1040-Friday Q&A: IT Outages, Preparing a Business for Sale, Scarcity Mindset, Mass Inflation, Teaching Children About Money, etc.
Radical Personal Finance
Value of Frugality and Strategic Skill Development
This chapter explores the importance of frugality at different income levels, advising seeking advice from those ahead for decisions and those far ahead for major decisions. It discusses opportunity cost, prioritizing high-value activities, and calculating hourly rates to achieve financial goals. The conversation emphasizes learning valuable skills strategically, especially sales, for long-term success and personal fulfillment.
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