• Home
  • Family
    • Pregnancy
    • Breastfeeding
    • Baby
    • Toddler
    • Preschooler
    • Big Kid
    • Teen World
    • Pets
    • Education & Learning
      • Toys
  • Finance
    • Success & Fulfillment
    • Money Mondays
    • Law and Taxation
    • Doing Business in the Philippines
  • Health
    • Beauty & Style
    • Healthy Food
    • Fabulous Fridays
  • Life
    • Love & Relationships
    • Mind & Spirit
    • Beautiful Home
    • My Hometown-Baguio City
    • Travels
  • Privacy Policy
    • Privacy Policy
    • Contact Me!
    • About Me
    • Advertise
    • Facebook
    • Google+
    • Instagram
    • Pinterest
    • Twitter

Mommy Unwired

FREE!HAPPY KIDS FOR LIFE eBOOK!

Give your child confidence & a strong sense of self-esteem!Here is your Special HAPPY KIDS FOR LIFE eBook!

Home » Uncategorized » Live Within Your Means. or Expand Your Means?

Live Within Your Means. or Expand Your Means?

in Uncategorized on 08/31/14

Click To Download This Post As PDF
Share
Tweet
Pin

I just want to let you know that all opinions are my own and I may earn from qualifying purchases. Regardless, I only recommend products or services I use personally and believe will be good for my readers. Enjoy and feel free to share with your friends!

I have a confession.

I have plugged the leaks in my personal finance.  I have taken stock of my finances; I have more than enough in my emergency fund, I have properties I am leasing out, and I am investing in the stock market.

But I still have a hard time living below my means and within my needs.

You see, I was a shopaholic.

The mall was my therapy!  I get stressed, I shop.  I have nothing to do, I shop.  I need to get this same blouse I am wearing in a different color, I shop.

Shopping made me happy!

tumblr_lk7aulAAIN1qbssqmo1_500_large

I have curbed my addiction, thankfully.

Kind of.

You see, I have gone through times when money would magically fill my wallet (of course, it was not magic, but I sure did go through those times when money came easily), and I would literally go on a rampage in the mall which was why I ended up with unworn shoes (stuck in boxes in the dark corners of the shoe cabinet) and enough makeup for a family and five kikay daughters. 
Until, of course, tough times came and I had to really really think hard if I needed another extra pair of those cute wedges or that new CC Cream.
That was why I secretly resented this:
denied1

 

Don’t get me wrong.  Suze Orman is one of my favorite financial gurus.  She makes sense, offers some really good money advice, is so positive about the Philippine economy and is encouraging Filipinos to go to ETFs (more on this later if you don’t know ETFs), and is preaching “LIVING BELOW ONE’S MEANS BUT WITHIN ONE’S NEEDS.”
She inspired me to have a serious financial reality check and evaluate the health of my bank account.  However, I do get haunted with images of her screaming “Denied!” when I really really want one of my “wants”, leaving me with awful feelings of guilt and deprivation.

confessions_of_a_shopaholic03
 
ROBERT KIYOSAKI’S VIEW ON LIVING BELOW YOUR MEANS.

Robert Kiyosaki claims that LIVING BELOW YOUR MEANS is a “Financial Fairy Tale”. Living below your means can kill your dreams, keep you financially poor, emotionally empty, and spiritually neutral.  He said his poor dad believed in living below his means, constantly tried to save money, was very frugal, did everything he thought was right, and died poor, while his rich dad always encouraged him to go for his dreams saying that dreams are personal gifts from God and to take away a person’s dreams is to take away their life.

So instead of living below your means and within your needs, he asks you to EXPAND YOUR MEANS!

EXPANDING YOUR MEANS does make perfect sense.  The rich don’t live below their means.

They make BETTER MEANS.

richdadasia_quote4

Robert says that instead of saying “I can’t afford that.”, ask “How can I afford that?”  Living below your means limits your imagination and your diskarte and leaves you with feelings of deprivation. 
He stresses that Financial Education and learning how to make money work for you would give your more choices and freedom to decide how you want to live your life.

One example he gave was when he wanted to splurge on a new car (a liability in Robert Kiyosaki’s financial world). He did not cut costs.  Of course, he can afford to buy the new car, but he used the money to invest in assets that would provide enough cash flow to cover the payment of his new car.  It took a little longer, but months later, his investments where creating enough cash flow to pay for his car.

