For so many, financial freedom is a daunting task. Getting started doesn’t have to be painful. It’s as easy as picking an outfit.
Enter, the French fashion philosophy of quality over quantity. Think of a Chanel blouse: timeless but requires significant sacrifice to start. Just as this principle (and shirt) stand the test of time, there are similar foundational principles to a successful and healthy financial life.
Some of the financial principles that come to mind are:
- Spend Less Than You Earn: My grandfather has always told me to “watch the pennies, and the dollars will count themselves.”
- Selective Enjoyment: In his book, “I Will Teach You to be Rich,” Ramit Sethi says this: “Spend extravagantly on the things you love and cut costs mercilessly on the things you don’t.”
- Have a Plan: Rainy days and unexpected things will happen from time to time, so it is important to have a plan with clear cut goals to refocus you during uncertainty.
For more on each of these principles, head over to read the full article at West Knoxville Lifestyle.