HIGHLY

I highly recommend you do not become accustomed to being cheap. Not to be confused with cost efficiency. Cost efficiency is good. Cost efficiency is great. But being cheap is a whole different mindset. There's a fine line. Effectively, the way I see being cheap is like making continuous rational decisions to inconvenience yourself or even others in the name of being cost efficient. Emphasis on the irrationally. I think if you do that too often, you get to a place where it becomes your default. And I actually think it has more of a negative than a positive impact on your financial outlook. I wrote a substack recently titled You're only as rich as you can think. And essentially I talk about how you have to think bigger. You have to think about more. You have to immerse yourself in environments that make you think bigger, want more, etcetera, etcetera. Surround yourself with particular people and so forth. Have a read, let me know what you think. But essentially getting accustomed to being cheap is probably what I would deem as actually the opposite of what you'd like to have as your reality. And subconsciously, I genuinely think that your mind now becomes accustomed to being living less, not spending, etcetera, as opposed to being able to think bigger, more. Whereas constantly spend, mindset shrinks it. It shrinks your thinking because you're pulling back more than you are expanding. Of course, reckless, you're not saying spend money you don't have, you're not saying make irrational decisions in the hopes to have more money in the future. But I think there comes a point where the highest return is not in expense, return is found in trying to attain that. And that can be increasing your income, improving your skills, growing your network, even just creating more opportunities for yourself will deliver a higher return than you can achieve by trying to grasp every single living penny that you have. And I've said so many times that I do not believe that you can save your way into wealth. Eventually, wealth will not come from saving every 30 pounds that you can get your hands on. You're going to have to think about how you make the 30 pounds, the 300, the 30k, the 300k to actually achieve the wealth that you're looking for. And your financial outcomes are a reflection of the standards that you actually do have for yourself. So if you become accustomed to being cheap again, not to be confused with cost effective. So there's only so far financial outlook that you can actually take you because the way that you're thinking is also quite constrained. And when it's all said and done, you're actually only as rich as you can think. That means, by all means, save your coin where you need to. But be careful not to become accustomed to being cheap in the name of cost effective. Think way more than you think you're trying to save.