Why Being Frugal Is So Crucial To Achieving Economic Freedom

The "secret" to achieving financial independence and economic freedom is being frugal. That is what I believe is the most powerful tool that many of us can wield in our battle against economic hardship. Being frugal mean being flexible, and mostly self-reliant. It is more of a mindset than anything else. There's a big reason why cutting your expenses is often the first piece of advice given my financial advisors and coaches. The reason is that no matter what your income is, if you don't know how to reasonably control your spending, then you can never get ahead financially.
There are some areas in my life where I'm NOT Frugal:
• Spending Categories In...
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This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Before making financial and legal decisions, consult financial and legal professionals licensed in your jurisdiction. Some links provided may be part of an affiliate advertising program designed to provide a means of compensation for referring traffic and business to other companies.

[@OnCashFlow]

There are some areas in my life where I'm NOT Frugal: kzbin.info/www/bejne/qJrPeamMmJ59m5o

[@michaelwillis5814]

Love the video. I try to tell people the foundation of being financially successful is living below your means not sometimes all the time if u do tht u can survive in any environment

[@OnCashFlow]

Absolutely! It really is a skill that can be developed.

[@wildfoodietours]

The less you need, the more you have.

[@OnCashFlow]

A happy life doesn't require much!

[@TREK1305]

Eating out is one of the biggest thing that eat up income. I can feed a family of 4 for 2 weeks for $75: 64 eggs $10, 42oz jar of oatmeal $6, 2 bags of 5lb rice $7, 6lbs ground beef $30, 5lb bag of potatoes $4, 8lbs of apples $7. Eating out is costly & one cost many don’t include is maintenance on vehicle for driving to get food. It’s not that ur paying $33 for a meal it’s the mileage as well which ranges from .66 cents to 3.00 depending where u stay.

[@OnCashFlow]

Wow, $75 for two weeks and a family of 4 is crazy low!

[@simonxinpan]

Hi, Zach, Your videos are fabulous! I’m Simon Pan from China. Can we use your content?

[@OnCashFlow]

Thank you! Yes, I just ask that you follow KZbin's guidelines.

[@simonxinpan]

@@OnCashFlow Thank you very much indeed, Zach.

[@JaseVaughn]

That green card was the fidelity 2 percent cash back credit card right? lol. Good cc to use.

[@OnCashFlow]

Haha actually it is the Navy Federal Credit Union cash back card, but yes I like the Fidelity Card!

[@CalmerThanYouAre1]

Step 1: reasonable frugality Step 2: build high value skills Step 3: increase income Step 4: avoid lifestyle creep Step 5: repeat steps 2-4! 💯 Step 6: 🏖️😎🍹

[@OnCashFlow]

magnifico 🤌

[@_Feed_Me]

I calculated that cutting my own hair weekly, over the last 28 years has saved me +$25,000

[@OnCashFlow]

That's crazy! I do the same (well, the wife does) but I never thought about how much it has saved me! I bet its a lot!