Ballin' on a Budget

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“Spending” ain’t “having”.

Sometimes it can feel like everyone around you has it figured out. Like they’re just raking in the cash, building wealth, and ballin’ so hard. Meanwhile you’re grinding it out, getting out of debt, socking a little cash away for a rainy day.

Chipotle dreams with a Taco Bell budget.

(value menu, even.)

But here’s the deal: most of those people, they’re faking it.

They’re making minimum payments on their student loans, holding out for forgiveness someday. They lease the car, they don’t even own it. They’re putting Olive Garden on the credit card. Nothing in their life is actually theirs.

Their entire life is a sham.

46% of Americans carry a credit card balance… and half of that group don’t think they’ll EVER pay it off. Collectively as a country, our total outstanding credit card debt is double what it was a decade ago. The average household credit card debt is over $20k.

The new clothes, eating out all the time, new car, unnecessary MBA, fancy vacation… it’s all fake. It’s bought and paid for with someone else’s money.

Don’t be fooled by shiny objects.

This was an unlock in my financial life: realizing that spending money is actually the opposite of having money. I used to think they were the same thing… you could spend money if you had money, so people who are spending money are people who have money. But the reality is the exact opposite.

People who spend money are people who no longer have that money (and maybe never even had it in the first place).

Some of the most wealthy people I’ve ever met couldn’t be picked out of a lineup. You would never know by their appearance, by the car they showed up in, or the house they spend most of their time in.

They have money, and aren’t big on spending money.

If you’re going to be jealous of someone, they’re the ones to pick – but you wouldn’t ever know it.

P.S. – don’t let your business run you…

Profit Hiker is a program to help business owners discover hidden profit, create margin, avoid financial struggle, and finally feel the freedom of a business that works for you. There are 11 trails to gain lasting elevation in your business, and we have the maps.