Hey Reader,

You’ve probably heard the common financial advice that you should cut out the daily Starbucks trips, spend less money on clothes, and eat out fewer times per week.

But you’re not going to save your way to wealth avoiding one latte at a time.

There’s something to be said for enjoying the small comforts in life. Ramit Sethi talks about this in his book, I Will Teach You To Be Rich. If you grew up poor, or in a household where there was a lack of resources, you likely learned a mindset of scarcity. You might’ve internalized a belief that there isn’t enough money out there.

Naturally, your default state is to preserve what you have rather than to go out and generate more.

This isn’t to say we should be reckless with money. But rather than be frugal in all areas of your financial life, decide what is most important to you, spend on that, and cut back everything else.

• I have a friend who spends very little money on his apartment but a small fortune on his car.
• Another friend spends an ungodly amount of money at Starbucks.
• I even had an accounting professor in college who was very financially conservative but loved to buy fancy shoes.

All of these people made a purposeful decision to spend their money on the things they care about.

Instead of feeling guilty every time you spend money on something that isn’t an absolute necessity, decide what's important to you personally. Cut out the things that don’t bring you joy and otherwise bleed away your monthly budget, and invest in what you care about.

For me personally, that’s travel. I love traveling, but that actually brings up another point: Money is only half of the equation.

You also need to spend your time purposefully. Just as your money disappears before you realize where it’s gone, so does your time. Your time is spent in small chunks here and there that can add up to an entire day wasted.

A lot of productivity talk focuses on optimizing your time so you can get more done. But more important than getting more done is spending your time on what you value most.

Rather than cut out purchases because they’re “wasteful”, cut them out because they’re not what you personally value.

Rather than cut out activities because they’re “not productive”, cut them out because they’re not what you care about.

Decide what task you’re going to complete before sitting down at the computer. Decide what you want to spend money on before you go shopping.

Don’t let other people (or algorithms) decide what you should be spending your time or money on.

Whether it's time or money, spend purposefully.

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PODCAST

Making Decisions and the Truth About Trusting Your Gut

In episode 7 of the Billion Dollar Creator podcast, we dive into decision-making and the idea of trusting your gut.

You know how it feels when your gut says something isn’t right. But should it be trusted? How can you look at your track record and decide whether or not you make good choices? And how can you make better decisions? Tune in this week to find out.

​Listen to episode »​

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CONVERTKIT

Increase course and membership sales with ConvertKit’s Mighty Networks integration

We're excited to announce we developed a deep integration with Mighty Networks because they share our values in supporting creators and entrepreneurs to make a living online doing what they love.

Mighty Networks makes it easy to customize the way you build, connect, and monetize your community—whether it’s cohort-based courses, weekly events, or however you choose to deliver your content.

Now you can:

• Sync all your Mighty members into your ConvertKit account
• Tag all your Mighty members for you to easily segment
• Automatically unsubscribe any Mighty members who are removed or have left
• Access content blocks from Mighty in any Broadcast and Sequence emails

​Learn more »​

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Have a great week!

—Nathan