10 Frugal Living Habits That Made Me Wealthy

Being wealthy is about developing habits that allow you to enjoy life without setting you back financially. In this video, I share 10 frugal living habits!



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Building and maintaining wealth in your life is about developing habits that allow you to enjoy life without setting you back financially. In this video, I share 10 frugal living habits that made me wealthy.

1. Enjoying The Outdoors

Many people have hobbies that are very expensive and end up hurting them financially. If you can find enjoyment from doing simple things, like spending time outdoors, you can become wealthy easier as your hobbies involve not spending money.

2. Learning To Cook Good Food

Many people avoid learning how to cook and end up spending a lot of money on eating out. When you learn how to cook good food, it makes you not want to go to restaurants as much, which allows you to save money.

"Lomo Saltado" Recipe: https://www.food.com/recipe/lomo-salt...

3. Surrounding Yourself With Like Minded People

You are who you surround yourself with. If you surround yourself with materialistic people who want to spend a lot of money, you will spend more money and it will become harder to build wealth. However, if you surround yourself with like minded people who are frugal, it is easier to build wealth.

4. Not Being Picky

Many people have standards so high that anything that they avoid anything that creates a slight amount of discomfort in their lives. If you become more open minded and lower your standards a bit, it's easier to build wealth.

5. Seeing The Financial Advantage Of Youth

When you invest in the stock market, you can build your wealth to something substantial over time; however, the truth about compound interest is that it is really important to invest as soon as possible because the sooner you invest, the more time the money has to grow.

6. Never Living In Extremes

It's important to diversify the things you find enjoyment in, in life because if you live an extreme life of avoiding things, it will eventually make you feel like you are depriving yourself. Having a balance allows you to enjoy life without feeling deprived.

7. Staying Healthy

Your health is a huge component of wealth building. When you are not in good health, it can cause many financial problems in your life because you become more limited. When you take good care of your health, both your body and finances improve.

8. Always Being Optimistic

Most of the information we hear on the economy is bad news that makes it sound like we are headed to bad times; however, this is because bad news gets more attention than good news. If you live your life as an optimist believing that we can overcome anything, you will live a wealthier life.

9. Be A Lifelong Learner

It's important to never stop learning in life and gaining new skills and knowledge. The more skills and knowledge you have, the wealthier you will become.

10. Finding Enjoyment In The Simple Things

People often have trouble with their finances because they find enjoyment through very complex things. If you can find enjoyment through the simple things in life, you life will be cheaper.

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