You only live once bro...as long as you are not taking food out of your family's mouth or blowing your kids college money i say go for it!
Being Frugal Fucking Sucks
- Thread starter fm1234
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Well there are a lot of people out there making a living off frugal websites and writing blogs about being frugal.
believe me... saving money brings you no where.
no one ever became a millionaire due to the interest being paid on his savings account. you get rich by doing the right and profitable investments, but not by saving.
by saving money, you do only one thing: providing more cheap money to my employer, a bank. they laugh about all those cheap fucks who save their money and totally miss the point, that money in a savings account is dead money.
for 10k, you get like 300 USD interest.
now, realistically, those 10k should make you at least 1k a year if invested wisely into the right business.
it is funny, but most people mixup consumption and investments. they think, that certain goods have no value and are just "used up". that is nt quite true however. a lot of goods have a value that can rise over time, you just need to make the right choice.
rich people buy things that make them richer
e.g. your car might be worthless in ten years. a db vantage will probably double up its price during that time that is the way you should see spending money: looking out for investment opportunities even in the most simple things.
no one ever became a millionaire due to the interest being paid on his savings account. you get rich by doing the right and profitable investments, but not by saving.
by saving money, you do only one thing: providing more cheap money to my employer, a bank. they laugh about all those cheap fucks who save their money and totally miss the point, that money in a savings account is dead money.
for 10k, you get like 300 USD interest.
now, realistically, those 10k should make you at least 1k a year if invested wisely into the right business.
it is funny, but most people mixup consumption and investments. they think, that certain goods have no value and are just "used up". that is nt quite true however. a lot of goods have a value that can rise over time, you just need to make the right choice.
rich people buy things that make them richer
e.g. your car might be worthless in ten years. a db vantage will probably double up its price during that time
that is the way you should see spending money: looking out for investment opportunities even in the most simple things.
I don't know anyone (at least in my generation) that thinks their savings account is going to make them rich. I call it a savings account cause that's the name the bank gives it, but what it is for me personally, is my Catastrophic Event account. ( income loss, sickness, death...etc) Anybody with any money smarts should have one of these (maybe two).
I think we all have it within us to be frugal. Hell, I lived on less than $10K a year back in college. Those were the most fun years of my life. It's all about your mentality. Unfortunately, many people subscribe to the school of thought that they have not really "made it" if they don't live a lifestyle that is "appropriate" for their new status in life. I don't buy that. There's no iron-clad "role" for people. Instead of chasing after roles (and the imagined respectability it brings), maybe it's better to chase after one's happiness instead?
Awesome. I'm the exact same way. I don't want a bigass house with a bunch of crap I don't need. A modest one bedroom apartment is perfect for me. If I had the cash I wouldn't be in it much anyway--I love to travel and would go all the time if I could afford it.
But until then, I work my ass off with affiliate marketing and keep climbing toward my goals.
Amen. The #1 enemy of savers is INFLATION. Most saving accounts are flimsy if not downright ineffective shields against inflation. Investing your money in mutual funds or other investment vehicles yield better results than savings accounts.
Nothing new about not stuntin'
Amazon.com: The Millionaire Next Door: Books: Thomas J. Stanley,William D. Danko
Amazon.com: The Millionaire Next Door: Books: Thomas J. Stanley,William D. Danko
That is a fantastic book btw; I read it when it first came out. I don't know if they've updated it since the original publication, but even taking into account quick money made in the dotcom and real estate bubbles, it still has some amazing info in it.
Frank
Frank
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