It’s Easier to Save Money If You Don’t Want to Lead an Expensive Lifestyle
If you make enough money to break the loop of poverty , you will likely find many ways to save money. However, nothing will save you as much as if you were happy with a lifestyle that isn’t worth a fortune.
As personal finance site Four Pillar Freedom explains, there is nothing wrong with striving for a lifestyle that is expensive. However, it will be more difficult for you to achieve this than for someone who is happy with a small home and an inexpensive lifestyle:
Consider Person A who needs a big house, some luxury sports cars, a full wardrobe of clothes for each season, new jewelry every month, and any other consumer goods that may be on the market. Then think of Person B who just wants a pleasant relationship and the freedom to do jobs that excite him, without the desire to buy excessive luxury items.
Neither Person A nor Person B are inherently wrong because of their unique desires, but the difference is that Person B has to spend a lot less money to satisfy his desires. As a result, Person B is much more likely to achieve financial independence earlier than Person A, since their costs are much lower.
Of course, if all you ever wanted in life is a big house and fancy sports cars, you can do it. Just understand that you are tough on personal finance. Alternatively, if you just want fewer things , you can make it easier for yourself to achieve financial independence.
Buy whatever you want | The Four Pillars of Freedom via Rockstar Finance