A few (5-6) key frugal indicators offer more return on effort than several (perhaps 50-100) indicators combined. In other words the sum of fifty financial wisdom gems equal the impact of the top five key indicators combined.
An example: Pay as you go vs. use credit cards to get points/cash back/freebies. Pay as you go insures no debt. Pay as you go curtails lust for more goods.
Another example: Get as much education as possible vs. real world experience is the most important/Bill Gates never went to college. Lifelong learning is always a good way to make more money whether working for someone else or in your own business.
And a third example: Pay off debt as fast as possible vs. use debt to leverage your lifestyle/debt is a tool/get debt, get a tax deduction. Debt is a tool, but not nearly as effective as cash. Why? Cash instills confidence, lower prices and hope in the future. You barter better with cash. Cash facilitates a simple, Zen-like approach to life.
Although there are many ways to get financially free, its best to focus on a few key truths to get to your destination quickly and smoothly.
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