FMOOD 0195: The Rice and Beans Fallacy - a podcast by Tom Merlino | Tom is inviting you to follow him on his journey to get out of debt and get into prosperity.
from 2017-06-29T06:00
Is it really necessary to eat rice and beans when getting out of debt? Absolutely not. Several gurus out there use the phrase of rice and beans when referring to grocery shopping, but this is to illustrate the point that you are no longer to be eating steak, lobster, and other expensive foods while you're getting out of debt. You aren't to be eating out at restaurants, either. The meaning behind the phrase is simply to spend less on groceries in order to get out of debt faster, and I completely agree with this.
What I don't agree with are the folks who are taking the phrase a little too literally. They are either purchasing rice and beans to extend the grocery budget, or they are buying low-quality, cheaper foods in order to fill their bellies without considering nutrition. This is where I have to draw the line.
There are other means to pay more on your credit cards or loans. Take on a part-time job. Shop at a different store if the one you normally shop at for groceries is costing too much money. The main point is this. Don't sacrifice nutrition, and in extension your health, in the name of getting out of debt more quickly.
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