Nobody in the financial industry wants to give you a reward! They want to take
To view this email as a web page, [click here]() âMy love language is spending money I donât haveâ Javier, this weekâs guest on the I Will Teach You To Be Rich podcast, is proud of his credit cards. He thinks new cards and higher limits are a reward, not a hook from the credit card companies to get you to spend more ⦠and owe them more in interest. Nobody in the financial industry wants to give you a reward! They want to take your money and bleed you dry! Javierâs spending is driven by emotions. Thereâs nothing wrong with emotions, but you canât build a Rich Life based purely on how you feel. You have to pair that with knowledge, with real analysis, to see if what you want is possible. Yes, sometimes people are too focused on spreadsheets. But sometimes, you DO need to look at the numbers. To become confident with your money, you have to become competent. Itâs a huge tip-off that someone isnât effective with money when theyâre in debt and they are talking about credit card points. These programs are designed to hook you. You should never spend on something simply to get the points â it doesnât make any financial sense. If you cannot afford to pay it off that month, then donât buy it. Itâs really as simple as that. Javierâs spending is leaving him at risk of losing his relationship with Jessica. Jessica makes $80,000 per year, while Javier makes $33,000. Jessica has $15k in savings and $175k invested. Javier has $0. Heâs also $21,000 in debt â including $9,000 from one recent trip to Colombia. A lot of Javierâs spending comes down to âWhy not?â Now, more of us should adopt the life philosophy of âWhy not?â Why not try that new dish? Why not take a risk and go out on that date? Why not spend on something thatâs really meaningful? We can create a rich tapestry of life by saying yes to more opportunities. But what happens if you say yes too much, or if you say yes to the wrong things? You can end up in debt. Thereâs an even more subtle problem. Once youâre in debt, itâs very difficult to mentally turn the page and realize that you have to change the way you behave. Iâve seen this happen with a lot of people. They make decision after decision, end up with bad consequences, but canât make the connection between their attitudes and where theyâve ended up. Javier uses a metaphor that gives me hope that heâs starting to make the connection: âI feel like when thereâs a soccer team and all the players are good, but you have the guy that sucks on defense and you can get scored on. I feel like that guy right now,â he said. Can Javier make the change? [Click here]() to listen to my conversation with Jessica and Javier on this weekâs episode of the I Will Teach You To Be Rich podcast. New episodes are released Tuesday mornings. Subscribe on [Apple](), [Spotify](), or wherever you get your podcasts. âItâs never about the dollars, itâs about the feelingsâ Iâd love it if you review the podcast on [Apple Podcast](). Here are a couple recent ones. [Podcast review] Fucking trucks. [Podcast review] âItâs never about the dollars, itâs about the feelings.â YES! This is what I love about the podcast. We get into the real issues that people never talk about. [Signature] WHAT TO DO NEXT LISTEN: [Click here]() to listen to my conversation with Jessica and Javier on this weekâs episode of the I Will Teach You To Be Rich podcast. [SIGN UP]() CHECK IT OUT: When you're ready, here are 4 ways I can help you⦠- For financial basics: [I Will Teach You to Be Rich]().
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