6 Benefits Of Living A Frugal Life

The idea of frugal living can be a daunting one. Our society promotes the concept of “keeping up with the Joneses” and looking the part of financial success (without actually having it). At the same time, frugality is seen as a crazy, extreme lifestyle. And sure, when you embrace the frugal life, it can be jarring! But living a frugal life and truly managing your money is much more beneficial than putting up a false front of having wealth that doesn’t exist. So, whether you’re wading your way into frugality or considering taking the plunge, In this video we look at 6 benefits of living a frugal life.
━Contents of this video ━━━━━━━━━━━
1. Less Stress - 00:50
2. More Capacity to Give Back - 01:29
3. Helps Define Your Priorities - 02:04
4. More Possibilities for Retirement - 02:54
5. Freedom to Pursue Other Passions - 03:38
6. You Don’t Have to Keep Up with the Joneses - 04:23
━In this video, we try to answer these questions━
How to live a frugal life?
What are some benefits of living frugally?
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[@viclucy-personalfinanceinv7533]

Its so easy to increase your living when you surround yourself with a society that keep increasing their lifestyle and expenses. Growing up with not a lot made me realize that materialistic things isnt what really brings value to me. Great video :)

[@WisdomWealth77]

Well said! Thanks!

[@Dividendology]

Frugal living not only help build financial freedom but teaches life lessons along the way

[@WisdomWealth77]

Right you are!

[@ELI5FI]

I live well below my means because I don't like having financial stress. Even when I sometimes splurge on something, my level of happiness returns to it's baseline after a certain amount of time. Hopefully more people learned to live below their means so they can invest and grow wealth! Awesome video as always 👏👍

[@WisdomWealth77]

I agree, if you live below our means the occasional splurge is totally fine!

[@LucidInvesting]

I live fairly frugally, and definitely see the benefits from it! Great video!

[@WisdomWealth77]

Yes! Thank you!

[@selfworthgroup4361]

We make ourselves rich by making our wants few! Awesome updoal.

[@WisdomWealth77]

Yes! Thank you!

[@AdministrativeOffice-j9t]

True. I spend thinking it will relieve my stress and then I get stressed out when my bank account is low. I feel the most at ease when I see those dollar signs growing in my account.

[@wisdom-for-all]

“By sowing frugality we reap liberty, a golden harvest” [Agesilaus]. These benefits you shared are key considerations before buying unnecessary stuff powered by smart marketers 🖖

[@WisdomWealth77]

🙌

[@NinaKlan]

Living a frugal life means realizing that you don’t need much for your existence. If you have less, you have less worries - this is my motto throughout life, because I have always been an anti consumer and materialist. You have very well defined the benefits of frugal life ❤️

[@WisdomWealth77]

Well said! Thanks for tuning in!

[@moneymechanics77]

Frugality is definitely the way to go! Our culture though is very much into image, spending, and debt. It's well worth resisting the societal messages I think for our own well-being.

[@KelsAcosta]

Being frugal has allowed me to travel the world so much more! Learning more about minimalism has helped me to spend money on things that I find true value in .. nice upload 🔥👌🏽🔥

[@WisdomWealth77]

Love that!

[@PracticalInspiration]

In truth I have a naturally frugal mindset, which I suspect comes from my upbringing. I honestly feel uneasy with needless spending, so I actually do the opposite to an extent and have to push myself to invest more

[@WisdomWealth77]

I'm the same!

[@turisteandoentexas]

With one benefit is enough for me #1 PEACE OF MIND

[@WisdomWealth77]

Me too!

[@unorthodoxsavings9552]

Frugality is the quickest way to retire ! Great tips and excellent editing

[@WisdomWealth77]

It really is! Thanks

[@AlexiaHDIntuition]

Frugal is very different from being greedy or stingy but some people forget about it LOL Great content mate as always ;-)

[@WisdomWealth77]

Thanks 👍

[@TheWealthPrince]

Buying what you NEED and not spending money for the sake of it are two things that have helpd me get this far. Well done for this, keep it up! Have an excellent week!!✊🏾🔥

[@WisdomWealth77]

Yep thats right!!

[@financiallift6185]

I think going along with these, people need to understand, you can't let yourself "forget" the alternative. Like, you become frugal, start to stress less about money, then forget what it was like to be in debt and end up right back in it.

