Being Cheap Always Always Always costs more money

The poor are poor for a reason and the rich are rich for a reason. And it starts with the idea of being cheap. I know many many many people think about how can I spend the least amount possible for something. But that is not the best way to think about making purchases.

A good simple example of how being cheap will always cost you more in the future is with shoes. Lets say you buy a piece o crap pair of $9.99 cheap shoes. Yes they keep your feet protected but they don't last long and they usually will give you blisters. They will cause other problems in the not to far away future then you will need to buy another pair and continue the cycle. Usually the cheap pair of shoes will not be taken care of and will fall apart or be lost faster. When you could have bought a nice pair for a little more money that will last 2-3 years will give you less problems such as blisters; you will also take better care of them making them last longer and making life easier for you not having to shop for more etc.

Some other examples of things that being cheap on will cost you more money in the long run or not to far away future

Pre-paid Cell phones-
cheap at first but still costing more money 1-2 months down the road

car repair- a missed oil change or brake pad redo will cost more from lack of getting it done properly the first time.

Computers- going to internet cafes vs buying a lap-top

Laundry Mats- paying $4.00 a load vs buying your own and getting it done for .02 cents

And the most important thing that being cheap will cost you more money down the road is starting a business. I have seen many many many people try to start a business with investing $0-20 a think they can make it back instantly and start making money within minutes of spending it. Later down the road usually 1-2 days they join another business for $0-20 thinking it will be the next big thing, and continue and continue. Then they have spent $200 with nothing to show for when they could have spent $125 on a legitimate business opportunity. With the increased investment people will take it allot more seriously and will follow the blueprint for success.

The advice for the day is DO NOT BE CHEAP it will only cost more money in the long run.

Mastering your Money Mindset

Its a tough thing to do altering our minds perception of a simply feasible concept such as money but it is so important in your quest to freedom. How you perceive the art of spending and saving your money is one of the key components of mastering your finances and freeing yourself from worry panic and analysis paralysis.

When going into a business, which really is what I highly recommend for mastering your life and finances. Giving yourself the freedom to do whatever you please whenever you please it is so important that you need to practice the art of the spending saving balance act. A practical example of this is when to spend on advertsing and investments and when to do it yourself. I have run into this problem and am still working on it.

But here is one very important question to ask your self when doing a business related activity. Will this money being spent make my life easier and give me a more streamlined way of making money in the future? Sometimes doing it yourself and being cheap is a good idea but also many times you can hamper your efforts and time by trying to do it yourself.

So try to slow every task down and break it into a do it yourself task or pay someone else to make it get done faster. Simplify throw away whats not needed and track your results so you know you are not wasting your money.