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Why Being Cheap is Important

Being cheap sometimes can be a good thing. Let's talk about how... If you would like to support my channel!: https://www.buymeacoffee.com/williamsauQ Mint Mobile (save on your cell phone): https://mint-mobile.58dp.net/rn6rJQ My Favorite Personal Finance Books Your Money or Your Life: https://amzn.to/3VExSUV The Simple Path to Wealth: https://amzn.to/3RODWJp Die With Zero: https://amzn.to/4bjwQ6D Chapters 00:00 Start Here 01:18 It’s The Only Way You Will Get In A Better Situation 02:08 It Allows You To Fully Attack Getting In A Better Situation 03:14 It Makes Progress A Lot Quicker 04:12 It’s Just A Temporary Tool 05:07 It’s A Fair Trade 06:10 It Forces You To Take Responsibility Over Your Situation 07:18 It Forces You To Learn How To Be More Resourceful With Money 09:01 It Forces You To See The Difference Between A Wants And A Need 10:00 You See The Beauty of Not Being Cheap 10:56 You Gain The Confidence That Anything Is Possible We often think that being cheap and cutting costs as much as possible is a bad thing; however, in some occasions, being cheap is actually a good thing. In this video, I explain why being cheap is important and how to use it to improve your life. 1. It’s The Only Way You Will Get In A Better Situation If you are in a bad financial situation and feel stuck, the reality is that being cheap is the only way you will get in a better situation. If you cut all of your expenses to the bare minimum, it gives you more money to focus on getting in a better situation. 2. It Allows You To Fully Attack Getting In A Better Situation When you decide to be cheap, it opens up the maximum amount of money to have in order to get in a better financial situation. Then, you can use that extra money to fully attack paying off debt and building up an emergency fund. 3. It Makes Progress A Lot Quicker When you decide to be cheap and cut your spending to the bare minimum, you are able to fully attack getting in a better financial situation. This speeds up your progress and allows you to reach your financial goals much quicker. 4. It’s Just A Temporary Tool Although being cheap is not an enjoyable thing to do, it's an extremely powerful tool that allows you to get in a better financial situation. And it is important to understand that this lifestyle is just temporary. It allows you to get in a better situation, but eventually once you are in a better situation, you can stop being so cheap. 5. It’s A Fair Trade Being cheap to get in a better financial situation is a sacrifice; however, it is important to know that a sacrifice if just a worthy trade. When you decide to go without something, like being cheap, you are doing it because you believe you are getting something worthy in exchange. With being cheap, you are getting a better future in exchange, which is worthwhile. 6. It Forces You To Take Responsibility Over Your Situation A huge barrier that prevents people from getting in a better financial situation is accepting that you played a role in getting in a bad situation. Most people like to point fingers and be a victim, which prevents them from making progress. Being cheap is all about accepting the role you played to get in a bad financial situation and taking action. 7. It Forces You To Learn How To Be More Resourceful With Money When you are cheap, you are forced to learn how to be more resourceful with your money because you are trying to cut as many things out of your life as possible. Once you become resourceful with your money, when you stop being cheap, you will still have the skills of being resourceful with money. 8. It Forces You To See The Difference Between A Wants And A Need When you are being cheap, you are really challenged to see the difference between a want and a need. We often confuse wants with needs and spend tons of money on things we don't need. When you cut your expenses to the bare minimum, you gain a deep understand of what you actually need to live. 9. You See The Beauty of Not Being Cheap After you are cheap for a long time, you gain a deep appreciation of the small things in life like having a meal at a restaurant, living comfortably, and spending more money on things you enjoy. Most people never go without these things and end up never truly understanding how great these things are. 10. You Gain The Confidence That Anything Is Possible Being cheap is a powerful tool that allows you to get in a better financial situation. It allows you to accomplish a lot in a shorter amount of time. When you put yourself through this period of deprivation and being to see results, you gain the confidence that anything is possible. ** Links above are affiliate links where if you click and order, I will receive a commission at no cost to you. **