Comments on: Don’t Fake It Till You Make It http://frugalbabe.com/2009/05/04/dont-fake-it-till-you-make-it/ A rich life without a lot of money Fri, 10 Feb 2012 16:44:00 +0000 hourly 1 By: FB @ FabulouslyBroke.com http://frugalbabe.com/2009/05/04/dont-fake-it-till-you-make-it/#comment-27382 FB @ FabulouslyBroke.com Sat, 09 May 2009 20:31:13 +0000 http://frugalbabe.com/?p=914#comment-27382 While I agree with not faking it in the sense that you surround yourself with luxury hoping it'll help you make it... I am still of the idea of tricking yourself into being confident and faking your mind until you really make it. I really think that sometimes I fake it until I make it, just to reassure myself ... and it works for me. But in the context of sinking money into furniture and other stuff.. I never even considered it to be an issue, but I suppose many do that. While I agree with not faking it in the sense that you surround yourself with luxury hoping it’ll help you make it…

I am still of the idea of tricking yourself into being confident and faking your mind until you really make it. I really think that sometimes I fake it until I make it, just to reassure myself … and it works for me.

But in the context of sinking money into furniture and other stuff.. I never even considered it to be an issue, but I suppose many do that.

]]> By: Carol from Savvy4 http://frugalbabe.com/2009/05/04/dont-fake-it-till-you-make-it/#comment-27377 Carol from Savvy4 Wed, 06 May 2009 06:45:52 +0000 http://frugalbabe.com/?p=914#comment-27377 Congratulations! I have just nominated your wonderful site for a “One Lovely Blog Award”. I really enjoy reading your great articles! Congratulations! I have just nominated your wonderful site for a “One Lovely Blog Award”. I really enjoy reading your great articles!

]]> By: KM http://frugalbabe.com/2009/05/04/dont-fake-it-till-you-make-it/#comment-27376 KM Tue, 05 May 2009 14:53:27 +0000 http://frugalbabe.com/?p=914#comment-27376 I'd love more posts about starting a business as well since I am planning on starting one in the near future. Great post as always! I’d love more posts about starting a business as well since I am planning on starting one in the near future. Great post as always!

]]> By: GC http://frugalbabe.com/2009/05/04/dont-fake-it-till-you-make-it/#comment-27375 GC Tue, 05 May 2009 14:17:08 +0000 http://frugalbabe.com/?p=914#comment-27375 nice discussion perhaps that applies to a few more things than just self employment nice discussion
perhaps that applies to a few more things than just self employment

]]> By: AD http://frugalbabe.com/2009/05/04/dont-fake-it-till-you-make-it/#comment-27374 AD Tue, 05 May 2009 13:11:52 +0000 http://frugalbabe.com/?p=914#comment-27374 FB, I'd love more posts about self-employment and starting a business! That's such great advice. When I was in real estate, I spent money on a few things that weren't necessary, but the brokerage firm made me think these were things I needed, and I went against my better judgement, being new and unsure of myself. I won't make that mistake again! FB, I’d love more posts about self-employment and starting a business! That’s such great advice. When I was in real estate, I spent money on a few things that weren’t necessary, but the brokerage firm made me think these were things I needed, and I went against my better judgement, being new and unsure of myself. I won’t make that mistake again!

]]> By: FrugalBabe http://frugalbabe.com/2009/05/04/dont-fake-it-till-you-make-it/#comment-27372 FrugalBabe Tue, 05 May 2009 03:20:12 +0000 http://frugalbabe.com/?p=914#comment-27372 Bill - Sounds like you'll be just fine with that approach! And good reminder about taxes. When my husband first became self employed, he met with an accountant who recommended a separate bank account where 30% of all income should be deposited immediately upon receipt. That way it's there when it's time to pay taxes. Taxes can come as as surprise for people when they first become self employed. There's no employer paying half of the social security and medicare taxes anymore. For a long time we paid our taxes quarterly, although we now pay federal taxes monthly. I love www.eftps.gov for paying federal taxes electronically. It's easy, fast, accurate, and no worries about getting checks to the IRS on time. Bill – Sounds like you’ll be just fine with that approach! And good reminder about taxes. When my husband first became self employed, he met with an accountant who recommended a separate bank account where 30% of all income should be deposited immediately upon receipt. That way it’s there when it’s time to pay taxes. Taxes can come as as surprise for people when they first become self employed. There’s no employer paying half of the social security and medicare taxes anymore. For a long time we paid our taxes quarterly, although we now pay federal taxes monthly. I love http://www.eftps.gov for paying federal taxes electronically. It’s easy, fast, accurate, and no worries about getting checks to the IRS on time.

]]> By: Bill http://frugalbabe.com/2009/05/04/dont-fake-it-till-you-make-it/#comment-27371 Bill Tue, 05 May 2009 02:07:35 +0000 http://frugalbabe.com/?p=914#comment-27371 Great post! There is plenty of wisdom here for those seeking it. The recent economic down turn has offered me the opportunity to go into business for myself. My situation is probably more tenuous because I'm also the partner in a bootstrapping start-up that is seeking to reach the tipping point without (a) venture capital and (b) without going into debt. So far, so good but as you've noted there is an endless list of temptations wearing the veil of legitimate business needs. I've chosen the "until I run out of places to pile the money I'm paying myself before buying stuff" approach. Speaking of taxes, that is arguably the other chief reason most start-ups fail, failure to set aside/pay taxes. Great article though, as is the majority of the content on your blog! Great post! There is plenty of wisdom here for those seeking it. The recent economic down turn has offered me the opportunity to go into business for myself.

My situation is probably more tenuous because I’m also the partner in a bootstrapping start-up that is seeking to reach the tipping point without (a) venture capital and (b) without going into debt.

So far, so good but as you’ve noted there is an endless list of temptations wearing the veil of legitimate business needs. I’ve chosen the “until I run out of places to pile the money I’m paying myself before buying stuff” approach.

Speaking of taxes, that is arguably the other chief reason most start-ups fail, failure to set aside/pay taxes.

Great article though, as is the majority of the content on your blog!

]]> By: Gabriel http://frugalbabe.com/2009/05/04/dont-fake-it-till-you-make-it/#comment-27370 Gabriel Tue, 05 May 2009 00:49:55 +0000 http://frugalbabe.com/?p=914#comment-27370 My husband has a similar work-at-home situation--never meets clients, same desk since college in the early 90s. Desk chairs scavenged from a prior job that closed their local location. He is finally really to spend some money on a new set-up for ergonomic reasons. He plans to switch to a standing desk arrangement and has been shopping around for an inexpensive and flexible choice. My husband has a similar work-at-home situation–never meets clients, same desk since college in the early 90s. Desk chairs scavenged from a prior job that closed their local location. He is finally really to spend some money on a new set-up for ergonomic reasons. He plans to switch to a standing desk arrangement and has been shopping around for an inexpensive and flexible choice.

]]> By: SavingDiva http://frugalbabe.com/2009/05/04/dont-fake-it-till-you-make-it/#comment-27369 SavingDiva Mon, 04 May 2009 23:29:29 +0000 http://frugalbabe.com/?p=914#comment-27369 Excellent advice! I would love to start my own business someday (just waiting for a genius idea).... Excellent advice! I would love to start my own business someday (just waiting for a genius idea)….

]]>