You’re Not Broke… You’re Impatient (This Will Change Everything)

In this episode of Coffee with E, Erika Rawls breaks down why waiting isn’t losing, it’s the key to building real wealth and financial peace. Learn how delayed gratification, financial discipline, and self-trust can help you stop overspending, avoid debt, and create the lifestyle you actually want. 

This episode introduces the “Luxe Pause” method to help you rethink purchases, build patience, and make smarter money decisions. If you’re tired of chasing appearances and ready to build real financial freedom, this is for you.

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Transcript

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Welcome And The Wealth Mindset

Erica Rawls 0:00

Hey y'all, welcome back to Coffee With Eve. If you're new here, hello, I'm Erica Ross. I'm your financial wholeness bestie. And around here, around here, we talk about building wealth, living a beautiful life, and being able to afford it without the chaos. If you're serious about becoming the woman who wants options instead of chaos, subscribe. Send this episode to a friend that says life is too short because life is too short. And debt, it's very long. Okay, let's get into it.

Waiting As A Financial Superpower

Erica Rawls 0:32

Now we're gonna talk about something that no one really wants to talk about. It is about waiting. Waiting to most people feel like you're losing, not being able to go on a trip, seeing other people purchase homes, seeing other people living in their life, and you're like, well, why do I have to wait? Waiting is not losing, it's actually very powerful. Delayed gratification is gonna allow you the opportunity to wait for those things that truly matter. And how do you do that? Well, you want to position yourself in order to be able to purchase something and being able to afford it. So it feels good in the end. Not trying to keep up with the Joneses because I got a secret to tell you. The Joneses, they're broke. They're not gonna tell you, but I want to tell you because I saw their bank account. It's zero. So don't even worry about the Joneses, don't worry about the Smiths, worry about yourself. Because by you waiting for what matters, you're gonna be able to do the things you want to do, when you want to do it, and how you want to do them. Anyone can spend money, but not everyone can wait. Did you ever see someone that was confident, as if they had nothing to prove? They not only have it looking together, you did some research and you know they got it together, that's because they were able to delay their gratification.

Teaching Kids Money On Purpose

Erica Rawls 1:42

I want to share a personal story with you. I talk about my girls all the time. Because of the financial education that we provided, our children, son included, they're in a better position than my husband and I were. That was really important to us because we knew the struggles that we had when we were growing up. And although our parents loved us, they really didn't talk about money the way that we are talking about money when it comes with our children. We're really intentional. Nothing against our parents. It just wasn't the way they did things back then, right? So knowing that we had a responsibility to raise our children a certain way, we sat down with them, we made sure that they understood financial literacy, savings account, checking account. When you get your money, put so much away in savings because that's what you do in order for you to be able to fund the life you truly want to live. And there's always the conversation I have with younger women saying, you know what? Well, my friend, they had this, my friend, they got this. Why are they able to afford it? You don't know if they're able to afford it. It just you're just assuming. There's a lot of assumption that's going into it. Don't worry about what they're spending or how they're spending it. Just worry about when you are in the position to do what you want to do, you're gonna feel better because you were able to wait and do it the right way. Delay right now is gonna give you enjoyment and happiness later. So remember that. Hey Luxies, guess what, y'all? If you haven't realized I sell real estate, I help buyers and sellers purchase their home. So if you're looking to buy or to sell, reach out to your girl. Now back to the

Impatience Looks Like Progress Online

Erica Rawls 3:12

show. I want to tell you, Luxies, we don't like to wait. I get that. Because I don't like to wait either. And I'm um I want to drill this home as much as I possibly can. You're not waiting to spend money on the small things. I'm talking about when you purchase a home. I'm talking about if you want a luxury bag, first check yourself, ask yourself, why do I want to purchase this thing? Can I afford it? And if you can't, figure out a way where you can. And if you're in a position where you need to pay off debt now so that you can afford things later, that's what you focus on. Every little dollar that you get right now is going to be able to help you clean up the behavior that wasn't the best in the past so that you can fund the life that you truly want to live in the future. So remember that. Waiting is essential. Not everyone has the skill to wait. That's why a lot of people have a lot of debt. But we're different. We're figuring it out together and we're going to get this on the right track sooner rather than later. Some of you are not broke. You're just impatient. You don't want that bag, you don't. You want the feeling. You don't want the house. No, you just want the announcement on Instagram, TikTok, or wherever you you post on. And you don't want stability. You want visible progress. You want everyone to see that you are succeeding. Let's reframe that. Urgency is literally draining your account. And that's going to stop today. You don't need more money right now. You need more patience. And impatient feels small in the moment, but it compounds over time. That's why waiting isn't weakness. It truly is strength. And more importantly, it's strategy.

