Be a RICH frugal person
One of the most famous philosophers, writers and statesmen in ancient Rome is Marcus Tullius Cicero. But he's shown that even the privileged can practice frugality. Cicero was a frugal man, even though he had been born rich and had never had to worry about money in his life. In our current society, we have an extreme relationship with money. We see that people live on either of these two sides:
- Spending almost everything you've earned.
- Spending almost nothing you earn
Being frugal has always been considered a virtue but, very few people practice it in their own lives. This in my opinion is due to the perceived definition of the word - Frugal, for most people, means depriving yourself of something you want and could afford.
What if, you do not want something to begin with because you get your pleasure and identity from sources that cannot be purchased. Most people are wired to seek status and success, not necessarily happiness. Such people, reject what the world tells them they should want and look deeper, finding their happiness elsewhere.
Frugal lifestyle is a way of living that involves spending less, saving more, and finding value in simple things. Frugal lifestyle can help you achieve your financial goals, reduce stress, and live more sustainably. As someone working in the personal finance domain, "Warren Buffet" has always stood out for me as a proponent of the same. There are people closer home in India who practice frugal lifestyle. Ex-Infosys Chairman Mr. Narayana Murthy and Mrs. Sudha Murthy - They are known for their humble and simple lifestyle, despite being billionaire's. They live in a modest house, drive a modest car, and travel in economy class. They also donate generously to various social causes and encourages Infosys employees to do the same.
Frugal lifestyle is not about being cheap or miserly, but about being smart and mindful of your spending and saving. Frugal lifestyle can help you live a more fulfilling and meaningful life. Riches means abundance. Not only financially, but also mentally. If you are afraid to spend or lose money, you don’t have abundance, you’re thinking about scarcity.
Be a RICH frugal person. Live simply because it makes you grateful, peaceful, and focused on your work.
