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B-Book 44: Do the Work by Steven Pressfield
The key message in this book: Often we stop dead in our tracks …

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Home » Money Matters

Living Below your Means?

Submitted by on July 4, 2011 – 12:06 pm No Comment
frugal-kids

I’ve often discussed the concept of how to live below your means. I believe that it’s the cornerstone of living well in the financial sense, so I’ve decided to reflect on a couple of financial philosophies that all of us have been practicing in some form or another. I revisited the questions:

I’ve often discussed the concept of how to live below your means. I believe that it’s the cornerstone of living well in the financial sense, so I’ve decided to reflect on a couple of financial philosophies that all of us have been practicing in some form or another. I revisited the questions:

They sound like they’re the same thing at first glance, but when I reflect on these questions, I realize they don’t exactly mean the same thing, and that I lean towards the approach of “earning more than I spend” more than I do its counterpart. I prefer to earn more than I spend — meaning that I focus more on income generation than I do on cutting costs, although I definitely employ both tactics in order to build my net worth. This is the case because I’d like to have the option of being able to enjoy creature comforts and a few luxuries on occasion. Having money simply means having more choices. Continue….

My Comment:
I am definitely a frugalist in the truest sense of the word.  I tend to approach purchases from a pragmatic standpoint.  Yes, I do have my times and weaknesses, but by-and-large I still to my frugal ways…call me cheap if you wanna.

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