What is your motivation for being frugal? Is it out or necessity or is it so you can save for early retirement or some other goal? Personally I consider myself frugal and dream (also plan) of a life where I live very modestly on a sailboat but here is my dilemma- I spend a lot of money (75k annually) acquiring property and adding renovations to the properties and tools with the ultimate goal of building passive income. I've been lucky buying cars and other things that are worth more than I paid for them...Should I just cash in now and retire early on cash or should I keep trying to build wealth and passive income? Im 43 and I'm wanting to enjoy my good years but also at the same time know that if I stop hustling my money may run out before I die.
February 05, 2021 at 09:25PM
