Join my FREE business growth workout!

And I'll show you how to grow your business, work less and make more money with proven strategies that work right now...

  • get more clients without cold calling
  • reduce costs, without cutting service
  • know your numbers, without knowing numbers
  • what tools to use to make you more productive
  • Plus much, much more

Get Instant Access To My Free Business Growth Workout

Work With Me

You, Me, Big Results.

Learn More →


Regularly updated straight from the vine

Learn More →

FREE Resources

Not your average Business Toolbox

Learn More →
Home » Random

Spend money on the things you love

Spend money on the things you love

If you’re trying to loose weight and you go on a crash diet, sure you’ll loose some weight, but eventually it will all get too much for you and before your know it, you’ll  hit the chocolate and biscuits again. And you’ll be back to where you started. It’s just not sustainable.

So it follows that you aren’t going to get rich by cutting out all spending. Getting rich is not about stopping spending money on your morning latte at Starbucks if that’s what you like to do.

Forming Habits

Getting rich is just like keeping fit.  Whilst keeping fit is about eating sensibly and exercising regularly, getting rich is about setting yourself a standard which is sustainable, for you,  over the long term.

A friend of mine told me that when he moved to Hong Kong he was told by his boss, who had been in Hong Kong many years, “spend only what you can afford.”

Sounds obvious right?

But what he meant was, just becasuse other people are spending large amounts of going out and having fun, doesn’t mean you should too.

You don’t have to keep up with everyone else.

If a habit is going to stick it has got to be sustainable and it’s got to be enjoyable.

So it follow that to get rich you might even have to spend more money.

But remembers, spending money is not the same as wasting money.


It also means that you have to be realistic about what you can afford. Just because  you may love to drink Champagne but if you’re only earning £100 a day you’re not going to be able to have a bottle everynight with your evening meal.

It also means that you should resolve not to get into debt just to fund your purchases (you’ll have learnt that though from the How to Control Your Debt )

Cut the costs on the things that aren’t important

If things aren’t important to you then whey would you spend more money on them than you had to?

Things like car insurance, household insurance, paying for your utilities etc, I’m guessing aren’t that important to you. Who really cares who provides your gas or electricity? Will cheaper electricity work when you plug your kettle in or will the light come on when you press the light swich button?  Trust me here, it will.

If you’re renting a place becuase it’s convenient for work, is it worth living a few streets away and saving on the monthly rent to allow you to fund a holiday or study for a course?  You can always walk to work and save the gym membership!

Cutting expenditure on the things you don’t love will free up money to either pay off debt, save or spend on the things you actually do care about and love.

Spend Money on Things That Matter

Spend money by investing in yourself. Continuous learning is one of the best investments you’ll ever make and prevent your skills becoming outdated. Don’t worry, that doesn’t mean you have to spend years at college or university, there’s plenty of ways to learn new things quickly.


Spend money on books. Books can change your life and it’s one of the cheapest and quickest ways to learn a skill, get an idea or learn the collected wisdom of someone’s lifetime of experience.

A self made millionaire who studied 1200 wealthy people found that they had one free pastime in common – you guessed it they read.

If you want some books to get you started, here’s 40 books that made me money.


Spend money on coffee. If you invited a potential prospect or someone you admire out for a coffee and you got them to tell you about themselves and you repeated this with a different person every day for a month, then don’t you think you’d be better off at the end of the month than you were at the beginning?

Improving yourself

Spend money on learning a new skill – here’s 26 websites where you can learn new skills – the new skills could help you do more work that you can charge higher prices for or allow you to ask better questions and get better results because you know what to ask.

Improving your business

Spend money on your business. If you know that spending money on Facebook or Google Adwords will grow your business. Spend more money on advertising. If you don’t know how to improve your business. Spend money on a one hour consulting session.

So what do you love?


  • Tom | Build That List said:

    That is a really good point! I recently changed my car insurance to find something cheaper. As long as they provide the same thing as my previous provider then I always just go for price 😀
    .-= Tom | Build That List´s last blog ..Finding the Perfect Temperature For Your Mailing List =-.

  • Eleanor Edwards said:

    I couldn’t agree more Matthew and it ties in with two things that happened in our household just this past few days. The first is to do with my husband’s passion: sport. More specifically, watching sport. About nine months ago we got fed up of paying £50 every month to a certain well known company so that they would provide my husband with sport in one room and my children with Kid’s tv in another room. So we cancelled our viewing with they-that-shall-not-be-named and everyone got used to Freeview.

