So I went to pick up ten more custom shirts from my tailor last night. The bill was nine grand. Now I have to admit, even for a guy with prosperity consciousness, that seemed a little steep to me.
Guess I’ll have to expand my consciousness though, because the shirts are gorgeous and fit perfect. But that raises the issue of another of the important money management skills: spending. Or more specifically, knowing when not to spend for things...
Doing this right is so easy, it’s stupid. Don’t spend more than you make. It’s so simple, yet how come it took me 40 years to learn it? And why have so many people still not learned it?
You could easily argue this whole worldwide economic meltdown was caused by overspending when people (and companies and countries) didn’t have the money they were spending.
One problem is credit is way too easy. Two, we are really spoiled and look for instant gratification for everything. I have fallen prey to this in the past myself. I was so convinced I could always increase my earnings, I would spend money before I got it. And while I was good at increasing my earnings, I was even better at increasing my spending. I had to learn restraint. And delayed gratification.
Most people do need to expand their prosperity consciousness and handle worthiness issues they have. They need to realize that it is alright to be prosperous and abundant. You are meant to be wealthy. But that is not to be confused with foolish spending by going into debt.
I want you to live a life of prosperity and abundance. But there is nothing prosperous about debt.
The average person lives on 125 to 135% of what they earn. You really should live on about 80% of what you earn. So how are you doing on that?