Community Extras – Week of 11/08/21
Good morning! Here are this week’s bonus tips and nuggets from around the community. To get these every day in your inbox, sign up to our daily newsletter where you’ll see these faster, as well as our top 3 curated articles every day!
👉 100 Day Rejection Therapy
Have you ever heard of the 100 day rejection therapy? The author, Jia Jiang, spent 100 days getting rejected by asking for numerous random things. Some requests got fulfilled, like getting a free donut, and other requests got denied, like interviewing President Obama. Does it matter? Nope.
He’s right back to where he was in the beginning anyway. That’s the number one lesson in if you don’t ask, you don’t get. Nothing bad is going to happen to you. People aren’t going to chase you up and down on the street and call the cops for you asking. That’s just your fear talking to you. Swat that fear away.
👉 Buy Once, Cry Once
‘Buy once, cry once’ is a popular budgeting ideology that involves buying high quality items rather than trying to save a buck. Low-priced items usually don’t last, so the idea is that you’ll save money in the long run by purchasing well-made products.
A $20 pair of shoes may look like a good deal at first. But you’ll probably have to replace them after a few months when the sole wears out. So it’s actually more economical to buy a $50 or $75 pair of shoes that you can wear for years.
👉 Trending in the community lately:
Series I U.S. Savings Bonds (aka “I Bonds”)
- Getting a 7.12% Return With Series I Savings Bonds
- This Is the Best Investment for Your Money Right Now
- How (and Why) to Buy I Bonds from Treasury Direct
👉 Owning Your Decisions
“My granny used to say, let your yes, be your yes, and your no be your no.” There’s something about owning your decisions that attracts wealth. So many of us straddle the fence with our choices when we are wishy-washy, and there’s no commitment.
Decisiveness is another principle or way of being, according to Patrice. “A healthy respect for money and being in a place of gratitude is definitely a wealthy habit. I don’t believe that money is attracted to whining and complaining.” On the contrary, wealth is attracted to gratitude, to being in the space of giving.
She reminds us to express joy and gratitude because “When you’re in a place of whining and complaining, you verbalize, magnify and magnetize.” When you’re not speaking life and coming from a place of gratitude and respecting what you already have, then you’re hurting yourself energetically. So send that energy out that you want to attract back to you.
👉 Happenings around the community this week:
- Total Balance gets a new job
- The Wealthy Finn crosses 700,000€
- Out & Out purchases a home in Oklahoma City
- Mr. Our Next Life gets in a serious biking accident 🙁
- Meaningfulmoney gives a tour of his studio
- Crispy Doc takes a break from blogging
- Dividend Strategy redesigns his blog
- Berna Anat launches a new podcast: Money Please
- A Wealth of Common Sense launches a new podcast: Portfolio Rescue
- HowToSaveMoney awards the 2nd annual HowToSaveMoney scholarship
- From One Geek to Another impulse offers on an investment property
- A Smaller and Simpler Life gears up for a Teapot Challenge
- HisHerMoneyGuide dips their toe in credit card churning
This week on All-Star Money:
- Bridget Casey from Money After Graduation wins this month’s Best Article of The Month award for her post on Unbudgeting – check it out!
- A fun Twitter thread going on: Tell me you’re into investing, without telling me you’re into investing… in one gif
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