View Single Post
  #42 (permalink)  
Old 04-09-2008, 01:44 PM
RT Wolf RT Wolf is offline
Senior Member
 
Join Date: Nov 2006
Location: Toronto, Canuckland
Posts: 1,076
RT Wolf is on a distinguished road
Default

You were asking about how to act like you have more money. Depending on who you talk to, most of the actually wealthy (not just rich in appearance) keep their expenses lower than their income and use the surplus for something good.

The Millionaire Next Door, and the Millionaire Mind are books on that and the habits of millionaires in America (very interesting books, too). Warren Buffett and Charlie Munger (both billionaires, with Buffett being simultanously the richest person and the pledger oft he largest charitable donation ever) both give the same advice: Spend less money than you make and invest the rest. I like to make this process automatic by having a certain amount of mone taken out of my chequing account every two weeks and put into my savings account, automatically.

You could try one of the Abraham games, too, the one where you put a tewnty dollar note or whatever in your wallet or purse and mentally spend it. Or the other one where you get I think double the amount of money as the previous day and you have to spend it.
__________________
Mind-Manual
"Pure hell forces action, but anything less can be endured with enough clever rationalization." - Tim Ferriss

Last edited by RT Wolf : 04-09-2008 at 02:38 PM.
Reply With Quote