“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.”  ~ Will Rogers

Many people’s identity and self worth are tied to what they wear, where they live, and what they drive. This sets you up for failure and unhappiness. After all, someone else is always doing better. In addition, it sets the stage for poor financial decisions. Clothes, houses, and cars do not produce income. Rather, they are an expense that slows your trajectory to time and financial freedom. While all are a necessity, spending in excess of what is necessary reduces the amount of available resources to purchase income producing assets. These assets supplement your regular income, making life easier. Eventually the supplement income may grow enough to completely replace your need to work. In my particular case, I drive a Lexus we bought used, it has over 200,000 miles, and I hope to get another 200,000 out of it. Could I afford a newer car, yes. But this one is paid for, well maintained, and very comfortable. I share this as an example of practicing what I preach, and eating my own cooking. Being frugal makes my life easier and helped me “get a life” much earlier.

“Be wasteful in nothing.”  ~ Ben Franklin