excellent thread, quality posts so far.
I am listening to the unabridged audio version of Millionaire Next Door and I highly recommend this book too. It tells a truth a lot of people probably don't want to hear. On the other side it might be enlightening for some of us. I believe in living below my means because one day this will equate to still living below my means but a higher living standard than most people have.
Lots of guys I know who graduated at the same time live this high consumption life style. One might think they earn twice as much as I do and as a consequence I sometimes had the feeling that I have obviously done something wrong because I don't have the money for a big car and big apartment and a luxury vacation three times a year. Now I know - they don't have the money either.
I am convinced you get a headstart to financial freedom if you start thinking about these topics early in life. |