{"id":22674,"date":"2020-02-19T08:00:00","date_gmt":"2020-02-19T13:00:00","guid":{"rendered":"https:\/\/honeybook.site.strattic.io\/?p=22674"},"modified":"2023-03-24T06:18:55","modified_gmt":"2023-03-24T13:18:55","slug":"how-we-buy-nice-things","status":"publish","type":"post","link":"https:\/\/hbb.dev.reliablepenguin.com\/blog\/how-we-buy-nice-things","title":{"rendered":"The Mindset Behind How We Buy Nice Things"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2020\/02\/jakob-owens-so93GwxYr8s-unsplash-1300x867.jpg\" alt=\"The Mindset Behind Buying Nice Things | Rising Tide Society\" class=\"wp-image-23198\"\/><figcaption class=\"wp-element-caption\">Photo by&nbsp;<a href=\"https:\/\/unsplash.com\/@jakobowens1?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Jakob Owens<\/a>&nbsp;on&nbsp;<a href=\"https:\/\/unsplash.com\/s\/photos\/red-camera?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Unsplash<\/a><\/figcaption><\/figure>\n\n\n\n<p>You want to buy nice things for your life and business, but how do you know if you can truly afford it?<\/p>\n\n\n\n<p>We follow this 5-step process to help with our buying decisions. At the end of this day this is how we buy nice things <em>(and you can, too!)<\/em><\/p>\n\n\n\n<p>A. See nice thing and check price.<br>B. Check used price it sells for (make sure it holds some value over time).<br>C. Think about how long you\u2019d use said thing until you sell, upgrade, or retire it.<br>D. Take retail price (A) and subtract used price (B).<br>E. Ask yourself, would I rent this item for that amount of time (C) for this price point (D)? <br> <br>If your answer is yes, buy it!<\/p>\n\n\n\n<h2 class=\"has-text-align-center wp-block-heading\">How to Buy Nice Things For Your Business<\/h2>\n\n\n\n<p><em>Real Life Example:<\/em> How we bought a $20,000 RED Camera for our video marketing agency.<\/p>\n\n\n\n<p>A: $20,000 retail price<br>B: $15,000 used sale price<br>C: 5 years of usage before we sell or upgrade<br>D: $5000 out of pocket difference<br>E: Would we rent a $20,000 camera for $1000\/year (83.33\/mo)? Yes we would.<\/p>\n\n\n\n<p><strong>Bonus things that confirmed this investment:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If we do just one project a year with the camera\u2014it pays for itself.<\/li>\n\n\n\n<li>The camera helped us raise our prices and create more value for our clients, therefore charging a higher price point.<br> Even if the resell price drops significantly owning the camera will be well worth it.<\/li>\n<\/ul>\n\n\n\n<p>The RED camera was a money-making business investment example that paid off financially.<\/p>\n\n\n\n<h2 class=\"has-text-align-center wp-block-heading\">How to Buy Nice Things For Your Life<\/h2>\n\n\n\n<p>Let\u2019s take a look at a closer to home example.<br> <br>We\u2019re having a baby and there\u2019s tons of different baby stuff out there ranging from free to expensive. <br> <br>Buying the nicer thing doesn\u2019t pay you back monetarily, but can save you time or give you convenience.<br> <br>We splurged and bought a Snoo. It\u2019s a $1295 bassinet. <strong><em>(LOL right?!? Baby industry be cray.)<\/em><\/strong><br> <br>Most people see that price and say, we CAN\u2019T afford that. We found one used for $800.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Let\u2019s go through the 5-step process again:<\/h4>\n\n\n\n<p>A: $800 retail<br>B: $600 used sale price in 1-2 years<br>C: 1 Year Usage (6mo\/baby for 2 kiddos)<br>D: $200 max out of pocket difference<br>E: Would we pay $200 for the potential opportunity to sleep more every night? Yes.<\/p>\n\n\n\n<p>Now I know sleep or how well the baby likes the fancy thing is not guaranteed, but I\u2019ll take my chances at that price. That\u2019s not much more than the average bassinet without all the fancy <em>\u201craise your child for you\u201d<\/em> type features.<\/p>\n\n\n\n<h3 class=\"has-text-align-center wp-block-heading\"><strong>Poverty vs. Abundant Thinking<\/strong><\/h3>\n\n\n\n<p>I could write endless examples about how we\u2019ve done this over the years. But know one thing: <strong><em>we started very small.<\/em><\/strong><\/p>\n\n\n\n<p>A lot of people first think when it comes to investing in nice things (or investing in anything really) is <em>\u201cI can\u2019t&#8230;\u201d<\/em> OR \u201c<em>I don\u2019t have&#8230; (time, finances, ability, skills).\u201d<\/em><\/p>\n\n\n\n<p class=\"has-text-align-left\">If you can shift from poverty thinking to abundant thinking it changes everything. Poverty mindset is anything that leads with \u201clack of\u201d.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>If you catch yourself saying \u201cI can\u2019t\u201d see if there\u2019s a way to shift to \u201chow can I?\u201d<\/em><\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>If you catch yourself saying \u201cI don\u2019t have\u201d shift to \u201cI have.\u201d<\/em><\/strong><\/p>\n\n\n\n<p>At the end of the day this isn\u2019t just about buying nice things. This mindset shift will serve you as an entrepreneur for years to come.<\/p>\n\n\n\n<p>Learn to be resourceful and multiply what you DO have instead of focusing on what you\u2019re lacking.<br> <br>I wanted to share these practical real life examples because money is a tangible place for most people to start to breaking a \u201cpoverty mindset\u201d off their life.