Stop Spending Your Money on Crap

The quickest and easiest way to get rich involves no imagination, no extra jobs, income or investments. Wanna know what it is? Stop spending your money on crap!

You know what crap I am talking about. What started as guilty little pleasures that then turned into commodities. You eventually went from wanting them to needing them.



While we're being brutally honest with ourselves here's a list of my crap:

• Cigarettes
• Pints of beer at the pub
• Meals at the pub
• Coffee
• Soft drink
• Fast food

I always tried to rationalise these purchases, as me needing these things. I needed cigarettes because I was stressed or I needed to eat fast food because I was busy. Let's face it people, the only things you need are air, food, water and shelter; everything else is a want.

Now most people spend 105% of their income (that 5% goes on your friend Mr Credit Card). Now unless you want to work the rest of your life, and you enjoy living paycheque to paycheque; imagine for a minute what would happen if you stopped spending your money on crap and started saving that money for your future.

Try making a list of the crap you waste your money on. Then figure out how much that crap costs you. Then decide that you don't need it. Don't substitute it for other crap, instead start doing something productive with that money.

Check out Mark Cuban's blog for more inspiration.

Chris Hooper
(Innovate or Die)