You earn more than enoughâso why doesnât it feel that way? Join 1,000+ high earners reclaiming control over their money. Real stories and simple insights from me and my clients that will change the way you feel about moneyâ1st & 3rd Thursdays.
Hiding money isn't the answer
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I used to be a money stasher. I'd put cash in little places around the house, including in books and boxes in the closet. I opened multiple bank accounts and stashed money in where I hoped I'd forget to look. I really enjoyed "finding" money later. It felt like a nice surprise, and I guess it made me feel financially secure in the back of my mind. My own little version of, "There's always money in the banana stand!" In 2014, I discovered a bank account with $4,000 in it that I'd completely forgotten for over 2 years! As a coach, I really enjoy hearing about all the creative methods people devise to solve their money issues. At the end of the day, there's one thing that works for EVERYONE. Honesty. The founder of YNAB has referred to the platform as a tool for "ruthlessly rooting out self-deception." I love that. What type of self-deception was I engaged in when I was hiding money from myself? I'll let you speculate! đ Over the coming weeks, I'd like to explore some of the ways I've been involved in self-deception and how budgeting [the right way] has helped me become a more honest, integrated human being. That's right. Money is deep. Buckle up! Have a great week! Tyler Please consider inviting someone you know to subscribe. â¤ď¸ |
Stop Feeling Broke.
You earn more than enoughâso why doesnât it feel that way? Join 1,000+ high earners reclaiming control over their money. Real stories and simple insights from me and my clients that will change the way you feel about moneyâ1st & 3rd Thursdays.
You work hard. You make good money. So when you see something you want, itâs easy to think. "I deserve this." And you do! But hereâs the tricky part...if every purchase is a reward, your expenses will always rise to match your income. I literally wouldn't have a thriving money coaching practice if it weren't for this apparent law of the universe. This is how lifestyle creep sneaks up on people. You get a raise, a bonus, or a higher-paying job, and without even realizing it, your ânormalâ gets...
Many people think managing money is about self-control. Resisting impulse purchases, sticking to a budget, and having the willpower to say no. But personal finance isnât about willpower. Itâs about decision making. Think of it like a muscle. If youâve never actively decided how to spend your money, if youâve never practiced weighing trade-offs and making intentional choices, then that muscle is weak. And like any weak muscle, it wonât magically get stronger on its own. I see this firsthand...
Last month I sent an email about the small, frequent, forgettable purchases that quietly drain your money. I concluded that the best way to stop the leak was awareness. But since then, I realized I donât actually agree with myself. Awareness is valuable, but knowing where your money went after you spent it isnât the same as stopping the leak in the first place. The real problem isnât that spending is invisible. Itâs that we donât decide before we buy whether a purchase aligns with what we...