    However, the company invited my husband back with a half-price for 12 months offer and because he works hard and he loves watching sport, he said, “yes please!” The great thing is that it’s all now in one room which means hubby and children are going to need to practice their communication and negotiation skills. Never a bad thing to practice at home first 😉

    And as for my loves, I love what I’m doing online. It is my hobby, my passion, my philanthropic work and soon hopefully, my business too. So what did I spend money on last week to reflect this? I got the little laptop that we discussed a week or so ago. I was going to go for an inferior alternative but based on what you said today, I’m very glad I didn’t 😉
    .-= Eleanor Edwards´s last blog ..Virgin to the rescue? It’s possible but we’ll need your help =-.

  • Matthew Needham said:

    Well thanks for sharing your stories Eleanor. Funny you should mention that TV company. We are going to drop the movies channel and just buy films on pay per view.

    Doing without something for even a short time makes you decide whether you really want it or not.

    So it’s good to hear everyone is happy in the Giveabrick household.

  • Karen said:

    Hi Matthew,

    What do I love? I love books. I know I probably have too many but I believe in investing in myself and that’s the one area that I have no problem spending my money. I figure since I don’t drink, smoke, or have a lot of other vices, the money is spent on something that brings me a lot of entertainment, knowledge, and resources. I have tried cutting back on the number and type of books that I buy, but it doesn’t last long. I have just accepted that I am an avid book lover 🙂

    I agree that when we try to lose weight that a crash diet is not the way to go about it. It needs to be a conscious decision to put certain healthy foods into your body, rather than the unhealthy foods. Plus, it’s a lifestyle that is adopted, anything else you would not be able to sustain. Easy to say, but very hard to do sometimes.


  • Matthew Needham said:

    Yes you’re absolutely right Karen.

    Which is why for many people following the 80% rule, eating (or spending) well 80% of the time is far more sustainable than doing it a 100% then failing after a couple of weeks.

    On a separate note, I too love books. Have you been tempted by an ebook reader or maybe the new ipad?

  • Karen said:

    I have held out against getting the Kindle or any other ereader. I like the feel of a book in my hands, besides I have so many other electronic toys that I don’t need another one 🙂
    .-= Karen´s last blog ..What Would You Do If You Knew? =-.

  • Matthew Needham said:

    Good point! You’ll need an extra suitcase just for all the chargers!

  • Eric said:

    Cutting down on things just a bit and figuring out what works for you with what money you have is great. I especially have to learn about this one myself. And with our new baby coming it’s going to be a blessing because we’ll be doing even more of this! 🙂

    Too many people think they have to give up what they love and the reality, not the dream, but honestly the reality is that they just don’t have to. Cutting back is one thing and giving up completely is something entirely different.

  • Paul said:


    Spending on the things we love and cutting back on non-essentails is a great way to keep a check on overspending. I like your link to the 80/20 rule in your response to Karen.

    A great post.


    .-= Paul´s last blog ..Performance Related . . . =-.

  • Chris C. Ducker said:

    Matt – great stuff, mate. Seriously.

    I remember something my father once said about money – he said that its not something you should worry about too much – instead, just enjoy using it to get what you want in life.

    You hit THIS nail right on the head.


    (virtual diet coke can clink!)

  • Matthew Needham said:


    Thanks for your comment Chris. All too often we spend money on things we not only don’t love we just don’t care about. Just as you focus your attention (and time) on moving your goals forward, it stands to reason that the money you spend should help move them forward too.


  • Ben said:

    Thanks for this Matthew

    You’re completely right in that you should cut costs on the things you don’t love and keep doing some of the things you do love.

    I take the same approach will young people who I’m motivating to take exams. By completely removing all the fun parts of life in order to get all of their revision done is not fun and they usually burn out. But by having a mixture of the fun stuff and the study stuff means that life is much more enjoyable
    .-= Ben´s last blog ..It depends on the polar bears. =-.

  • ayo said:

    hello mathew,
    how are you?
    thanks for posting this.
    i received an email from my broadband provider about 30mins ago stating there would be an upgrade on my line blah blah and was thinking of the possibilities of downgrading my package because i dont use any add ons provided with it.
    after reading this i’m going downgrade my broadband and tv package this would save 20 pounds each month.There are so many other services or things to consider eg. mobile phone (dont use up all the minutes and texts each month so i will take that into consideration when renewing contract at the end of the month.)
    i also loved this statement ‘getting rich is about setting yourself a standard which is sustainable, for you, over the long term’
    do have a lovely day
    .-= ayo´s last blog ..50 Ways To Have A Good Time =-.

  • Matthew Needham said:

    Thank you so much for your comment Ayo. I am indeed very well and I hope you are too. I’m really pleased that the post has inspired you. Just make sure you use the £20 to either pay off debts or save in a savings account.

  • Dev | Technshare said:

    Thanks for this great post and that is a really good point!:)
    .-= Dev | Technshare´s last blog ..SEO – Your Basic Fundamentals =-.

  • Matthew Needham said:

    Hi, thanks for your comment. I’m glad you liked it.