In the pursuit of financial independence and retiring early, living the frugal life is the key to achieving success. The lower your expenses, the less you need to save in order to achieve financial independence. By always keeping frugality in the back of our minds we are able to ensure that we are on the path to freedom. However, it may be taken too far at times.
Have you ever wondered how rich people keep getting richer and the poor can’t seem to build any wealth at all? Maybe you think it is because smart people get rich and poor people are dumb. That is not so. The rich aren’t really any better than the rest of us. They just learned at an early age the secret to continual building of wealth, compound growth.