Archive for the 'How To Save Money' Category

Live below your means, above your needs

That is a saying I overheard recently that is so powerful it’s all I really have to say.

Think about what your means are and if you’re living at, below or above them.

Then think about your needs – what are they really? Are they reasonable? Excessive? Low? High?

I teach a concept called Voluntary Simplexity… This is one of the foundational principles.

“Live below your means, above your needs.”

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Money Facts

Do you think you know a lot about money? Maybe you do. Maybe you don’t. But let’s see if any of the following facts are in any way surprising to you:
  1. More of our fantasies are about money… than sex.
  2. If we could have any luxury in the world (and money didn’t matter) more of us would choose to spend money on a butler and a maid than anything else.
  3. 90% of Americans who own pets buy them Christmas gifts.
  4. Money is the leading cause of disagreements in marriages.
  5. 65% of Americans would live on a deserted island all by themselves for an entire year for $1,000,000.
  6. For $10,000,000 most of us would do almost ANYTHING! Including abandoning our family and friends and our church. A very high percentage of us would, for that same amount of money, change our race or sex. And, 1 in every 14, would even murder someone for ten million bucks.What’s really strange about this is, the statistics remain the same whether it’s ten million dollars all the way down to three million. For three million bucks, most of us would do the same horrible things we would do for ten million. But, guess what? Few of us would do these things for a “measly” two million.
  7. 92% of us would rather be rich than find the love of our lives.
  8. Here’s a weighty one: Money (or the lack thereof) is the biggest stress inducer in the lives of Americans. We worry more about money than our marriages, our health, or even who’s going to win the Superbowl Game or come out on top in the latest Survivor TV show.
  9. If you get your money out of a Hitachi ATM machine in Japan, it will be laundered. The way they do it is, they briefly press the bills between rollers at high enough temperatures to kill most bacteria.
  10. Women have very fixed ideas on how much they are willing to spend on a bra. 38.3% of women won’t spend $30 for a bra. 28.4% won’t spend $50. 10% would pay as much as $75. And, only 3.5% would shell out $100. But, you know what? Almost 20% of women say they would pay almost anything for a bra. This is because they consider (and I guess so do a few men) that the contents of what those bras are encasing is of extremely high-value.
  11. Nearly half of the people who sell their houses with furniture included will take all the light bulbs out of all the lamps when they vacate the premises.
  12. Most people won’t bend over to pick up money lying on the sidewalk unless it’s at least a dollar.
  13. Most Americans think pennies are a pain in the ass and the U.S. Mint should stop making them.
  14. There is about 405 billion dollars in circulation. Only 32 million of that amount is counterfeit. That means, the percentage of counterfeit money in America is .0079%. And, $20 bills are more often counterfeited than $100 bills.
  15. Do people care if their bills are crisp? Indeed, they do. Fresh, crisp, clean bills are considered much more valuable than those which are old, wrinkled and dirty.I once sent a ‘dollar bill thank you’ letter to a guy who sent a sincere letter back to me bitching the free $1 bill I sent him was wrinkled instead of crisp as I had described in the letter.
  16. Let’s flip a coin and try to guess whether it will come up heads or tails. Three times as many people guess ‘heads’ than ‘tails’.
  17. Here’s one I personally think really sucks: One out of every four Americans believe their best chance of getting rich is by playing the lottery.
  18. How about this one for a shocking fact: 5% of lottery ticket buyers buy 51% of all tickets sold. (Trust me, none of these people belong to Mensa.)
  19. A staggering 74% of us are influenced by how much we can win in a lottery as opposed to the odds of us winning.
  20. That’s a good thing for the Government because the odds of winning a lottery jackpot are about 10 million to 1.
  21. A person who drives 10 miles to buy a lottery ticket is 3 times more likely to be killed in a car accident while driving to buy the ticket… than… he is to win the jackpot.
  22. Sunday newspaper coupon inserts are the second-most read section of the paper, after the front page.
  23. Few people know it but, you can buy single-disease insurance.
  24. Only 6% of people in America regularly buy clothes tailor made just for them.
  25. Here’s one that’s really important: 63% of us decide NOT to buy a product advertised on the Internet… because… we think the shipping and handling charges add too much to the order.
  26. Eight times as many Americans would rather use an ATM than deal with a real live teller.
  27. This one’s going to blow your mind: 83% of Americans still pay with checks instead of credit cards!
  28. Almost 30% of us say we would need 3 million smackaroos to feel rich. This ties in with the fact most of us would do anything for as little as $3 million… but… not nearly as many of us would do those identical things for a measly $2 million. (Hey, here’s your chance to take advantage of that situation. If you only want to pay $2 million to have something done, ask me if I’ll do it. The chances are, believe it or not, I WILL DO IT.)
  29. Here’s another fact which is really, really important: 80% of Americans say giving personal information (especially their credit card information) over the Internet scares the living shit out of them.
  30. Two-thirds of Americans say they wouldn’t let their spouse spend the night and have sex with another person for a million dollars. Many of these people are liars. There’s a big difference being asked if they would do it for a million dollars… as opposed to… handing them a paper sack containing the million fungolas and simply saying, “Here, you can have this if you’ll let me sleep with your sweetie tonight.”
  31. The average wedding in America costs a staggering $20,000.00.
  32. More than one-third of American women consider money more important than good sex to the success of a marriage.
  33. According to Employee Benefits Research Institute 96% of all people who have jobs right now won’t be eligible for their full Social Security benefits when they reach age 65.
  34. When it comes to houses, more than anything else, people want a state-of-the-art kitchen.
  35. When people shop for a car, what they want more than anything else is reliability for the best possible price.
  36. One of the best ways to raise money for a charity is to have a free dinner for a lot of people and have an empty envelope tucked under their plate… for the express purpose… of making whatever size donation they want.
  37. People tip more on sunny days than they do on dreary days.
  38. More than 80,000,000 people call the I.R.S. Information Hotline phone number every year. One-third of those calls go unanswered. And, according to the Treasury Department itself, 47% of the answers the ‘get-through’ callers receive are incorrect.
  39. Almost two out of three people have modified their financial behavior because of their fears.
  40. Almost three times as many people who live in the South worry about losing their jobs as compared to people who live in the Midwest.
  41. Which would you rather do: Shop till you drop… or… have great sex? For men, this is a no-brainer. However, more women would actually rather have an unlimited shopping spree than spend a weekend with a fabulous lover. In fact, the #1 favorite fantasy of women is to have a blank check to shop at their favorite store. The favorite fantasy of men is what we would like to DO to the sales girl… rather than… what we would like to buy from her.

