All of the books that’s I read – well I don’t really read most of my books I listen to them. It saves me a lot of time, and before I get sidetracked on the point of todays post, there is a book by Ramit Sethi “I Will Teach You to Be Rich” He’s also been on several podcasts another audio platform which I love, but again we’ll talk about that another time.
So, there are many analogies to fitness and money does that make cents? … I didn’t think so either – it makes Dollars! see what I did there?
Ok but seriously what about the classic prescription for weight loss: “Eat less, exercise more,” and how it also applies to money: “spend less, make more.”
Ok, great. Those are easy to say but hard to do. Also, how far do we go in either direction?
Does “spend less” mean spending nothing at all and just hoarding your money? Does “eating less” mean just drinking water all day is the goal?
How about the other end of the spectrum? Should we be exercising for six hours a day? How much money is enough?
As a business owner I have to study psychology plenty. I know that the mind can play tricks on us when it comes to food and money, and we need to remember that we’re not machines that can simply take in less fuel or run 24/7.
In a nutshell, Sethi’s financial advice is to “spend extravagantly on the things you love as long as you mercilessly cut costs on the things you don’t.” There’s more to it, but you get the idea.I like this a lot because it acknowledges that we are human and have emotional ties to things. In his classic example, a lot of financial gurus will tell you to stop buying lattes—but according to Sethi, if you LOVE lattes, then you should buy them!
I would agree when it comes to nutrition. We can even keep the latte example. If you love lattes, then go for it! But let’s think about those chips and pretzels we mindlessly munch on at home. Unless it brings you joy, I say you pull a Marie Kondo and get rid of it.
At the end of the day, we need to realize that complete restriction is unreasonable for 99% of us, and if the ultimate goal is to be happy, then you shouldn’t … wait for it … short-change yourself.
Inspiration provided by Chris Plentus at CrossFit Kanna.