Why "wasting money" is OK

Growing up, I was always worried about wasting money. It made sense — because I To view this email as a web page, [click here]() {NAME}, Growing up, I was always worried about wasting money. It made sense — because I didn't have much! But I've since changed my perspective. I sincerely believe this: Once I cover my basic financial needs, it's totally fine to waste a certain amount of money every year. I expect it. Here are some examples: Buying books I think books are one of the best values on Earth, so I created my book-buying rule. [Ramit Tweet] As a result, I buy tons of books every year. Some of them I love. Others are still sitting in my queue. And a few I hate within the first thirty pages. Did I "waste" my money on them? Yes, I guess you could say so. But I also discovered twenty other books that changed my life. Going to a talk I attend a lot of weird talks: - I bought access to a webinar to learn how architects design houses — and loved it. - I attended a tea-making ceremony — not really my thing. - And my wife and I attended a magic show over Zoom — that was awesome. Some of these are hits, others are duds. But in order to find the life-changing experiences, you should anticipate incurring a little waste. (That means take chances and try new things. The upside of finding something amazing far outweighs the small cost involved.) Business expenses One of my coworkers paid a filmmaker to edit some of my Instagram videos for about $20 a pop. One day, we got a video back and I didn't like it — it just didn't feel right — so I recorded my own video. My coworker said, "You know, we just wasted $20." I simply smiled. In the grand scheme of things, $20 makes no difference to me. In fact, I expect that if we paid $200 for 10 videos, that we're probably going to toss at least three or four of them. That's just the cost of doing business. But when I started with money, I would have been super rigid: "We spent $200, we need to use it all!" (Or "We paid for an all-you-can-eat buffet, so we need to stuff ourselves!") Now I can relax, knowing that we've planned and budgeted for videos, knowing not every single one will be completely perfect. Take a risk! We're so afraid of "wasting" money that we rarely take a risk. So we order the same things at restaurants. We all go to see the same monuments and museums in the same cities. We focus on what could go wrong — not what can go right. I discovered magic when I accepted that a little waste is perfectly okay. Of course, I want to be mindful. I want to monitor my spending and stay within my own limits. But most of us are so far to the side of "petrified of waste" that I want to nudge you to take more risks. Two ways you can do that: 1. Create a special "taking risks" fund. Use a piggy bank, sub-savings account, envelope, whatever. Put $50 in it every month. Just automate it. My goal for you is to try something risky, something new, all the time. And most of the time, I want you to expect that you're going to fail. Trust me, the waste is worth it because sometimes, you'll discover something that changes your life. 2. Join my Money Coaching membership program. This is the best way for you to stop worrying about money. Get answers to your toughest money questions, directly from me. Money Coaching will help you: - Know your money is on track. Attend monthly live check-ins with me. - Identify the problem areas in your finances — and fix them once and for all. - Create a simple money plan that fits you like a glove. Get control of the nuts & bolts of your saving, investing, and spending. - Surround yourself with a community of peers who are also ready to master their money and live their Rich Lives. Plus, this Thursday, just for Money Coaching members, I'll be breaking down what you need to focus on…and call out everything else that you can safely and happily ignore. That way you can stop worrying and get back to living your Rich Life. There's still time to join. [Click here to sign up](). [Session 2]() [Signature]   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