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When you have money burning a hole in your pocket

How do you keep hold of it instead of spending it all?

My problem is that the minute I have anything more than the bare minimum, I start thinking about upgrading my gear - computers, camera equipment, lighting, etc…

These purchases would improve my quality of life but they wouldn’t impact my business in any meaningful way - all my basic needs are well covered.

So how do I break the habit of a lifetime and learn how to be comfortable with a decent bank balance?

on November 5, 2022
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    Maybe invest right when money gets into your bank account? It would be "harder" to sell things to spend money.

  2. 1

    I ended up making a deal with myself: "I can't buy a 'big' thing until we've moved house or after 2 more months' revenue payments". I think this will level out the noise of good months (excitement, overspending) vs bad months (wishing I hadn't bought so many things).

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