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Escaping the mindset of a poor person, help please.


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33 replies to this topic

#1 Brokenbad

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Posted 19 January 2013 - 02:51 PM

I love my new job, it is a dream come true.

I make twice as much in one paycheck as I did in one month with my old job, PLUS I have unbeatable benefits, my rent and health care are now completely covered in addition to my increase in pay.

I have never been wasteful with money, but I didn't have a dime to spend when I was with my old job, in fact, I was behind on bills and most of the time we did without. We faced some really hard times.

Having said all of this, it is hard for my wife and I to escape the mindset that we are still broke. We buy groceries and we still spend as though we can barely afford them, we still worry our credit cards are going to decline any time we purchase something, and we still refrain from buying anything name-brand or more effecient.

Is this a bad thing? Should I change my mindset?

#2 pstall

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Posted 19 January 2013 - 03:04 PM

if you can keep part of this mindset, it's not all bad. but you don't want to be a penywise and a dollar foolish.

if you wonder about the credit cards not going thru, thats easy. just don't use them and pay them down if the angst is at that level.

there are times we might be rolling and other times we have to hunker down and say no to lots of things. just part of life and as long as you value important things, it will keep you having a good perspective.

#3 The Saltman

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Posted 19 January 2013 - 04:13 PM

Make a budget and make your money do what you want and don't spend a penny more.

Pay off your credit cards and trash them.

Win win.

#4 Doc Holiday

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Posted 19 January 2013 - 04:50 PM

I would payoff all credit cards and then if you are making enough put away a years worth of salary for a rainy day fun. That mind set isn't bad, my problem is I like expensive toys and eventually go oh what the hell and buy it

#5 SOJA

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Posted 19 January 2013 - 04:52 PM

at least its not the other way around, an over-spender in a situation that requires a bit of frugality

#6 bLACKpANTHER

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Posted 19 January 2013 - 05:05 PM

http://www.audible.c...CFct7QgodvWUA3g

This book helped me a long time ago.

"Where we are in 10 years is determined by who we associate with and the books we read."

#7 Lumps

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Posted 19 January 2013 - 05:13 PM

save it all

medical bills will eventually take everything...for you....for a loved one

as someone who is on their way out, take my advice, save to die or things will be very painful and very rough. not to mention leaving debt or leaving something for those left behind...greed is so underrated people still 'living' will not and do not care.

sad but true...400k is a joke, double that and youll be ok

#8 4Corners

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Posted 19 January 2013 - 05:40 PM

It's hard out here for a pimp


It's harder on these hoes tho

#9 Squirrel

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Posted 19 January 2013 - 05:52 PM

Save it for a rainy day. Because most likely you will need it down the road. Once you get a nice nest egg reward yourself and the wife. Set anothers goal limit and repeat.

#10 88 Bronco

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Posted 19 January 2013 - 06:31 PM

If you have disposable income, you might want to start saving or investing. It is never a bad thing to live below your means.

#11 Brokenbad

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Posted 19 January 2013 - 06:56 PM

If you have disposable income, you might want to start saving or investing. It is never a bad thing to live below your means.


I have been putting 10% of my checking account into savings every week, so far so good, thanks for the good advice everyone.

#12 KillerKat

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Posted 19 January 2013 - 07:10 PM

You could give me the extra money that you have with your new job until you are actually poor again. It's a win win.