11 responses

  1. MoneyAhoy
    October 25, 2013

    I like your statement about high cost friends. I know they’ve completed studies that show if you have overweight friends, you’re more likely to be overweight. I am very sure that similar results would surface for friends that spend much money.

    Reply

    • Kevin Mercadante
      October 26, 2013

      I don’t think we even need studies to know this is true. Some people have expensive tastes, expensive hobbies, or are overly impressed with all that glitters. They may be good people otherwise, but we often can’t afford to count them as friends, especially when we’re trying to get a handle on finances.

      It’s often said that we’re the average of our five closest friends. If you’re five closest friends are high cost, you’ll likely adopt the same lifestyle.

      Reply

      • MoneyAhoy
        October 29, 2013

        Kevin,

        Good point here – we really don’t need a study to tell us what we already know :-)

        Reply

  2. Amy Hackmann
    October 23, 2013

    Seems like being frgual is made out to be “not enjoyable”, can guarantee you that those who live like this are the ones who can build wealth and retire early with financial independence. eg. Mr Money Mustache and Jacob from Early Retirement Extreme from down sizing to riding their bikes, they have an enjoyable life.
    From a Christian perspective, it’d be great for God’s ppl to live more simply and not consume as much and to enjoy it when they do so they can give more money for eternal investments impacting the Kingdom of God!

    Reply

    • Kevin Mercadante
      October 23, 2013

      I completely agree Amy, on all fronts.

      Reply

  3. Untemplater
    October 21, 2013

    That’s a good point about reminding yourself it’s temporary. It’s hard to make sacrifices and often we avoid them because we’re too afraid of change or how it will affect our lifestyle. Focusing on it being temporary and for a bigger cause helps a lot.

    Reply

    • Kevin Mercadante
      October 23, 2013

      Yes, it’s best to think of it as being on a diet, which means it needs to be temporary.

      Reply

  4. Kevin@OutOfYourRut
    October 17, 2013

    The temporary factor is critical with extreme frugality. Making it a permanent lifestyle would be like being on a diet for the rest of your life. You can’t sustain that, and eventually the whole strategy would blow up with a loud bang.

    Reply

    • Kostas @ Finance Zone
      October 22, 2013

      Nice comparison to a diet for life. I’ve been through different phases in my life were being extremely frugal was required, but reminding myself it was the only way to reach my end game, was what made it work.

      Reply

  5. The College Investor
    October 17, 2013

    Sometimes the only way to solve a financial problem is to go to the extreme of being frugal. Being realistic about your situation, accepting it, but making sure to remind yourself very often that it is only temporary, you just need to keep working harder to make it so, will certainly help to make you feel better about it.

    Reply

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