Spend Less. Live More.

Spend less. Live more. Are these commands compatible or does one suggestion negate the other?

It’s true that you only live once, and you want to make the most of the one life you’ve been granted. That’s all the more reason to spend wisely and get the most for your hard-earned dollars, allowing for time freedom all the more quickly.

No one likes to be told to spend less. It can feel like an assault on one’s current lifestyle. If lifestyle is important to you, though, this may be the message you need to hear.

Spend Less. Live More.

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I’ve had the opportunity to taste that good life that most people, including a younger me, often daydream about. The pampered life with all of the finer things.

The Good Life

I’m not saying we can’t have nice things. If you cut back anywhere and everywhere possible, you could find you’re not enjoying life no matter how much progress you’re making financially.

Ramit Sethi recommends you “spend extravagantly on the things you love, and cut costs mercilessly on the things you don’t.” Just don’t take the most expensive option at every turn in your life. Make it a treat and you can still meet your money goals.

Note that spending and net worth gains are inversely correlated, especially in the accumulation phase of wealth-building. A dollar spent is a dollar not saved or invested.

The Loose Correlation Between Spending and Happiness

When your baseline is to not spend much at all, as you open up your wallet, you can really improve your life and life experiences in meaningful ways. 

When you spend less, you can live more. How so? First, when you create a wide gap between what you earn and what you spend, it’s actually much easier to say yes to one-time expenditures.

Live More

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