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Episode 3704:
Chris Guillebeau explains what sufficiency means to him: having enough, and knowing precisely what enough looks like. He argues that self-awareness is the most important principle of personal finance, since frugality and generosity have nothing solid to rest on without it, and that scarcity thinking is the default setting for most of us. Once you know your own number, he says, you have a walk-away number, and you can focus on building a life rather than a bank account.
Read along with the original article(s) here: https://chrisguillebeau.com/sufficiency/
Quotes to ponder:
"It means having everything you need and not lacking for anything."
"Would I accept more money if it fell down from the sky? Yes, of course. Free money is good. However, would I walk very far to pick it up? No, probably not."
"You can start to focus on building a life more than building a bank account."
Optimal Finance Daily is a daily personal finance podcast where we narrate the best articles on financial independence, investing, saving money, and money management, read to you by a professional narrator so you can grow your wealth a little more every day.
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