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Episode 3180:
Liz of Frugalwoods lays out a powerful mindset shift: frugality isn’t about deprivation, it’s about compounding small, consistent choices into lasting financial freedom. Through relatable examples like DIY haircuts and slashing repeated monthly expenses, she shows how simplifying life can actually multiply your long-term wealth and happiness.
Read along with the original article(s) here: https://www.frugalwoods.com/2016/06/27/frugality-is-a-compounding-game/
Quotes to ponder:
"Frugality is a compounding game. Or more accurately, money is a compounding game: either it compounds in your favor if you’re saving and investing, or it compounds to your detriment in the case of debt."
"We are what we repeatedly buy. And our ultimate financial destiny is enshrined in the spending decisions we make on a daily basis."
"Hair will grow back; your money won’t."
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Optimal Finance Daily - Financial Independence and Money Advice