Identifying what you want and creating a plan to get it  is the smart way to get what you want and create assets. 

One of the ways I am expanding my means is by investing in the stock market. 

Consider this. If you live today, the same way you lived yesterday – How can you expect today to be different to yesterday?!


Do something NEW today and EXPAND YOUR MEANS.  Do something that can REALLY change your life.

Start investing and create new assets.  You can start by joining me and thousands of people trying to expand their means at theTruly Rich Club.

Related

Click To Download This Post As PDF
« Find Your Happy Girl Secrets!
Four Steps to Happy Holidays–No Matter What »

Comments

  1. maria wenttotown says

    August 31, 2014 at 9:24 pm

    To be honest, I don't live within my means but save enough to get what I want. A litttle patience helps.

  2. Mayette Domencil says

    September 1, 2014 at 1:28 am

    I really want to try investing on stocks. I heard my co-attendees talking about their stocks e. Kaso I have little understanding about it pa and I have fears of trying it. I asked Daddy to study it pa but I guess he is too busy to do it now.

    • venessapaula1@gmail.com says

      September 1, 2014 at 2:57 pm

      You can start by reading Bo Sanchez ' book My Maid Invests in the Stock Market -get it for free by clicking on the truly rich link. then you can decide from there. If you are a member of the club kasi they will guide you, may power talks and loads of materials to make you figure out stocks

  3. Chin chin says

    September 1, 2014 at 8:12 am

    Expanding your means indeed makes better sense. We're trying this somehow but we have not tried ETFs yet. I'm looking into it and have seen Bo's site. Is membership in his club really worth it?

    • venessapaula1@gmail.com says

      September 1, 2014 at 2:59 pm

      It is truly worth it sis. Aside from stock advise – when to sell, when to buy – there are also lots of downloadable materials and power talks from mentors and leaders in the industry. try it!

  4. theresa says

    September 1, 2014 at 12:22 pm

    I can totally relate with the post. I too plugged my personal finances. My guy had a huge financial problem and the kind hearted in me can't help but helped him. I'm back to zero in saving again. 🙁

  5. Melgie Campbell says

    September 2, 2014 at 10:05 am

    We (hubby and I) are also trying to save some money bt for some reason everytime we think that we are ahead, may mga pangyayari naman na its not on my control and usually involve money kaya palaging back to zero. It's always nice to invest something and we been thinking about it

  6. Kim Reyes says

    September 2, 2014 at 1:18 pm

    I first learned about the Truly Rich Club back in college when I read Bo Sanchez's My Maid Invests In The Stock Market. Unfortunately, I never got around to signing up–so thanks for reminding me about this!

  7. JanzCrystalz January says

    September 3, 2014 at 11:24 am

    Although we already have an emergency fund, hubby and I cannot invest in stocks yet because we had a lot of expenses these days especially my son's needs. Later on when he is older and had recovered maybe our expenses might lessen. We're praying for that. 🙂

  8. Allan D says

    September 4, 2014 at 12:54 am

    Two of my colleagues were already investing in stock thru COLFinanacial (not sure of the name). I asked him how to invest on such. Mahirap kasi kapag nasa bank lang ang pera, ang baba ng earnings.
    There are also banks that recommends investing on stocks. Do you recommend such?

  9. Dominique Goh says

    September 5, 2014 at 2:25 am

    We do not invest in stocks and shares as the market is too unpredictable these few days but am saving up more and putting down more for the loans that we have.

Recent Posts

  • Review: RecordCast – Your FREE Online Screen Recorder
  • How To Apply For The Use of A Computerized Accounting System in the Philippines
  • Clarifications on Philippine Cooperatives’ Tax Exemption
  • How To Create an Outdoor Garden Haven Free From Stress
  • TALES OF ARCADIA: 3BELOW PREMIERES ON DREAMWORKS ON MARCH 1

Popular Posts

  • Guidelines in the Filing and Payment of Philippine Income Tax Returns and Other Taxes in 2021
  • Required Attachments to Your Philippine Income Tax Returns
  • 4 Baby Sleep Myths Every New Parent Should Not Believe
  • An Honest Review of Nutri10 Plus Syrup by Adrian
  • FAQ:Senior Citizen's Discount in Restaurants In The Philippines and Other Issues

© 2021 MOMMYUNWIRED.COM

This Site is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. Certain content that appears on this site comes from Amazon Service LLC. This content is provided 'as is' and is subject to change or removal at any time.