Do you have your own list of Money Facts? If you’d like to share, please send them by placing a comment below (which will be confidential) and we’ll contact you directly to exchange emails.

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Beijing Egg House

Dai Haifei, a 24-year-old architect in Beijing, China, found an ingenious solution to live rent-free. He built himself a mobile egg-shaped house that is powered by the sun. The 6-foot-high structure, which is small enough to fit on a sidewalk, is made of bamboo strips, wood chippings, sack bags, and grass seed that’s expected to grow in the spring. The pod features a solar panel on the roof that powers a lamp in the cozy space. The house cost around $1,000 to build (6427 yen), according to China Daily. It seems Haifei has taken the trend of living in tiny spaces to a whole new level and is definitely another case study example of antimimeticisomorphism in action!

Beijing Egg House

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You get what you focus on

Can you believe this was all found money? That’s right, just sitting there on the ground, ready to be picked up. Hundreds of dollars. My father-in-law is the one with the “eagle eye” for coins and even bills that no one else seems to see! It just proves once again… “You get what you focus on!”Money -Exponential Programs

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Buy Nothing Day is Saturday November 27 2010

Buy Nothing Day is your special day to unshop, unspend and unwind. Relax and do nothing for the economy and for yourself – at least for a single day.

Can you really buy absolutely nothing for just one day? You might say “Sure!” but can you ACTUALLY go one whole day without transacting ANY business? Are you totally debt free so that you can go a whole day without accruing interest on your mortgage? Are you off the grid so that you can go a whole day without paying the power company? Do you have ANY utilities? Water, Sewer etc? Do you have a cell phone? Do you have stocks or other investments that transact business in your name every day without your input? Do you have other debts, such as credit cards that accrue interest? Can you really go one whole day without buying anything? Try it!

Of course, we say this not to push you to attempt the impossible or go to extremes. We just want everyone to think about how integrated these transactions are into our daily routines.

Definitely something worth thinking about!

This is a concept based on the Voluntary Simplicity movement – it’s something I teach my elite Platinum Members. Without going overboard, it helps you focus on what’s most important in life so that you get more enjoyment, fulfillment and satisfaction with less stress, pressure and frustration.

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Antimimeticisomorphism: The Modern Piggy Bank Account

Have you ever collected spare change in a jar or piggy bank? Well guess what? There’s a high tech way to do it now. Many banks and credit unions will top up your purchases on your credit card to a selected savings account – automatically.

If you buy something for $10.73, the 27 cents are rounded up and placed in your savings account. If you spend $19.95, then five cents are saved and if the total is $20,11, 89 cents are put aside for that rainy day.

Not all banks and credit unions offer this, but I am sure you could find one that can.

The benefit of doing this is the same as putting spare change in a jar, with the added benefit of compounding the interest for you automatically.

Don’t think it’s worth it? Think again.

Coinstar estimates there is $10.5 Billion in loose change in US households right now. That’s BILLION, not MILLION.

I bet if you scrounge around, you’ll find a few dollars of your own!

Add to that foreign currencies and well, you get the picture.

As I’ve said countless times, it’s all about applying the 1 Percent Improvement Doctrine, doing the little things SYSTEMATICALLY that end up making a BIG difference.

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