5 Reasons You should Spend Less & and Frugal Living Tips
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- Опубликовано: 11 июл 2024
- 5 Reasons to spend less, and save more. It's easy to get caught in the trap of thinking we can afford the payments and eventually we will be able to earn more. but this is a suboptimal way to reach financial independence for at least 5 reasons. If you are convinced we share some actionable tips on how to spend less. Frugal living tips are is easy to dismiss, but in reality, they can be a superpower on your path to FI. These powerful frugal living tips are easy to implement
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First half of my life I lived like I was rich, and was far from it. Now I am living like I'm poor, no longer living check to check. Living like I'm poor doesn't mean I don't enjoy life! I also find that investing a $ gives me more and longer lasting satisfaction (endorphins) than buying something. Good job spreading this message.
I really love this. Your tips are amazing especially the fact that the extra income earned is usually taxed and that we appreciate what we purchase more when we are frugal.
Great definition of passive activities, as separation of time and money.
Thanks, Jonathan! Good stuff
Sound advice! 😊👍🏾
Loving the video content guys! Keep it up!
Great job on this video Jonathan and the ChooseFI team. I'm sharing now.
thanks brother!!
I enjoy the short explainer videos, Jonathan, good job!
Awesome, thank you!
Frugality for the win. Nice reminder to get back to the basics. 🙌🏻🔥🔥🔥
Blessings from Taiwan 🇹🇼😇🥰
Happy to find this channel !🥳
Hope I can become a F.I.R.E soon 💪😎
You can do it!
@@ChooseFI Thank you for your blessings!💖😇
I'm your subscriber now. 😁
Alcohol isn't food. I put that in the entertainment budget. My husband brews, so I have to budget it outside of groceries.
Flip the script.
My fi journey is not about frugality. I used house hacking to eliminate housing cost. Then repeated it to reach fi. I have 11 units (small multifamily) and never have to work again.
When there isn’t a pandemic I:
Eat out all the time.
Have every streaming service.
Drive a jacked up truck or Corvette. (Paid off)
Watch a movie a week.
Spend a month a year in Thailand or Columbia.
All because I don’t have housing costs.
One change in expenses. No budget to stick to. No sense of missing out on anything. I am a single parent with three kids and reaching fi with house hacking only took 8 years.
So are all of your houses paid off?
I love it!! Great work !!!! - It sounds like you started with spending less ;) and look how powerful it was - I think you are the literal embodiment of how powerful this strategy is
what do I cut down on ???
ChooseFI's Episode 100 is the best place to start! Then RUclips search for the MMM and frugalwoods episodes of ChooseFI to dial in on the ways you can cut expenses.