10 Ways to Live Beyond Your Means

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It all started with a tweet by @AustinAaron of a great quote:

“Anyone who lives within their means, suffers from a serious lack of imagination.” – Oscar Wilde

I re-tweeted it, which prompted a reply from Ian Lee:

If managing your money well means you lack imagination, so be it. At least these people are not in debt.

Good point. But I wasn’t thinking about debt as the only way to live beyond your means. In fact, there are a lot of ways to enjoy the good life (or at least a little bit better life than you can ordinarily afford) without racking up debt to do so. Here are just a few ideas, all in 140 characters are less:

  1. Have rich friends who enjoy your company and include you in their activities.
  2. Find last-minute travel bargains by not planning vacations too far in advance (Priceline FTW).
  3. Who says you have to OWN a jet to enjoy the benefits of private flights? FractionalJetOwnership.com. (Timeshares are a similar concept.)
  4. Travel light. You can travel the world w/10 lbs or less (plus how to negotiate convertibles & luxury treehouses).
  5. Barter. Liquidate unused inventory/time in exchange for goods/services you might not ordinarily spend $$$ on.
  6. Closely related to #1 & #5..do favors for people – amazing how many will reciprocate w/ cool stuff.
  7. Negotiate. Most things are negotiable – most people just don’t ever try. “Is that the best you can do?” works great.
  8. Buy in bulk. Amazing how much money you can save w/ a 2nd fridge and/or freezer in the garage, for example.
  9. One man’s trash and all that — Freecycle.org
  10. Some people have some pretty nice couches (some aren’t even couches): CouchSurfing.org

What are some of your favorite ideas for enjoying a little luxury without spending a fortune?

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