Living below your means can lead to financial security even with a low income. Being broke often results from living beyond one's means rather than low income. It is essential to focus on delayed gratification, live on less than what is earned, avoid comparisons, and prioritize what is right for one's family and life to achieve financial stability.
The Minimalists speak with author George Kamel about letting go of past financial mistakes, frugality vs. minimalism, and how much money The Minimalists have. Watch all 2 hours of episode 426 on The Minimalists Private Podcast.
Discussed in this episode:
How can I let go of my past financial mistakes? (02:15)
What’s the relationship between frugality and minimalism? (15:25)
Are The Minimalists millionaires? (22:29)
How can I let go of my LEGO collection? (35:54)
Detailed show notes: minimalists.com/podcast
Join The Minimalists Private Podcast: minimalists.com/support