Why I can’t help cheap people

If you’re cheap, I can’t help you. I’m sorry. It’s one thing to be careful with To view this email as a web page, [click here]() I can’t help cheap people. Here’s why If you’re cheap, I can’t help you. I’m sorry. It’s one thing to be careful with your money, but being cheap is totally different. Being cheap: - Is deep-rooted - Puts a strain on relationships - Shapes and changes your identity - Is really psychological - Causes you to hoard money with no purpose in mind Most of all, cheap people don’t really believe they have a problem, so they will not do anything to change. When you ask people if they’re cheap, they will never, ever admit it. But usually in the next sentence they’ll tell you everything you need to know. “Oh, no, no, no. I’m not cheap. I just prefer to find old food outside the back of a dumpster because it’s a great value. But no, no, I’m not cheap.” Let me share an example with you. I talked with a couple on my podcast, [Ashley and Greg](). Combined, they make around $270k/year and have a net worth of over $1 million (cheap and net worth are not correlated whatsoever). Ashley and Greg bargain shop for organic berries. They decline dinner invitations because the restaurants their friends choose are too expensive. Greg doesn’t want to buy a winter coat … even though they live in Canada. [Podcast]() Here’s what Greg says about this: “I don’t want to buy a $1,000 winter coat, which is stupid when there is a much more affordable option.” Notice anything? Greg uses a really common technique that people use to justify not spending money on anything. Especially people who are cheap. They instantly jump to an example that seems highly expensive or frivolous to escape the real question. Both Ashley and Greg are driven by [invisible scripts](). Ashley comes from a scarcity mindset: “Growing up, my mom didn’t have a lot of money, and she was always shopping for canned foods and Shake ‘N Bake. So I think if she could spend so little, I should too.” Ding ding ding! Any time someone is able to connect the messages they received in childhood with their spending behavior today, you know you’re onto something. Greg grew up pretty poor, too, and has similar invisible scripts. When his family went camping every year, they would stop at KFC — once. Greg says: “That one KFC brought me joy. I don’t think I can replicate that joy by going out on a regular basis.” Like a lot of people, Ashley conflates being cheap with being good with money. “If we weren’t this cheap, we would never have made this much or had this much money to invest. We wouldn’t be in our financial situation where we can retire at 50.” Greg confuses being cheap for joy. He thinks it was the (cheap) KFC, but really it was being with his family. Greg also thinks their friends are reckless with their money … because they furnish their homes and occasionally spend more than $400 on a meal. (Remember, Greg and Ashley make $270k+.) Here’s the point of all of this: A Rich Life is about more than just accumulating money. [A Rich Life bucket list] A Rich Life bucket list And if you want to live a Rich Life, you have to change your approach to money. So many people build the skills of getting wealthy, but they never build the skills of knowing how to actually spend that money. Everyone talks about how to save, but very few teach how to spend it. There’s no glory in continuing to use the same strategies that worked for you when you were 21. You didn’t have any money then! You needed to save! But now you don’t. As you get older and earn more, you have to adjust. This is what I mean when I say it’s a tragedy to live a smaller life than you have to. When your income increases, you can change your lifestyle along with it. In fact, you NEED to adjust your lifestyle. It’s one thing to know what needs to be done, and it’s a whole other thing to actually make those changes. That’s what I love helping people do. My next free live event Wow! Yesterday’s “How to live without a budget” event was awesome. Thank you all for showing up. Stay tuned for another free live event coming next week. I’ll be teaching you how to automate your finances so you can stop stressing over money minutiae and start living your Rich Life. [Signature] WHAT TO DO NEXT STAY TUNED: I have another FREE live event next week, as well as an exciting announcement coming later. If you’re not already, be sure to follow me on [Twitter]() and [Instagram](), too. [SIGN UP]() Featured Products [Learn how to be your own boss, do what you love, and earn more.]() [What if you woke up EXCITED to go to work? I show you how to achieve it, step by step.]() [Ready-to-use mental frameworks for increased happiness, confidence, & success.]() [No guilt, no excuses, no BS. Just a 6-week program that works. Over 1,000,000 copies sold.]() The I Will Teach You To Be Rich Podcast Raw, unfiltered conversations with real couples: - One partner is $300,000 in debt, but shrugs it off. The other cries at night, anxious about the future. - A couple that’s so worried about money, they feel like they’ll never have enough. They go to a restaurant and order chicken instead of steak to save $10. Their household income: $600,000. - Two parents who feel overwhelmed by work, kids, and debt. When I ask them how they’d describe their lives, they instantly say the same word: “Stuck.” Listen in to hear real money conversations from behind closed doors today. [Apple Podcasts] [Apple]() [Spotify]() [Google]() [IWT]() Follow Ramit: [insta]() [Twitter]() [twitter]() [youtube]() [Linkedin]() Was this forwarded to you? [Sign up here.]() This email was sent to {EMAIL}. If you no longer wish to receive these emails you may [unsubscribe]( at any time. 548 Market St #89946 San Francisco, CA 94104-5401