In Money

Don’t think about it as making money, it’s saving money!

When I work, I never really think of it as ‘making money‘.

I think of it as: ‘making money to save‘.

money-us-dollars-hundreds-cash-bills

For me, it’s a simple way of thinking about my money being earned to be saved, not spent.

If I think of it as “making money” it’s like it’s already earmarked to be spent.

If I think of it as “saving money”, it’s as though every paycheque I get, has to be squirreled away after my basic needs are met.

I noticed the change in my mindset when I thought about what I felt when I was a student working minimum wage. I used to work long hours, making all of this money to spend, and I had nothing to show for it except for trinkets at the end of the day.

Instead, I am now working to make money to save, which has totally changed the way I look at my job and why I work.

On that note, I also don’t like receiving huge tax refunds (it means I overpaid somewhere), but when I did receive them because of tuition credits I had, I always put the money back into the retirement fund and/or savings.

baby-funny-huge-tax-return-meme-generator-money


So the next time you think about making money to spend, think of it as making money to save instead, and that little change just might make all of the difference.

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Sherry of Save. Spend. Splurge.

Am my own Sugar Daddy. Am a millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using TheBudgetingTool.com. I have worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K with an average lifetime savings rate of 50%. I have 11 side incomes that are on track in 2020 to make me $50K - $75K. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

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Posted on April 8, 2013

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2 Comments

  1. Erika B.

    Great post! I received a promotion at work and I plan to save whatever dollar amount my paycheck is increased. I’ve been living fine without it all this time, so I won’t miss it!

    Reply
    1. sherry@savespendsplurge.com

      oh yes đŸ™‚ It should be easy for you

      Reply

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In a nutshell…

Save. Spend. Splurge.
[ wealth. style. minimalism. ]

——

MOST DEBT: cleared $60K in 18 months

MONEY: Hit $1M personal net worth At 36

NEW GOAL: $1M in invested assets

FAVOURITE DAY: payday

HATES: being late & lazy people

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——

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