Millionaire or pauper, it's your choice

  “Those who successfully build wealth believe that financial independence is more important than displaying high social status.” I believe that “rich” means “free” – free from financial worries, free from the need to work full time whether you want to or not.

Beware of Consumerism

  Consumerism stands in sharp contrast to financial freedom, because it enslaves you. Unless you were born into money, and assuming you belong to the middle class or the upper middle class, consumerism will keep you in whatever class you were born into, forever. You will not be able to accumulate wealth, because you will spend too much. Perhaps you will be temporarily soothed by the act of buying and consuming, but you will never be truly free.

Living Below Your Means

  No one can build wealth without living below their means. This is an absolute must, either pretend you're working for less or make a commitment to put future pay raises into savings. I've said it many times on this blog , if you can't do this there is no chance of retiring early or retiring at all. See you next time, Finwiz.