We all need some amount of money, that’s a fact. How we spend that money is vastly different.
I would classify myself as a frugal person: someone that spends money on the things that add value to my life, and saving money on the things that don’t matter as much.
In this episode, I’ll dig into the difference between being frugal and being a cheapskate. We all love saving money, but there are times when it makes sense to spend. Enjoy!
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No matter how much money you make, if you’re spending more than you make, your equation is broke. It’s simple math.
Most wealthy people live within their means, and actually live far below their means. Most people that complain about bills and stress about money, they are living beyond their means, often well beyond them.
Hit play on this short 10 minute episode and listen to my thoughts about this quote. Enjoy!
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When it comes to being happy, you really need to do things you love. People always say, “Follow your passion.” While I believe that and agree, I think there’s more to it than just that. In this short episode, I break down this quote and explain how it relates to me, and how you should think about it this way… “Find three hobbies you love: one to make you money, one to keep you in shape, and one to be creative.”
Thanks again for listening! Be sure to leave me a review on iTunes and I can’t wait to share the next episode with you soon. Until next time, think less, risk more, regret nothing!
“Most of us, of course have never taken such vows—but we choose to live like monks anyway, rooting ourselves to a home or a career and using the future as a kind of phony ritual that justifies the present. In this way, we end up spending (as Thoreau put it) ‘the best part of one’s life earning money in order to enjoy a questionable liberty during the least valuable part of it.’ ” -Rolf Potts
“Take one problem that you are really good at solving. Success, money, and wealth are results of solving one problem for a lot of people. This will allow you to contribute to the world and add value. Find one problem you are really good at solving. Do it for 1 person really well, then another person, then 10, then 100. Solving a lot of problems for a few people is a very hard way to do it.”