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#371: Ramit Sethi — Automating Finances, Negotiating Prenups, Disagreeing with Tim, and More
The Tim Ferriss Show
Is There a Limit to How Much You Can Cut?
If you want to reach all your financial goals by cutting costs, the maximum amount that you can cut is 50. But if you're not simultaneously looking at income generation or increasing income, it can be really problematic. So i always like to spend extravagantly on the things i love, but cut costs mercilessly on the things I don't know about. For example, there's a lot of things in my life that are highly frugal, especially for the income that i have. And i like having little places in my life where i intentionally impose scarcity. If you just go out and buy everything you can, i think you're on a quick path to a bad play.
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