• @SuperApples@lemmy.world
    link
    fedilink
    English
    41 day ago

    Do you spend money to improve your life, or just to get through the week? Earning more money is hard, but money makes money - the less you spend, the less you’ll need in the future, and the more you’ll have to invest. It’s a snowball. Once you internalise this, tracking your finances, reducing your spending, increasing your wealth, and reducing your workload becomes a fun game.

    Once my wife and I realised this is what we wanted to do, it took us 7 years to quit work completely. Frugality is the most important part - not earning, not investing - lifestyle creep is a big part of why.

    See:

    • your money or your life
    • early retirement extreme
    • Mr money moustache