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Episode 3207:
ESI explores the idea of “moderate and selective frugality,” contrasting it with the extreme frugality of the Amish as described in Money Secrets of the Amish. He emphasizes seeking value over the lowest price, spending intentionally on what brings joy, and balancing frugality with a focus on growing income. This thoughtful approach encourages financial freedom while still enjoying life’s pleasures.
Read along with the original article(s) here: https://esimoney.com/moderate-and-selective-frugality/
Quotes to ponder:
"Use it up, wear it out, make do or do without."
"Moderate means that I like to be frugal to a point, but I won’t go so far as to buy something cheap simply because it’s the best price."
"Feeling gratitude for our ability to pay for things vs being bitter over money spent is a great sign that we are evolving in our relationship with money."
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