Debt does require sacrifice. However, there are 2 things that you should never sacrifice: Relationships and Generosity.
It is called fulfillment. You reach this stage when you discover who you are by supporting yourself doing work you love. This is when your time, talents and money are aligned to make an impact on the world.
Pay yourself first: each paycheck, auto-transfer a set amount to your savings.
A simple life is more than just owning less. It’s about having time and energy for the people that matter.
Debt feels like having to run 10 miles to get to the starting line of the marathon. It is impossible to get ahead.
#15. Dad, do you think that it is important to maintain an image, even if you cannot afford to do so?
Maintaining an image that your income cannot support goes against being authentic. You cannot pay your bills based on how you appear to be.
A need is something you must have. A want is a choice.
Wealth = Purpose + Simplicity + Happiness + Value + Time.
Saving money goals boil down to 3 main things.
i. Pick a goal to save up for
ii. Create a separate account to put that money in
iii. Start saving for that goal.