Next $100

If I were to give you $100, what would you do with it? This very question is posed in Ramit Sethi’s I Will Teach You to Be Rich. Ramit discusses that we areconsistently searching for ways to get rich, yet more often then not when we receive a nominal amount of money we tend to spend it on nominal things. So, why does this happen? And what will you do with your next $100.


We are all dreamers. However, we dream of BIG, farsighted things (like a house, business, weddings, etc.), as well as small, nearsighted things (could be a new tv or even a night out on the town). It’s up to us to decide which is more important when we receive small amounts (like Ramit’s $100). Since we can’t buy a house with that amount, it can be hard to think about it at that time. A night out, though? That we can certainly afford for $100. Evil Kermit: “Do it.”


Let’s face it, folks. We aren’t that smart. For that reason we need to do everything in our power to make those “right” decisions when were in the right state of mind. The easiest way is by setting up S.M.A.R.T. goals, creating a budget, and automating our finances.

S.M.A.R.T. Goals






S.M.A.R.T. goals will really help in tightening your focus. For instance: I want to save up $300 per month for the next 3 years so I can raise an additional $10,800 for a down payment. This makes the goal much easier on our brain than “I need to save up for a house”. Plus, setting and hitting milestones is key to constant improvement.

Creating a Budget

Creating a budget is like working out; we all know we need to but very few of us do. Don’t make it complicated! As long as you have S.M.A.R.T. goals in mind, your budget will be rewarding. Knowing that we are in a constant battle between our short-term and long-term goals, make sure both are accounted for. You can read more about creating a budget here.

Automating Your Finances

Budgets are incredibly important. But if we don’t execute then it’s all for nothing. Automating your finances can REALLY help in making sure that all of our money is flowing to the right areas. The idea is that as a paycheck comes in it is automatically allocated to the proper bills, entertainment, and goals. If you want to read about Automating your finances you can click here.

The combination of these will go a long way in achieving our financial goals. Set these systems in place and I have no doubt that you’ll spend your next $100 wisely.


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