This school of thought seems to appeal to some physicians however physicians are mostly notorious for keeping up with the Joneses. Perhaps there’s an expectation of what we feel we deserve after years of sacrifice.
1. There’s only so much you can cut. You can’t eliminate your basic expenses, so you have to draw the line somewhere. 2. Frugality can lead to deprivation. You may find that life is only about denying yourself the good life, and all you focus on is what you can’t have.
On the other side of the coin, we have the option of earning more. Why focus on skimping on that $4 coffee? Instead, figure out a way to make double that expense in the same amount of time.
1. Unlimited upside. 2. Focuses on a life of abundance and potential rather than a mindset of scarcity and denial. 3. One of the secrets to happiness is feeling like you’re constantly growing.
1. You must step outside of your comfort zone and be bold about it. 2. You could end up working more and having less time. 3. Earning more to cover your lifestyle doesn’t necessarily require the same discipline that saving does.