Frugality
When you hear the word frugal, what do you think of? Most likely you think someone who is frugal collects lint and never leaves the cave. In reality the definition of frugal is "economical in use or expenditure; prudently saving or sparing; not wasteful" (dictionary.com). The opposite of this is of course wasteful. If you want to build wealth, you have to learn to be frugal. It's not what you make, it's what you keep that makes the difference.
Homework:
Start today to find little ways to save money. The possibilities are endless so be creative. From utilities to groceries and clothing there are ways to trim the fat and save. Remember there are only two sides to this equation- income and outgo. Take control of your outgo!
"Industry is fortune's right hand, and frugality its left." John Ray
"Without frugality none can rich, and with it very few would be poor." Samuel Johnson
"The way to wealth depends on just two words, industry and frugality." Benjamin Franklin
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