Comments on: Cutting Costs Will Make You Broke http://www.whatyoufocusongrows.com/blog/2006/11/22/cutting-costs-will-make-you-broke/ Self Help For Intelligent Business Owners Thu, 24 Jul 2008 17:32:32 +0000 http://wordpress.org/?v=2.0.5 by: Dylan http://www.whatyoufocusongrows.com/blog/2006/11/22/cutting-costs-will-make-you-broke/#comment-5087 Mon, 24 Mar 2008 23:04:33 +0000 http://www.whatyoufocusongrows.com/blog/2006/11/22/cutting-costs-will-make-you-broke/#comment-5087 I disagree. I feel that you run a high risk that people reading your article will take this as an excuse to go buy a luxury car instead of something appropriate for their income. Many middle income earners stay that way for life because they lack the discipline to focus on wealth/abundance as you suggest WHILE staying frugal. It isn't a failure to avoid spending money unwisely. Do you really need that V6? Wouldn't want to suffer without power seats. My god, now wonder most people live off credit for their entire lives. You'll notice that the 2/3s of millionaires are STILL driving those average cars when they are millionaires... you know why? Because they realize that they just don't NEED more than a safe, clean car to live. I'll bet that instead their money is giving them what matters in life: Freedom to travel, own cottages away from their residence, live for things of value to them... perhaps showing off wealth in an overkill vehicle turns some peoples crank I suppose. Staying as invested capital, providing them the next 20 years of security from the returns on those investments. And so on... Cheers, Dylan I disagree. I feel that you run a high risk that people reading your article will take this as an excuse to go buy a luxury car instead of something appropriate for their income.

Many middle income earners stay that way for life because they lack the discipline to focus on wealth/abundance as you suggest WHILE staying frugal. It isn’t a failure to avoid spending money unwisely. Do you really need that V6? Wouldn’t want to suffer without power seats. My god, now wonder most people live off credit for their entire lives.

You’ll notice that the 2/3s of millionaires are STILL driving those average cars when they are millionaires… you know why? Because they realize that they just don’t NEED more than a safe, clean car to live. I’ll bet that instead their money is giving them what matters in life:

Freedom to travel, own cottages away from their residence, live for things of value to them… perhaps showing off wealth in an overkill vehicle turns some peoples crank I suppose.

Staying as invested capital, providing them the next 20 years of security from the returns on those investments.

And so on…

Cheers, Dylan

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