brip blap - Latest Comments in spend less than you earn - the wrong way to think

Re: spend less than you earn - the wrong way to think

HerbalDeb — Tue, 06 Oct 2009 17:06:19 -0000

LOL... I just pre-ordered Loral Langemeier's new book too, which put me on a quest to learn more and found your article and Ms. Frugalicious' comment and yours. Great minds think alike! Thanks Steve!

Re: spend less than you earn - the wrong way to think

bripblap — Mon, 05 Oct 2009 22:04:26 -0000

@Ms. Frugalicious: Thanks so much! I'm planning on reading that book soon, too.

Re: spend less than you earn - the wrong way to think

Ms. Frugalicious — Mon, 05 Oct 2009 00:56:41 -0000

Wow, glad I found this post in the archives! I love how you said that people don't need to spend less than they make...they need to earn more than they spend. I just read an advance copy for Loral Langemeier's latest book, "Put More Cash in Your Pocket," and that is the gist of her advice, as well. I love your suggestions...her book has a lot of great ones, too! Time to tap into that entrepreneurial spirit!

Re: spend less than you earn - the wrong way to think

money — Tue, 28 Apr 2009 16:41:26 -0000

i have read all article and comments. i think that i muss work so much for money...

Re: spend less than you earn - the wrong way to think

itzpaul — Mon, 02 Mar 2009 14:17:54 -0000

I don't really agree. I think people should spend less than they EARN. But also think about how to increase their income.

I believe, maintaining to be frugal and live a frugal lifestyle is what will make you richer.

Re: spend less than you earn - the wrong way to think

Betsy Bargain — Sun, 01 Mar 2009 10:53:45 -0000

Great ideas for earning extra money. I try to not only earn more than I spend, but to constantly try to pare down my living expenses so more of my income can go to investments.

Re: spend less than you earn - the wrong way to think

onebigswede — Fri, 30 Jan 2009 15:47:19 -0000

I think it is a failing in some respects of the PF blogs that they don't focus more on ways to create income as opposed to spending less. I think a nice mixture of the two is the key - moderation in all things!

Re: spend less than you earn - the wrong way to think

Pratik Stephen — Tue, 16 Dec 2008 15:26:32 -0000

These are all small little ways to add income, but you never know which one grows when, and suddenly you'll find yourself sitting on a cash cow!

Good ways to get started, but the bottom line is simple... Provide value...
i.e Create value, and deliver it = Money Money Money!

Re: spend less than you earn - the wrong way to think

Adrian — Thu, 13 Nov 2008 17:14:36 -0000

Today I found this blog and are amazed by the quality of information posted here. Nowadays are very few blogs that offer quality of information ,we subscribed to your blog via RSS and we look forward the following articles

Re: spend less than you earn - the wrong way to think

Online Dividends — Fri, 27 Jun 2008 22:31:15 -0000

Steve,

This is a revolutionary way of looking at personal finance and passive income generation. You not only have to not spend all your money but also earn more and more

Re: spend less than you earn - the wrong way to think

BillinDetroit — Fri, 11 Apr 2008 19:03:22 -0000

@LazyMan: You are correct. It is probably not legal, and I actually removed the burning suggestion. That having been said, I doubt the artist gets paid when you buy used CDs, anyway, so even reselling it hurts the artist.

Think again. With used CD's the artist got paid for every copy out there. With pirated CD's, they got paid for no more than 1/2 of them. If I no longer want to listen to a group, but you do, the original royalty isn't lost. It's when two listen but only one paid that there is economic loss.

Frankly, I think the artist got 'messed over' long before the pirates ever burned their first copies. But that's a digression.

Good blog. I don't know that I am even oriented toward being wealthy so long as I have food on the table and a roof over head. But others are. Carry on.

Re: spend less than you earn - the wrong way to think

The Key Man — Thu, 27 Mar 2008 21:47:41 -0000

This is one of the best articles I've ever read. Not only because you offer great ideas to make more money, but because of the message. I have always thought that to many of us put limits on ourselves. We determine what we can and cannot do, how much money we can and cannot make, how successful we can and cannot be. A lot people blame others, or their circumstances, or whatever. But the truth of the matter is, we live in America, and we are all free to do whatever we want. That means if I want to be successful, make money, become a famous pop star, or whatever, the only person stopping me is me.

Re: spend less than you earn - the wrong way to think

Know The Ledge — Sun, 23 Mar 2008 19:20:48 -0000

The slight difference in concept makes a big difference. It's a balancing act between trying to constantly lower your expenses while increasing your income.

