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”

When we’re not in college anymore

20 Comments- Get free updates of new posts here

0 0

One of my friends pointed something out that I thought was pretty interesting: Things change once you graduate and start earning money, but sometimes our mindset doesn’t change as fast.

A little while ago, a bunch of us got invited to a birthday dinner for one of my friends. Someone had planned it and invited us, and of course we all checked out the restaurant URL in the email. “Oh man,” a few of us said, because the entrees were about $25-$30 each.

To put it in context, that’s expensive, but not that expensive for a nice place in the Bay Area. The thing was, we all just thought, “that’s a little expensive for a birthday dinner.” Why? It wasn’t a rational objection, since we do dinners out like that once in a while. I guess for me, it was the thought that, ‘hey, this could be expensive for a lot of people that are obligated to come because it’s a birthday dinner.’

Another friend and I were talking about this, and she gave me a different perspective. “We have to realize that people earn money now,” she said. “We’re not college students any more. It’s ok to spend money on some things.”

I hadn’t thought of it that way before. Things have changed–most of my friends have great jobs and $30 or $40 isn’t a huge hardship. Yet a bunch of us (myself included) are still in the college mindset sometimes. That’s good for a lot of things, but not everything.

But after she pointed this out, I thought, hey, she’s right–it’s ok for a birthday dinner. On the other hand, who cares what I think? It’s not really my perspective that’s important, but the person’s for whom a $40 dinner isn’t feasible. So I’m trying to reconcile these 2 ideas.

Of course, my friend isn’t saying that we should do these dinners every day. But her point–that when you’re earning money, it’s ok to pay for certain things–is something I agree on, and it took her pointing it out to really realize it.

I’ll write more on this later, but this occurred to me yesterday when I paid a little extra for something I wanted done just right.

0 0

Related Articles


Time management for “busy” people

Would you agree with any of these statements? “I’m busier than most people” “Whenever I try to manage my ...

Read More

It’s my birthday. 3 things I learned

Today is my birthday. Every time one of my friends has a birthday, I ask them to share some birthday ...

Read More


0 0
  1. I’m getting used to this mindset myself. I graduated this May and have been working full-time at a great job since January.

    When I moved into my new apartment, I freaked out when I realized just how much I needed in the way of furniture, appliances, etc.

    But the thing was, for the first time, I could actually BUY it without worrying about still making rent that month.

    So I made a list of items I needed in order of priority, and have been making my way through it with each paycheck.

    Couches one week, washer/dryer the next… I’m just about done with the list now and even AFTER Roth IRAs, savings, and 401k I have a little extra money to burn.

    It’s a very nice feeling, past the initial freak-out.

  2. I totally agree. My sister in-law and her husband were in town last week, so we decided to go to the lake. We rented a boat – cost us like $450 for a single day (ouch!). At first I was hesitant, but the day turned out great. The weather was perfect and we had a blast. So I agree, occasionally spending cash on non-tangible items is perfectly fine.

  3. Big spender, big spender eh.

    Everyone likes to pretend to be open with their money. Yet these people are stingier than they make it out to be. Just ask them to share and they get incredibly offensive. Otherwise you’d see a lot more “PS I know this is restaurant is expensive so I’m willing to pay for anyone who asks” at the bottom of invitations.

    The real test for this mindset you write of is whether or not one is willing to pay for others. It’s easy to be generous on oneself; self indulgence is not generosity at all.

  4. You have to be careful though. Having just graduated myself, the fact that I now have money is awesome! And very tempting. The first thing I say to myself is, “I worked really hard and waited so long to buy…” But if you automatically change your midset to think that you can all of a sudden afford more expensive things, it’s going to be a while until you’re rich. Granted, you can upgrade from Ramen noodles every night, but I am of the opinion that if I can keep at least some of my college financial survival skills then I can make more money faster.

  5. imho, this might be a perspective that changes as you age. I’ve been out of college for a decade and a half and my groups birthday dinners are trending away from restaurants. it’s hard to get good service for 15-20 people, some have kids and, push comes to shove, a $30-40 meal isn’t better than any of us could create on our own. on the other hand, it’s nice to have someone clean up after us. 🙂

  6. congrats on waiting and paying for things with cash, Mark H. Its an increadibly nice feeling to pay for larger items out of pocket rather that financing everything. jason also makes a excellent point. The fact is that most young couple spen their first 5-7 years of marriage trying to attain the same standard of living that it took their parents 30 years to do. Slow down. Enjoy the moment and be happy with what you have. Don’t let stuff define your happiness.

  7. I think “spending it” less obvious and probably more counter-intuitive to the whole “save money” and/or “get rich” initiative. But I think it’s important to realize that after a certain point, you need to do something with your money otherwise, the value of that money is still nothing. “Value” can be intrinsic value, sentimental value or some other type. After you reach a certain sum, your money is useless if it’s not used.

    If the thing you buy significantly appreciates in value (real estate, for example), then you would have beaten inflation. If the thing you bought depreciates in value, but you’ve gotten good use out of it (car, lawnmower, laptop, vacation, nice dinner with great friends), then you would still have “gotten your money’s worth”.

    I think it’s about balance. Win some, lose some. Make some, spend some. It’s the wisdom to hold that balance that makes life manageable in wealth and poverty.

    — J.

  8. The problem is that people make different amounts of money. Some people make hefty salaries, others are starving grad students.

    One time, I went to a birthday dinner for my friend Kristin. The attendees ranged from high tech marketers and engineers to humanities grad students.

    We ate at Crustacean in San Francisco, an excellent but pricey place. That was the first mistake.

    The second mistake was letting my friend Joseph order the wine. Joseph is 1) a huge wine snob, and 2) doesn’t care about money because his family is rich. Soon the $100 bottles were flowing.

    The final mistake was allowing people to order as many appetizers as they wanted. One guy ordered his own appetizer, not to share. Kind of a dick move. So my other friend Dave decided to punish him by having the waiter bring us the appetizer, which we proceeded to enjoy while the own appetizer guy fumed.

    The end result of all of this was a tab that ran to well over $100 per person, and this was nearly a decade ago.

    I ended up having to cover a couple of my friends who nearly fainted when the final bill came.

  9. “when you’re earning money, it’s ok to pay for certain things”

    Yes, we can spend money for certain things. But we cannot spend money for all the things we would like to have, to do or to enjoy.

    Who defines what these certain things are? Only you should do it for yourself.

    Would you tell one of your friends into his face that you would rather not see him if he finds the restaurant too expensive for his budget or college debt?

    Things like restaurant dinners tend to escalate pretty soon. Where is the stop signal?
    Very often, as soon as a brave person states “I am sorry but this is not in my budget” some others feel releived because they see it the same way bur did not dare to speak out.

  10. Praveen Srinivasan Link to this comment

    I think the mindset is that we now have to think of ourselves as consumers – in some sense, it’s almost our responsibility or duty to spend the money we earn somehow (investment is just another way of spending it, albeit a very constructive way). That’s what makes the economy work.