#Things to consider
- You can avoid going into debt, and you can get out of it if you’re there.
- You can arrange your life so that you’re not spending every dime you get. You can take that surplus and invest it for the long term.
- If you can’t pay cash you can’t afford it.
- Outcomes are about small decisions made over large amounts of time.
- I couldn’t work out how adults could work for years—decades even—and then find their world crumbling around them when they went just a few months without a job.
- Your savings rate absolutely trumps the performance of stocks.
- Frugality breeds creativity—which can make for fun, intimate memories.
- You have to decide if status symbols and other people’s opinions matter to you more than freedom.
- If your spending expands to meet—or, even worse, exceed—your income, you will never be free.
- I was so needlessly stressed about retiring early that I was stopping myself from enjoying life along the way.
- I’ve come to realize that I should be optimizing for long-term happiness and not time to retirement.
- What the market is doing at any given moment should have no influence on your investing.
- The ratio between your income and your expenses is what will make you feel wealthy.
- F-You Money = Enough to make bolder decisions, but not enough to live on forever.