Get my 5-day email funnel that generated $400,000 from a single launch

Want an email sales funnel that's already proven to work? Get the entire word-for-word email funnel that generated $400,000 from a single launch and apply it to your own business.

Yes! Send me the funnel now
Start Here: “The Ultimate Guide to Personal Finance”

Tip #14: Use self-persuasion to share how much you’ve saved so far

21 Comments- Get free updates of new posts here

1 0

This is Tip #14 of of the Save $1,000 in 30 Days Challenge. (See past tips.)

Today’s tip is to write down how much you’ve saved so far, AND how you would motivate others to save money. (Skip to the survey here.) If this doesn’t seem like an obvious savings tip, let me share an experiment that social psychologist Kurt Lewin did to change behavior.

self-persuasion.jpg

In World War II, the United States was facing a serious shortage of meat. The Committee on Food Habits was charged with figuring out how to keep Americans healthy without the same meat they’d been accustomed to — and instead eating intestine and kidneys — so they asked Lewin to help.

Lewin’s approach was brilliant. As Eliot Aronson writes in Age of Propaganda, Lewin convened groups of housewives, who at that time were the chief decisionmakers about food. He then split them into two groups:

Group 1 received a 45-minute lecture, which “emphasized the importance of eating these meats for the war effort; it stressed the meats’ health and economic advantages…the lecture concluded with a testimonial from the speaker about her success in serving intestinal meats to her own family.” 3% of the attendees ended up serving intestinal meats to their families.

Group 2, by contrast, spent the same amount of time discussing the problem of a meat shortage, but in this experimental condition, Lewin did something extraordinarily clever: He asked them, “Do you think that housewives like yourselves could be persuaded to participate in the intestinal meat program?” The women then discussed how that might happen. In this group, “32% of the housewives who had engaged in self-persuasion served their families intestinal meats.”

That’s an astonishing difference, and I want to apply it here. Tell me how much you’ve saved, and how, together, we can persuade other people to save money. Please fill out the 3-minute survey here:

Click here: How much have you saved so far in the 30 Day Challenge?

As a thank-you, 10 random people who will out the survey will get to pick any book from the Giveaways section of my book site. I’ll ship it to you for free.

If you liked this tip, check out my Premium tips — one long, tactical tip per week. Save money or get a 100% refund.

scrooge

1 0

Related Articles

Untitled design (6)

How to pay off student loans without thinking about it

Student loans are a big kick in the face that the real world has arrived. The average graduate has $28,...

Read More
stretching

The 4 keys to finding ambition

We’re told we should just be happy with what we have… but there’s a difference between being happy ...

Read More

21 Comments

1 0
 

Leave a Reply

21 Comments on "Tip #14: Use self-persuasion to share how much you’ve saved so far"

Notify of
avatar

Jennifer
7 years 8 months ago

I estimate that I’ve saved about $800 or so using these tips, although some of them I was already aware of.

I’ll admit, that when I first heard of this challenge, I wasn’t sure if Ramit’s advice would be interesting or lame. So far, I think it’s been about 50/50 for me, but I’m a hyper frugalist… So this is kind of like asking basic trivia of a superfan…

However, it’s good to get people motivated to save money and be a responsible consumer and American.

Becoming The Marshmallow

Steven
Steven
7 years 8 months ago

So far this month I’ve saved $760 in mostly cutbacks and basic frugality. I’m going to wait until the end of the month to show everything I did. One cool thing I found is that I had over 13000 points on my mastercard. That equals $125 in free gas cards!!!

Green Panda
7 years 8 months ago

I met my goal and with planning our vacation, we saved $852.25! Monthly savings look to be around $192.95.

I enjoyed the survey Ramit and will keep on the challenge and see if we can save any more.

Mike
Mike
7 years 8 months ago

I saved about $500 a month so far. Mostly from brown bagging my lunches instead of eating out. Just being more aware of my purchasing choices is leading to additional savings. Awareness is the key.

I am going to try and sell something this week on Ebay. Wish me luck.

Thanks Ramit!

Nikki
Nikki
7 years 8 months ago
Wow. Reading all of these tips makes me think the average American pretty much makes a big pile of money and then sets FIRE to it. People are embarrassed to shop at TJ Maxx? You’ve got to be kidding me! That’s where I go when I want to splurge. I’m also gobsmacked that people go out to lunch every day of the week. It has to be a VERY special occasion at work for me to go out to lunch. When I forget lunch, I go to the grocery store and buy a can of soup. Problem solved. And I’m… Read more »
Grad Student -  Vanderbilt, Nashville-TN
Grad Student - Vanderbilt, Nashville-TN
7 years 8 months ago

I agree 100% with Nikki!

Benita
Benita
7 years 8 months ago

So, I checked out e-rewards…Nikki if you come back here can you tell me how to get invited to be a member?

Denise Hart
7 years 8 months ago
Hi there! I love your topic and how you approach it. Right now I’m saving $800 each month. I haven’t had credit cards in 15 years. One of my issues is that I sometimes feel stress about spending money for vacations or other niceties. I’d like to have more peace about spending beyond necessities. I live a pretty much debt free life. Beyond cable, phone, car insurance, rent and internet I have one student loan payment of $100. Thanks for creating this blog. I’ll be back for valuable insights on what I might do for my own life and finances.… Read more »
Studenomics
7 years 8 months ago

I purchased all of my christmas gifts ahead of time and paid for my December vacation back in the summer. I have made November pretty much my party free/luxury free month. I haven’t done anything special this month, just school, work and hang out with my girlfriend. I have saved enough money to the point that I may go on a second vacation in March. Nothing beats escaping the Canadian winter.

Suicide
Suicide
7 years 8 months ago
wow…Nikki you are right and props for surviving on that income. I do agree that a lot of Americans don’t save much, but let me ask you this: you did all that on a $20k salary because you had to. If you lived on $60k/year in LA, would you have employed all your saving tactics. It’s great that you can get free audio equip. gently used…but if you can afford it and feel funny about owning something used (may be not audio equip. but perhaps a couch or clothes), why would you not go for it. That does not mean… Read more »
David
David
7 years 8 months ago

I’ve saved a little over 1000 so far… 😀

I’ve canceled all the monthly subscriptions i don’t need. I’ve used freecycle.org and got a dinning table for free. I take sack lunches to work which saves me about 50 a week. I just need to modify my system a little more and i’ll be able to save more. 😀

Nikki
Nikki
7 years 7 months ago

@Benita: I guess e-Rewards is invite-only now. You have to be invited via one of the sponsors; the list of sponsors is here. Borders seems to be the easiest place to get an invite from.

trackback

[…] Tip #14: Use self-persuasion to share how much you’ve saved so far […]

trackback

[…] Rich, here’s a highlight about the using self-persuasion to convince yourself to buy less. (Read it at I Will Teach You To Be […]

trackback

[…] en el blog de Ramit un artículo sobre la “autopersuasión”. Dice lo […]

Martina-Bierig
6 years 11 months ago

Great idea, but will this work over the long run?

trackback

[…] en el blog de Ramit un artículo sobre la “autopersuasión”. Dice lo […]

trackback

[…] I’m saving $2,000+ on eating out in 2009 Tip #13: How to negotiate your car insurance Tip #14: Use self-persuasion to share how much you’ve saved so far Tip #15: Forget going to a bar — ask people over for dinner Tip #16: Cancel any large purchase […]

pcarbon
9 months 16 days ago

I would also motivate just about every person to save this web page for any favorite assistance to assist posted the appearance.

wpDiscuz