Living Within Your Means… Is it Worth it? Maybe Not After All

Find out the better way to live than within your means

Brief thoughts:

“If you want to live decent, live within your means, but if you want to live prosperously, live below your means.” – Economics Professor no one would know

If you have to financially stretch yourself to sustain your current life-style, odds are you’re trying to live beyond your means. Why is that bad? Because if one financial domino tips over in your life, so will all the others… Usually.

Living within your means is good. However, if you want to advance your current position, that won’t get you there too quickly. That’s why Dave Ramsey loves to say “if you want to live like no one else, you need to live like no one else.”



This is what he means: If you want to be financially healthy, you need to be radical by doing what it takes to get there. For some time, you may have to live below your means. What does that mean? Most things are self-explanatory, but here’s a start:

– Muster up your will power

– Discipline yourself in your spending and saving

– Kill the debt & resurrect the savings

Whatever economic ‘bracket’ you’re in, own it. Don’t focus only on being a savvy spender, be a savvy saver! For a couple of savings tips click this for wisdom.

It may be tough to live below your means, but it has been proven to be beneficial in the long haul…

If you’re serious about it and feeling rather radical about it, consider reading The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness!

Be sure to follow us via email!!!

Cheers & God Bless

Matt
DISCLAIMER: This post contains affiliate links of the products that I recommend, which means if you purchase products through the link, I’ll receive a small commission. This helps support the blog and the time and effort put into it. Thank you for the support!!

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Life
18 Comments on this post.

Leave a Reply

  • Marie Christine
    21 February 2017 at 2:09 pm
    • Matt
      21 February 2017 at 2:24 pm

      Haha sorry if I offended! I’m glad you enjoyed the post, thanks for commenting!

      Leave a Reply
      • Marie Christine
        21 February 2017 at 2:25 pm

        Oh no not offended just the opposite. I dream of my students using the information they learned…they can call me anything they want! 🙂

  • Lawyer Momma
    4 March 2017 at 2:59 pm

    Oh so true! Being able to retire early and with having plenty of money is worth so much more than driving the latest car, regardless of the deal you got on it! Great post!

    Leave a Reply
    • Matt
      4 March 2017 at 3:02 pm

      Thanks for commenting! Patience and resilience can prove to be profitable! 🙂

      Leave a Reply
  • tourwithbrielle
    14 March 2017 at 8:39 am

    Great post! I’m a firm believer in frugal living. Even if I don’t need a discount, I’m going to hunt for a good deal. My dad was able to pay for my college education in full, because he’s frugal. Not because he’s wealthy. You can live a “wealthy life” and have a lot of worthless things!

    Leave a Reply
    • Matt
      14 March 2017 at 9:46 am

      Wow! So true! Im with you. It’s all about being able to responsibly handle money with a good perspective! Your story is a great example! Thanks for commenting Bri!

      Leave a Reply
  • Tooting Hustle
    21 March 2017 at 9:18 am

    I love the part about ‘Economics professor nobody would know’! I study economics, but I probably still wouldn’t know ahaha

    Leave a Reply
    • Matt
      21 March 2017 at 9:50 am

      Haha it was one of my professors from college! He was a good guy! Thanks for commenting, I’m glad you enjoyed the post!

      Leave a Reply
      • Tooting Hustle
        21 March 2017 at 9:55 am

        Ah cool, where did you go to College?

      • Matt
        21 March 2017 at 9:57 am

        Cairn University. Small school in PA!

      • Tooting Hustle
        21 March 2017 at 10:45 am

        Ah cool, I’m in the UK so you probably wont know mine haha

      • Matt
        21 March 2017 at 3:38 pm

        Oh nice! I probably wouldn’t. But just out of curiosity what is it?

      • Tooting Hustle
        22 March 2017 at 5:52 am

        University of Surrey, in Guildford 🙂

  • josypheen
    1 April 2017 at 3:05 am

    I think sometimes I am glad that I was so poor at university and when I first moved back to the UK after the financial crash in 2008. I managed to live (and save a little) on a very low income.

    Now I earn a bit more, I just didn’t change the way we live much…so we find it easy to live below our means. I think it is really important to try to save a teeny bit, no matter how little you earn.

    Leave a Reply
    • Matt
      1 April 2017 at 10:52 am

      Those were rough times after 2008! But you’re right, sometimes we dont realize that it’s more than possible to live below our means and it’s actually more profitable in the long run to do so! You have a great story my friend and fits in perfectly with this post. I totally agree with you on the savings btw. I’m planning on posting about saving in the very near future!

      Leave a Reply
  • ceolsigehanna
    7 April 2017 at 11:37 am

    I can already tell I will enjoy following this blog. This is great advice –and I know it to be true.

    Leave a Reply
    • Matt
      7 April 2017 at 12:15 pm

      Aw thank you! I really appreciate that! I really hope you enjoy. Im glad that this post spoke to you!

      Leave a Reply
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