Why You Should Be EXTREMELY Frugal

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A recent study found that 59% of Americans don't have enough savings to cover an unexpected $1,000 emergency expense.

That’s mind-blowing, right? More than half of the population!

Living paycheck to paycheck is stressful, but it doesn’t have to be that way. I’ve been living frugally for years, and it has not only transformed my finances but also my outlook on life.

With the cost-of-living crisis, high inflation, and so many people in debt, I feel being frugal should be the norm in society. Because if you can control your money, you have more options—and, ultimately, more control over your life.

So today, I want to share 7 reasons why you should be extremely frugal.

CHAPTERS:

00:00 Intro
00:36 1. Rising cost of living
01:33 2. Nobody is going to hold your hand and save the day
04:02 3. Job security is a fading myth
06:10 4. Money = freedom
07:28 5. If money gives you freedom, debt takes it away
08:19 6. Build long-term wealth
09:34 7. True wealth is knowing you have enough

Resources mentioned in video:

• Most Americans can't afford a $1,000 emergency expense, report finds: https://www.cbsnews.com/news/saving-m...
• Psychology of Money – Morgan Housel: https://a.co/d/h8uwkEU
• Lost and Found – Geneen Roth: https://a.co/d/6kPlyCq

This video is sponsored by Skillshare

– WHAT TO WATCH NEXT –

Frugal Living: How To Want What You Already Have:    • Frugal Living: How To Want What You Alread...  

– LINKS –

☕️ Buy me a coffee: https://ko-fi.com/petercook
📚 Interesting books to read:
• Stoicism For Beginners: https://a.co/d/hPU8GTX
• Minimalism 101: https://a.co/d/bJkA6Lt
• Declutter Your Life: https://a.co/d/carqttB

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