Rich people watch every dime they have, and poor people spend freely without worrying about the details. This is the simple guide to remain poor. Ignore your money, and do not worry about extra charges and fees.
Do Not Pay Attention to Your Money
If you want to be poor for the rest of your life, do not pay attention to your account statements. Banking statements, cell phone bills, cable bills and more can have fees on them that you may not realize.
If you checked these statements, you would be able to call in and have them remove these fees. The fees are only $10, $20, $100 extra, what is the big deal? Ignoring these fees (even the $2 fees) is a great way to be poor for the rest of your life.
Set all of your bills on auto pay, and never worry about another bill. Putting your bills on auto-pay avoids having to confront these bills personally every month. This avoids the internal dialogue about these bills.
The internal dialogue tells you that maybe cable is not worth what you pay for it. Perhaps you should use less electricity, and cut down you bill every month.
Such discussions are for rich people. People destined to be poor will never consider such things.
Do Not Sweat the Small Stuff
What is a few extra bucks? You can go to the fast food restaurant and spend an extra dollar here and there, after all you want to be poor for the rest of your life.
$7 meals at a fast food restaurant are a good way to remain poor.
Let’s say you ate two $7 meals a day, every day of the year. Let us say you put that meal on a credit card that charges 13% interest. How much did you spend for the year? You spent $6,498.15 on fast food for the year. If you make $30,000 a year, you just spent over a third of after tax dollars on those meals.
Let’s say you decide you can live without the soda in those meals, so you spend $6 on each meal instead of $7. $1 won’t make a difference, right?
The $1 difference means you spend $4,586.93 instead of $6,498.15, a $2,000 difference.