Posts tagged with “frugal”

Dec 19, 2022
Why I Should Spend More
We have been pretty careful with money since I decided to retire early back in 2014. Ever since, every time we get tempted to buy something, we think twice to see if it is really worth it. Not whether the object is worth the price, but whether we really need it. By practicing this kind of thinking we were able to limit our spend considerably and increase our savings. The twin effect of spending less and saving more helped us to retire early. But these habits compound over time just like money. Now, everything feels like it is probably not worth the money. The only real kind of expense we feel that is worth is the ones we spend on experiences, not objects.
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Jan 2, 2022
How Much Money Is Enough
When it comes to money, everyone has a different opinion about how much money is more than enough. Some may never reach the point of having enough money by anyone’s definition. These are usually low skilled people who earn very little. For them, there is no question of saving or excess money. If they earn well, they eat well that day. When they cannot, they have to go empty stomach for the night. And on the other extreme we have people who are extremely rich by any standard. These are the Bill Gates of the world. They do not really need to work or earn more irrespective of how much they can spend. And then you have a wide spread in-between.
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