[@WisdomWealth77]

Well said! Thanks for tuning in

[@anthonycotterfinance5094]

Freedom is key. A few years of frugality will put you so far ahead. Great tips.

[@WisdomWealth77]

So true!

[@TradingWithCJ]

Solid tips mate! Smashed the like ofc!

[@WisdomWealth77]

Appreciate it!

[@LauraDreams]

It's all about prioritizing your spendings on the things that are most important to you. Thank you for the share,there are great benefits to being frugal! 💜

[@WisdomWealth77]

Absolutely!!

[@ShawnsImagination]

I love being frugal. It helps me prepare for my retirement

[@WisdomWealth77]

Right on!

[@akmclemore]

All of these benefits are awesome!

[@WisdomWealth77]

🙌

[@UnboxingJobs]

I really like your questions that will help us examine our priorities. Also being frugal can be fun with more freedom that can come with it 😎

[@WisdomWealth77]

I appreciate that :)

[@PositiveProgramming]

Good tips. Worth adopting especially during these economic times. Thanks for sharing.

[@WisdomWealth77]

Thanks for watching!

[@WealthWisdomFinancial]

I have been so behind in checking out your amazing videos. I think I am frugal of course in some ways and not so much in others. Im a huge fan of being frugal in a positive way!

[@WisdomWealth77]

We have all been super busy, even me!

[@GrowingFinancially]

Great video, This is so true, Agree, being more frugal helps you to be able to get your retirement earlier as you don't need that much. 😀

[@WisdomWealth77]

Absolutely!!

[@awarenesswithandrew9476]

yess stay in the creative mode! there's no need to compete. Great share my friend

[@WisdomWealth77]

I appreciate it! :)

[@jamesysmusic]

Yes frugal freedom!!! Love to retire early!! 👊❤️ Good video! Don't keep up with the Joneses!!

[@WisdomWealth77]

Yes! Thank you!

[@dreamsandmeaning2264]

I love this keep sharing my friend

[@WisdomWealth77]

Thank you, I will

[@TheTattooedRonin]

Great video with great life lessons. We just got to have discipline to not overspend or else we will spend most of our time living check to check.

[@WisdomWealth77]

That's right!

[@rockroyalgamer6426]

Very nice video 🥰😎😎😎😎🤓🤓🤓

[@WisdomWealth77]

Thanks 🤗

[@Frugal101]

Really fantastic love it. Really awesome points here love the visuals aswell

[@WisdomWealth77]

Much appreciated!

[@prokurbah]

Great video mate. Keep up the awesome work

[@WisdomWealth77]

Thanks a ton!

[@WolvesOfInvesting]

Frugal living is definitely a good way to build financial freedom faster!

[@WisdomWealth77]

Thanks!

[@JamesBrownInvesting]

Great video, some great insight!

[@WisdomWealth77]

Much appreciated!

[@anthony.tai.]

ive been basically living frugal since starting my channel haha

[@WisdomWealth77]

😅

[@KiaraHargrove]

Great video! 📈✅🔥🔥💯

[@WisdomWealth77]

Thanks

[@davidsdinero]

Frugal living is healthier living. No need to stress over money if you don't need much to stay happy (:

[@WisdomWealth77]

Exactly!

[@StayPositiveSTa]

The best way to retire, love this idea. ❤️👍🏾

[@WisdomWealth77]

Yes! Thank you!

[@JessicaKwon]

perfect!

[@WisdomWealth77]

🙌

[@DowsStockTalk]

It may not be a fun lifestyle, but it will definitely help you reach your financial goals. Sometimes having less is better

[@WisdomWealth77]

Very true!

[@SimpleLifeSG]

Being frugal sometime do make me happy. You do not really need the fancy things in life. Seeing my money grow in investment make me feel much better. haha 😂

[@WisdomWealth77]

😅 Mee too!

[@asiffoodandtaste9233]

Nyc

[@RJFinancial]

Just keeps things simpler. And when you do want to go after something on the expensive side its not an issue as you've been living modestly in all other aspects.

[@WisdomWealth77]

Yep, well said

[@WaysToWealth]

It's not how much money you make, it's how much you save!!

[@WisdomWealth77]

Thats true! :)

[@BURPEEyogauncle]

how much excess do one really need??? at the end of day..not much

[@WisdomWealth77]

Very true!