For the average person, if we want to enjoy the finer things in life, like going to exotic locations, fine dining, or doing some expensive activity, we think we need to go into debt for it. This is actually far from the truth. All it takes is a little patience.

Credit Cards And Loans – Instant Gratification, Long Term Burden

It feels really good going out to buy things or have a good night on the town and “charge it”. However, this is a very addictive process. If you have a credit card that you pay off each month with no problem, you feel very responsible. By being responsible, the credit card company will ask you if you would like to increase your credit limit. So you might have a $500 credit limit that you can easily pay off, but the credit card company is saying you can increase it to $1,000.

You’re able to keep the payments on that card. Then you look into applying for another credit card, which you get approved for because you have a good credit history. Then you take out an auto loan for a car. By having all this debt, you don’t really have enough money left over each month, so you start missing payments, which can ruin your credit history. I know this because I’ve been there.

Saving Money – Requires Patience, But You’ll Thank Yourself You Did It

Instead of getting into debt, it’s best to save your money. Let’s say each month you had $300 left over after you paid your bills (debt, utilities, rent/mortgage, living expenses, etc). This is money that you have left over after everything is paid. This is your monthly cash flow. If you were to pay off your debts, you can increase that cash flow and have more money to save. But we’ll stick with $300

Let’s say over 5 years, you decided to save money. A smart way to save your money is put it into an interest-bearing account over a certain period of time or invest in something that gives you a certain rate of return, but I just want to talk about saving money with no interest earned.

If you saved $300 a month over 60 months, that would be $18,000. This is after tax money so all that is 100% your money. If you needed a car, you could buy it with cash over 5 years. If you took out an $18,000 car loan, it would probably cost over $20,000 after you paid fees and interest on the loan.

You can do better. Buy a used car for $6,000 and pocket $12,000. You don’t want to save money for all those years just to give it all up. You want to be able to enjoy that money on other things, right?

The Power Of Spending Cash vs. Using Debt

I am not anti-debt, but it should only be used if that debt is making you money back over a course of time, where the asset purchased is paying down the debt for you. If you lose your job, you don’t want to lose the thing you purchased because you couldn’t pay for it.

“What are you talking about?”

Let’s say you buy a $2,000 vending machine with a a credit card. The vending machine is making $700 a month consistently. You pay off the vending machine in 3 months. You have an extra $700 each month from that vending machine that can go into your pockets. This is the vending machine paying for itself. You didn’t even need to take money out of your own pocket (money from your job) to pay off the debt.

If you’re not into buying assets to make you money, you can save the money from your job. So if you have $12,000 saved up over a 5-year period, you could start doing things you have never done before.

Wanna sleep at a 5-star hotel for the weekend with your girlfriend? As of April 2020, it costs $4,500 per night to for the Premier Park Suite at the Ritz-Carlton in New York. That’s on the higher end. On the lower end, you could spend $745 per night. You can afford it.

If you have a girlfriend or wife (one who you really care about and she treats you with the utmost respect), and you take her to a 5-star hotel for your anniversary, she would feel special for that weekend. She would have something to tell her girlfriends. Even though you are not a millionaire, you could enjoy a millionaire’s suite for just one night or a weekend.

When you have extra money saved up for doing things like this, you will be a high-status man, even if you work a job that pays $40K a year. If you make less than that, you can still enjoy the Ritz Carlton with your loving girlfriend or wife for the weekend.

You don’t need to splurge like this every week. Doing something big every few years can keep the spark in your relationship. Most men don’t treat their girlfriends or wives to the good life every once in a while, and this is why they envy other couples with money. If your wife or girlfriend is special to you, make her feel special every once in a while.

If you’re a single guy and just want to feel like a millionaire for he weekend, treat yourself!

Replenish What You Spend To Keep The Fun Going

Just like a credit card, you want to put the money back into that spending account. If you spent $9,000 over the weekend staying at the Ritz-Carlton, for example, you want to replenish that money over time. The good thing about this account is you’re not being charged interest and you can use what you put in. So if you put in $1,000, you’re able to use the whole $1,000.

When you don’t have expensive habits, it’s easier to save money on a monthly basis. I mentioned $300 in the example, but what if you were able to save $500 from paying off debts and cancelling certain subscriptions you don’t use? What if you got a raise or worked overtime to make a few more extra dollars? What if you got another job that paid better? What if you starting investing and started making extra money from your investments plus the income from your job?

When you factor in all the money you make, if you keep your expenses low and live a very simple life, you can splurge on your travel, hotel stay, etc. If you have a girlfriend or wife, and she sees you can keep a roof over her head, pay the bills, and spoil her a couple of nights from time to time, your value to her will increase. You don’t need to make millions of dollars to be considered a high-status man in her eyes.

Grab Your Copy Of The Free eBook That’s Gonna Help You Have The Confidence To Navigate Your Life Like A High Status Man

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