Re: spend less than you earn - the wrong way to think

Dana — Sun, 09 Mar 2008 20:52:32 -0000

You can also sell CDs here:

http://www.cashforcds.com/

I've used them and they pay promptly. No guarantees how much they'll pay for your stuff, but I bet they're a better deal than Half-Price Books.

Re: spend less than you earn - the wrong way to think

Steve (Brip Blap) — Wed, 05 Mar 2008 22:43:33 -0000

@7milllion7years: Thanks for reconfirming that - it's something I know but need to hammer myself over the head with every day to remember - cutting is limited, earning is unlimited....

Re: spend less than you earn - the wrong way to think

7million7years — Tue, 04 Mar 2008 12:51:10 -0000

BripBlap hit the nail on the head that every owner/operator of YOU Inc. needs to know: you can only CUT up to 100% of the money flowing out, but you can increase the money coming in by 100%, 500%, 5,000% ... unlimited.

YOU do the math ...

Re: spend less than you earn - the wrong way to think

Dividend growth investor — Thu, 28 Feb 2008 11:35:56 -0000

Your list is very inspirational bripblap. I am thinking of setting up an amazon store..

Re: spend less than you earn - the wrong way to think

Ruth — Sun, 13 Jan 2008 09:25:22 -0000

Shannon and Steve: I read a lot of political blogs and they are asking all the time for people to send them money to help keep their particular ideology on the internet.

Re: spend less than you earn - the wrong way to think

Steve (Brip Blap) — Sat, 12 Jan 2008 23:25:11 -0000

@Shannon: I can't imagine why not... why wouldn't it be?

Re: spend less than you earn - the wrong way to think

Shannon — Sat, 12 Jan 2008 23:21:25 -0000

is asking for personal donations online like that legal???

Re: spend less than you earn - the wrong way to think

My Dollar Plan — Wed, 09 Jan 2008 23:16:24 -0000

Great list! I like how you think outside the box.

Re: spend less than you earn - the wrong way to think

Steve — Sun, 06 Jan 2008 16:13:11 -0000

@Catherine Shaffer: Speaking as someone who writes semi-semi-minor-league-professionally as a blogger, I agree completely that writing a novel would be a daunting undertaking and probably not very lucrative. That's good advice, and even though I would never discourage anyone from trying, if they want to try, I would tell them to read your advice a dozen times before dreaming of the yachts they're going to buy off their Great American Novel....

Re: spend less than you earn - the wrong way to think

Catherine Shaffer — Sun, 06 Jan 2008 10:20:11 -0000

Hey, I love this post, but I have one quibble. Please don't advise people to make money by writing a novel. First of all, it's a lot more work than anyone who is not a writer really understands. Second, 99.999% of people who try to write novels are terrible at it. And even if you can write a good enough novel to get published, you'd be lucky to get a few thousand dollars as an advance, and would end up averaging far below minimum wage for all your hours of work. Illegal immigrants make more money picking lettuce than the average novelist. Lastly, as a writer who has published a number of short stories and written (but not published yet) a novel, I hear this suggestion a lot--write a novel (it's easy) and make a lot of money. The truth is that any woman who can write and publish a novel while caring for three small children is an amazing, exceptionally talented, hardworking human being.

Anyway, it would be much more lucrative to work nights at Starbucks than write a novel. Only people who feel absolutely compelled to write a novel, and/or have good reason to think that they know how to write (having been paid real money for your writing is a clue) should tackle novels.

Re: spend less than you earn - the wrong way to think

Steve — Wed, 02 Jan 2008 22:30:21 -0000

Thanks mbhunter, Cindy S, YooperSmith,Catherine and Debbie M! I'm glad you've found the post helpful - I like Catherine's point about attracting money into your life. You have to have the right attitude to do that. I hope some of the tips work out - let me know if they do!

Re: spend less than you earn - the wrong way to think

Debbie M — Wed, 02 Jan 2008 21:32:45 -0000

Another way to earn more is to focus what you do at your regular job on things that are likely to increase your income in the long run, by getting you more clients or qualifying you for a big raise, a promotion, a more highly-paid job elsewhere, etc. I see Ruth's comment as an example of this.

Thanks for all the suggestions. I have also tutored and scored essay questions on standardized tests, and I've heard of people proctoring tests, teaching informal classes, and delivering phone books.

I'm much better at thinking up ways to be frugal than ways to increase my earnings, so I really enjoyed this entry. I'm going to think about selling something on etsy or cafe press.