I know, that’s not a really popular topic for investors & traders.
But living within your means is not a ‘nice goal’ to have – it is a must.
Here is why:
1️⃣ Those that don’t are in serious trouble immediately when things go sideways or interest rates climb.
2️⃣ Feeling rich is understanding the difference between need & want. If you can meet your monthly obligations & fulfill your basic needs, you are successful.
3️⃣ The most powerful forward-looking indicator of your financial freedom is not how much you earn, but how much you save.
4️⃣ Nowadays instead of asking myself “how can I make more money?” I ask myself “how can I protect my purchasing power?”
5️⃣ Rich & poor is just a mindset. Not a financial condition.
6️⃣ Never take into account the salary you might make tomorrow to justify an expenditure today.
7️⃣ Most people are buying things they don’t need with money they don’t have to impress people they don’t like.
8️⃣ And there are no “Joneses”; so stop trying to keep up with them.
𝙒𝙝𝙖𝙩 𝙤𝙩𝙝𝙚𝙧 𝙩𝙞𝙥𝙨 𝙙𝙤 𝙮𝙤𝙪 𝙝𝙖𝙫𝙚 𝙛𝙤𝙧 𝙖𝙫𝙤𝙞𝙙𝙞𝙣𝙜 𝙡𝙞𝙛𝙚𝙨𝙩𝙮𝙡𝙚 𝙞𝙣𝙛𝙡𝙖𝙩𝙞𝙤𝙣?
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