Yes, as long as you temper your spending and don’t go into debt.
Akrasia is when you do one thing even though you know you should do something else. Like spending and saving.
Debt feels like having to run 10 miles to get to the starting line of a marathon. It is impossible to get ahead.
DAD: Perfectionists are motivated to make the best choice every time. This can lead to decision paralysis.
I always get the important stuff done first and don’t waste time on stupid shit!
Spending time by yourself allows you to hear your thoughts without distractions.
Stop spending money or time impressing others.
You have to remain consistent, don’t strive for perfection and learn to say “No” more often.
Personal values and spending habits are unique to everybody. Spend based on your personal values.
Having structure is important to get things done. Setting aside unstructured “thinking time” is just as important.
There are no guarantees. Make sure you spend less than you earn and save for the future.
Material items do not always equal happiness. Sometimes they just add stress and debt.
Pay your credit card balance in full every month.
Strive to save 10 to 20 percent of your monthly income.
Eating at home is normal. Eating out is an expensive treat and should be done when there is a social benefit to it.
The level of consumer debt in Canada has been increasing for the past 30 years. Canadian households owe more than $2 trillion dollars collectively.
I suggest you don’t spend too much time on things that don’t matter and spend it with people that do.
Assess the damage. Understand the root cause. Change your habits.
Being good with money does not mean you don’t spend it. And not spending does not make you good with money.
Treat yourself if it brings you happiness. Enjoy your money with moderation. Balance is the key.
Being good at money does not mean you don’t spend it; and not spending it does not make you good with money.
Financial stress is not measured by how much you earn, rather by how much you save and spend.
Pick a goal. Create a separate account to save for the goal. Start saving for that goal.
Learning to budget, spend mindfully, and find a balance between seizing the day and saving for the future
Sacrifice does not mean giving up something for nothing; it means giving up one thing for something else we believe is worth more.
DAD: Most people who overspend their income in one of three ways: Too much house, Too much car, Too much entertainment
Yes. You can buy anything you desire – as long as you have saved for it first.
Giving up temptation for long term benefit.
The key to early retirement lies with savings, not income – regardless of how much money you make.
DAD: When it comes to understanding money, ignorance is not bliss.