If somebody is telling you to

- cancel @netflix Netflix
- stop drinking @CostaCoffee or @Starbucks

They are not really psychologically helping you.

Let me explain why

Thread

WRONG ADVICE

This is NOT the solution to becoming wealthy

saving $8 per month on Netflix
saving $4 per coffee

The average person would visit a coffee shop once a week = $16

Netflix is a monthly sub = $8 - $12 per month

(with some great documentaries)

Now this is based on the average consumer, the middle class.

If you spend more, then you must recognise that moderation is important.

Dont waste money, but stopping these things wont hugely impact

DANGEROUS THINKING

This contributes towards a SCARCITY mindset

Hear me out;

Scarcity due to subconsciously making one feel there is an finite amount of money

But money is simply numbers, which are infinite

There is no shortage of money

UP-SKILL

What you actually should look to do, instead of save money

INCREASE your income

by using your spare time to learn a new skill that pays more

SKILL IDEAS

1. Copywriting
2. UX Design
3. UI Design
4. Web Design
5. Email Marketing
6. Flipping products
7. Dropshipping
8. Online Shops

Any one of these are simple ideas for you to get started

For more ideas check out my friend's thread

https://twitter.com/AskTheGiver/status/1293223305852354563?s=20

COUNTER PRODUCTIVE

Reducing minor expenses which are actually adding to the

quality of your life is counter productive

You are not here to just float through life, you need to enjoy life too

SUMMARY

Develop a GROWTH mindset
Level up your skills
Enjoy life (but dont waste money)
Take ACTION

RT this thread to help educate more people

Here is the top of the thread https://twitter.com/theincometiger/status/1293567891636465665?s=20