Money—making it, spending it, investing it, losing it—is the source of much of the stress that infests our lives. Money is a metaphor we use to describe stress, and we attach it, often in unhealthy ways, to the time we have given to us in our lives. This blog explores the connections between personal finance and stress control.
The trick to living debt-free and building wealth is simple: live within your means. Never commit yourself to paying out more than you have coming in. Frugal habits are often the habits of simple living, and so simplicity is a path to frugality, to self-sufficiency, and ultimately to wealth.
Simple living also is a pathway to freedom from stress. We can’t do away with all the stress in our lives—that would make for a pretty boring existence. But by cultivating habits that lend themselves to frugality and clutter-free living and by focusing on what really matters in life, we can cut out a lot of static and distraction.