Self Trust And Changing Your Circle

Erica Rawls 4:50

Okay, so here's something that no one ever tells you. Every time you delay a purchase, every time you decide not to swipe, you're actually building self-trust. And can I tell you, when you start building up self-trust, you're going to feel invincible. You're going to feel more controlled, you're going to feel more confident, and the ability to make better decisions. Because a lot of us, we're not making good decisions when it comes to our finances because we're putting outward appearances over what our accountant is actually allowing us to afford. And once you start reframing it and putting your bank account first instead of outward appearance, that's when life starts getting really sweet because your friends are going to be around and you're going to end up changing your circles. This is true. You're going to start end up changing your circles because the conversations that they're going to be having is, girl, I can't even pay my bill. Girl, I had to go over here and do X, Y, and Z so that I can just make sure this is paid off. And you're going to be like, hmm, really? Okay. Now, in your mind, you're going to be thinking, okay, great. I love my friends. And yet this may not be the community that I need to be in because I'm looking to save. And you notice a shift when you start saying, Well, why don't you just save it? And they don't want to hear it. It's okay. It happens, right? Delayed gratification is going to allow you to blossom into a version of yourself that may cause you to change your circles. When I started delayed gratification, something shifted. I stopped with the urgency. I started building options. And the options actually allow you to do a lot of other things. Hey Luxis, if you're looking for a construction company, I have just the one for you. They are great at everything. You want to know I know because I use them personally. Top construction. Check them out. They are reasonable and they get the job done. Now back to the show.

Life Is Short But Interest Compounds

Erica Rawls 6:35

Now let's talk about this life is too short. Because I've been hearing that lately. Life is short. Yeah, it is. And so is your emergency fund. Well, Erica, life is short. Mm-hmm. And so your credit report will remember that. Life is short. Okay. But did you know interest compounds? An urgency is expensive. I'm not saying I don't want you to live your life. I really do. I want you to live your life. What I'm saying is don't mortgage your peace to enjoy a moment. So let's make this practical. Okay.

The Luxe Pause Spending Method

Erica Rawls 7:06

Here's what we're going to call the luxe pause. When you see something you want to purchase, you want to name it, you want to price it, you want to replace the rush, and then you want to revisit it. Revisit to see if you really wanted that thing. Because if you don't, then you just put money into savings. Half the time I noticed when I did that, I didn't even want it anymore. Now it's going to take some discipline, but it's worth trying. So let me know in the comments if you're going to try this luxe pause method because I think it's really one that you're going to enjoy. Okay, I have another roast,

Soft Life Requires Hard Choices

Erica Rawls 7:38

y'all. Let's talk about something that's trending now, the soft life conversation. I heard this and it was driving me crazy. When it comes to the soft life, you have to make some hard financial decisions. And a lot of us are not in the financial position to have this so-called soft life. Soft is an aesthetic. Soft is about saving money, having margins, knowing your rent is covered, knowing emergencies and emergencies, you're not going to panic. Knowing that you don't need Clarna. Is that too hard? Clara? Just say I have to pay. Okay. Hold on to your seatbelt, y'all. You don't need to level up your lifestyle. You need to level up your restraint. I want to say it again. There's no need to level up your lifestyle. You just need to level up your restraint. Restraint is not boring, y'all. It is not. Restraint is actually being grown. Honestly, you can make restraint sexy if you want. And restraint doesn't mean you're never going to get it. On a serious note, you will get it. It means you're not going to get it right away. That builds confidence. That's what builds options. See, that wasn't so harsh. Hey Luxis, All-State Insurance. Robert Shaw, he's the guy you need to call when you need insurance. For your home, for your car, for your flood insurance. He's the guy. Robert Shaw, All-State Insurance. Now, back

Options Peace And Closing Message

Erica Rawls 8:52

to the show. All that to say, y'all, delayed gratification is not punishment. Delayed gratification is going to give you options. It's going to give you peace of mind. It's going to give you the freedom to do what you want to do when you want to do it. So here's the truth. You can have the bag. You can have the house. You can have the lifestyle. But we just have to plan for it, right? We're going to plan so that you can live the life you truly deserve and afford it. And that right there, y'all, is only your lux.

unknown 9:18

Okay, I'm done.