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Jonathan Clement's Blog: A Rich Life: Frugality

FYI: AM FRUGAL and I feel fortunate to be so. Indeed, among all the financial skills I’ve learned, frugality stands out as the most powerful. But at the same time, I also feel affluent. This might seem like a contradiction, but the mindset of frugality and the feeling of affluence strike me as two sides of the same coin.

Frugality is often associated with being cheap. Frequently, “affluent” is used interchangeably with “wealthy.” I beg to differ. Frugality is about avoiding spending on things that have little value, while affluence is about having things that truly matter. I believe it’s possible to strike a balance, so you’re frugal and affluent at the same time.
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