<\/p>\n\n\n\n<p>Once you step into an abundant mindset around money, expand the framework into other areas of your life.<\/p>\n\n\n\n<p>Let\u2019s make 2020 the year we step into freedom in this area of our mindset and stop letting money make our decisions once and for all.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><b><i>Ready to reframe your thoughts on money? Get our <\/i><\/b><a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/money-mindset#email\"><b><i>Money Mindset<\/i><\/b><\/a><b><i> Guide here.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You want to buy nice things for your life and business, but how do you know if you can truly afford it? We follow this 5-step process to help with our buying decisions. At the end of this day this is how we buy nice things (and you can, too!) A. See nice thing and [&hellip;]<\/p>\n","protected":false},"author":574,"featured_media":77459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20],"tags":[],"class_list":["post-22674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-best-practices"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2020\/02\/jakob-owens-so93GwxYr8s-unsplash.jpeg",2048,1365,false],"thumbnail":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2020\/02\/jakob-owens-so93GwxYr8s-unsplash-150x150.jpeg",150,150,true],"medium":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2020\/02\/jakob-owens-so93GwxYr8s-unsplash-300x200.jpeg",300,200,true],"medium_large":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2020\/02\/jakob-owens-so93GwxYr8s-unsplash-768x512.jpeg",768,512,true],"large":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2020\/02\/jakob-owens-so93GwxYr8s-unsplash-1024x683.jpeg",1024,683,true],"1536x1536":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2020\/02\/jakob-owens-so93GwxYr8s-unsplash-1536x1024.jpeg",1536,1024,true],"2048x2048":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2020\/02\/jakob-owens-so93GwxYr8s-unsplash.jpeg",2048,1365,false]},"post_excerpt_stackable_v2":"<p>Photo by&nbsp;Jakob Owens&nbsp;on&nbsp;Unsplash You want to buy nice things for your life and business, but how do you know if you can truly afford it? We follow this 5-step process to help with our buying decisions. At the end of this day this is how we buy nice things (and you can, too!) A. See nice thing and check price.B. Check used price it sells for (make sure it holds some value over time).C. Think about how long you\u2019d use said thing until you sell, upgrade, or retire it.D. Take retail price (A) and subtract used price (B).E. Ask yourself,&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/hbb.dev.reliablepenguin.com\/blog\/category\/business-best-practices\" rel=\"category tag\">Business best practices<\/a>","author_info_v2":{"name":"Stephen Diaz","url":"https:\/\/hbb.dev.reliablepenguin.com\/blog\/author\/stephen"},"comments_num_v2":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buy Nice things with the Power of the Mind | HoneyBook<\/title>\n<meta name=\"description\" content=\"Do you ever feel like you&#039;re a fraud and not deserving of your accomplishments? Learn more about this common phenomenon and strategies to overcome it\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/how-we-buy-nice-things\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buy Nice things with the Power of the Mind | HoneyBook\" \/>\n<meta property=\"og:description\" content=\"Do you ever feel like you&#039;re a fraud and not deserving of your accomplishments? Learn more about this common phenomenon and strategies to overcome it\" \/>\n<meta property=\"og:url\" content=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/how-we-buy-nice-things\" \/>\n<meta property=\"og:site_name\" content=\"HoneyBook\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/honeybook.co\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-19T13:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-24T13:18:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2020\/02\/jakob-owens-so93GwxYr8s-unsplash.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1365\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Stephen Diaz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@honeybook\" \/>\n<meta name=\"twitter:site\" content=\"@honeybook\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stephen Diaz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/how-we-buy-nice-things\",\"url\":\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/how-we-buy-nice-things\",\"name\":\"Buy Nice things with the Power of the Mind | HoneyBook\",\"isPartOf\":{\"@id\":\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/how-we-buy-nice-things#primaryimage\"},\"image\":{\"@id\":\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/how-we-buy-nice-things#primaryimage\"},\"thumbnailUrl\":\"https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2020\/02\/jakob-owens-so93GwxYr8s-unsplash.jpeg\",\"datePublished\":\"2020-02-19T13:00:00+00:00\",\"dateModified\":\"2023-03-24T13:18:55+00:00\",\"author\":{\"@id\":\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/#\/schema\/person\/fe269082bda8d0fe2aec14aef793c273\"},\"description\":\"Do you ever feel like you're a fraud and not deserving of your accomplishments? 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