Episode 383: Money Series: Why I Continued to Spend Money Despite a Low Income
If you listen to traditional money advice from gurus, they’ll tell you if you have no money coming in to stop all spending. I respectfully disagree! Despite have a really low income there were some things that we continued to spend money on that were a million percent worth it. Listen in to hear my thoughts on spending money despite having a low income.
I would bet that you likely have an Amazon Prime membership. Am I right? There is a monthly cost associated with having that membership but on the flip side you get amazing prices on all the essentials. Totally worth it.
That was the key to our streaming, I had a personal shopper, and I was able to price shop on everything we were purchasing. Did I need the personal shopper? No. In fact I probably sent back 90% of the things they sent me, but I didn’t have to drag three kids to the store to search the racks. That was worth it when I did in fact need some new clothes.
Was everything that I spent money on the right choice? No. And I’m sharing those decisions as well. I’m sharing it all. The good, the bad, and the ugly and why the decisions I made are the reason my businesses are now sitting on a firm foundation and I’m working for a practice I love.
It’s been a tough few years, but looking back it has all been worth it. Every penny pinched and spent has gotten us to where we are today!
In this episode:
[02:17] I’m talking in this episode about why I continued to spend money when we really don’t have any.
[03:08] Business is hard!
[04:27] One way I spent money was continuing to pay for my Prime membership and some services they provide.
[06:33] I continued to travel even though I wasn’t making much money in my business because the benefits outweighed the money.
[08:01] I also continued to pay for the people who work for me in my business.
[09:20] Listen as I discuss some of the dumb things I spent money on.
[11:01] I share some of the best things I spend money on for my family.
[12:26] Thank you for listening!
Links and Resources
Ep. 379 - Money Series 1: Why I Broke Up with Dave Ramsey
Ep. 380 - Money Series 2: Why I Stopped Contributing to My Retirement
Ep. 381 - Money Series 3: Why I Didn’t Accept Loan Forgiveness the First Time Around
Ep. 382 - Money Series 4: Why I Fired My Husbands Accountant and Found Dawn Patton