Lifestyle VS Luxury? How To Escape GA & Paycheck to Paycheck Living

Living below your means is a financial strategy that involves spending less money than you earn, with the aim of saving and investing the difference. This approach can help you achieve financial independence and improve your future prospects. By adopting a frugal lifestyle and being mindful of your expenses, you can save money for emergencies, retirement, and other long-term goals. Additionally, investing your savings wisely can help you grow your wealth over time, allowing you to achieve a better quality of life without relying on excessive spending.
In this episode, I share the benefits of not trading your lifestyle for luxury. I share the benefits of attaining financial freedom through living below your standards to save and invest more for a better tomorrow. I talk about why people should build their foundations in their 20s, how the lack of financial literacy is tearing us down, and tips to attain financial freedom. Tune in to learn more about this and other exciting topics!
Timestamps
[01:52] Not trading your lifestyle for luxury
[03:05] The goal of attaining financial freedom
[03:46] The women on welfare
[06:20] Use the government resources that are available to use
[09:06] People should create their foundations in their 20s
[10:34] How the lack of financial literacy is tearing us down
[13:00] The benefits of living below your means
[18:00] Saving and budgeting
[20:00] Tips to attain financial freedom
Notable quotes:
● “There is so much money out there that our only choice is to get up and get some more but be smart with your moves.”
● “The goal is to attain financial freedom.”
● “Your health is wealth. And it’s not just your body but your mind, soul, spirit, and mouth.”
● “Your 20s are not for wasting but building a foundation for the future. Knowing what you want to do with your life and what career path you are going to take.”
● “ Learn to take care of your stuff, cherish what you have, and use what you got and make the most of it.”
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