Burning your boat is an act of courage that makes it impossible to return to an earlier situation.
Living slow means listening to your body and giving it the rest it deserves. It means refusing to reach a level of exhaustion.
It is the constant fear of being perceived as “unsuccessful” by society in terms of material wealth.
In German, if someone ‘has a lot of Sitzfleisch’, it means they can endure lengthy or boring tasks until the tasks are completed.
Sometimes not getting what you want is a wonderful stroke of luck.
Financial discipline fosters character traits like self control, prudence, and patience.
Debt feels like having to run 10 miles to get to the starting line of a marathon. It is impossible to get ahead.
DAD: Advertisers trick you into wanting stuff. Ignore the noise.
DAD: Your track record for getting through hard days is 100% so far.
DAD: The things that make life great can’t be bought. Money can only help extend your options.
DAD: A “reverse bucket list” reminds you of what you have already done and makes you feel inspired instead of overwhelmed.
Whenever you take the easy way in favour of what’s right, you slowly destroy your character.
Sometimes you forced to do unpleasant things in order to make you happy later. That is called sacrifice.
A moonshot is a big goal. It is a long-term endeavour with the hope of success, but also the awareness that not every outcome lies within our control.
It means being creative, rebellious, determined, and unstoppable. It means asking for help, but not waiting for help.
Canadian households owe $1.71 for every dollar they earn. Scary.
When making large purchases, use this rule to decide whether the item is a need or a want.
Somebody who has insight into the possible consequences of money decisions and the impact on their family and long term financial freedom.
Assess the damage. Understand the root cause. Change your habits.
Progress is about getting better every day. Success comes after that.
Learning to budget, spend mindfully, and find a balance between seizing the day and saving for the future
A need is something you have to have. A want is a choice.
Sadly, “Black Friday” is the day we trample people for things we don’t need, the day after being thankful for what we have.
Giving up temptation for long term benefit.
The key to early retirement lies with savings, not income – regardless of how much money you make.