The Mindset Of A Super Saver
Have you ever heard, “I wonder what he was thinking when he did that”? The question asks what the mindset of the person was.
Our mindset is so crucial because we decide what to do then we do it. Our philosophy tells us what’s right and wrong and what’s acceptable.
The mindset of a super saver is the same as any other mindset. They decide, then they do.
The mindset of a super saver is to save more money than most. They make the decision and do it. They are debt free, drive modest vehicles, and look for reasonable prices. And find new ways to save money.
The mindset of a super saver is what causes them to do what they do. They know it will require sacrifice and determination.
Anyone can be a super saver if they have the right mindset. If you need some time to help you become a super saver read my article “Tips To Help You Become A Super Saver”.
The Mindset Of A Super Saver
What Is Mindset
Mindset is the established set of attitudes held by someone.
The mindset of a super saver is that saving money is important. Super savers are willing to sacrifice today for what they want.
Super savers take advantage of different ways to save money for their long and short-range goals.
Super savers have a sense of urgency. They don’t procrastinate saving money. They do it now.
Super savers are debt free because being in debt costs money.
You Can’t Have Everything
It’s important to know you are trading money for what you want. When you trade your money for something, essentially, you are trading your life away. Make sure you trade your life for what you truly want. And it’s also important to know you can’t have your cake and eat it too. It’s all about trading something for something else.
You can’t have everything. Decide what you want.
What You Want
We all want more than we have. We all want better than we have. But the question is, what do you want?
I know, I know, we all want the private jet or huge yacht, or quit your job. But that’s just a wish list. If you want something, you are willing to work and sacrifice for it. You are willing to do what it takes to get it. So what do you really want?
Your Why
Now that you know what you want, why do you want it? Sometimes the why is more important than the item you want. For instance, maybe you want to quit your job. But why do you want to quit your job? You could have worked there for thirty years, and you want a change. It’s not that you want to stop working; you want to change jobs.
Nothing wrong with that.
Maybe you want to retire at a young age because you want to travel or help with a charitable organization like the peace corps., or Nurses without borders.
Your why is important.
Be Willing To Find Ways To Get What You Want
The standard answer is to save your money. And, indeed, you should save money, as much as you can. But it’s not always the only answer. If you wanted to return to school, you could receive a grant instead of spending your money. Maybe your partner, spouse, or employer will help you.
Some people want the vacation of a lifetime, and they know if they buy it; It’s going to cost a small fortune.
Yes, save money but look for ways to reduce the vacation cost. Maybe you can use Priceline for cheaper plane tickets, or perhaps you could stay in a less expensive hotel or eat fewer meals out.
Look around you and look for possibilities.
Be Willing To Sacrifice
Most people think of sacrificing as a bad thing. I don’t think of sacrificing as a bad thing; I think of it as a trade. You are trading something now for something you want.
Decide where you’re willing to make cuts in your budget and make them. If that weekly golf game is that important, then play golf every week. If your long-term goals are more important than concentrate on the long-term goals.
You may want to work a part-time job to earn more money to fund the important things to you.
It’s all about what you want. And what you are willing to do to get it.
Don’t Try To Keep Up With The Joneses
Everyone gets jealous when their neighbor is driving a new car. All this time, you thought you were on equal financial ground, but now they are driving a new vehicle, and you are not.
This is true of everything from the vehicle they drive to the vacation they take, and now they are showing you pictures and videos of where they vacation.
How can they afford to do that?
The simple truth is you don’t have all of the details of their lives. You don’t know if they are carrying two hundred thousand dollars of debt to be jet setters or if they made a wise investment years ago that has now started paying off big dividends.
Keeping up with the Joneses is a lousy plan for three reasons 1. They may not want the same things you want. 2. You don’t know their finances 3. If you can keep up with the Joneses, you are not focusing on yourself and your wants and desires.
Focus On You/Mind Your Own Business
You may have some similarities and share some likes with others, but there are still many differences between you and them. You both may want the same things, but one thing will be more important to them than you. Also, the terms of having that one item may differ between you and them.
For instance, you may want a new car but refuse to make car payments because you believe debt is wrong for you. Your neighbor is ok with making car payments. He believes making car payments is a part of the American dream.
You are aspiring to be a super saver, and he isn’t. There are a lot of differences between you and your neighbor.
To thine own self be true. Or in other words, don’t do things against your nature. You have decided to be a super saver. Be a super saver.
Conclusion
The mindset of a super saver is they are willing to budget, plan, sacrifice, save, and mind their own business to get what they want.