Hi Jim,

IMO, the frugal aspect comes down to spending money on things you value and stop spending money on things I don’t value. During the workweek I carry around my own coffee thermos and pack all my own meals made at home, but if I want to go out to dinner with my wife I do because we value that time.

Also, I try and find ways to buy the things I do value for less. For example, there are tremendous ways to “hack” credit card reward points to travel for cheap.

Basically, I want to save and invest as much as possible until I have
“FU” money. Where if I lost my job, or I decided I hated my job and wanted to quit, it wouldn’t have a devastating impact on my life.

I’m all about “Financial Independence” but not as hung up on the “Retire Early” aspect.

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

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