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All the Hacks with Chris Hutchins cover image

The Simple Path to Wealth and FU Money with JL Collins

All the Hacks with Chris Hutchins

NOTE

The Tyranny of Must Haves

Financial independence is not solely determined by savings rates; it also hinges on one's willingness to adjust lifestyle and overcome psychological barriers. While some individuals may adopt aggressive savings strategies, others can achieve their goals with more moderate saving habits, though it will take longer. However, many struggle to let go of lifestyle choices like expensive homes and luxury items, leading to a cycle where their desires inhibit their financial progress. Embracing fewer 'must haves' in life can significantly increase the likelihood of achieving financial independence.

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