Health and Wealth

5. Save as much as you can

Remember that the one who has the most is not the richest, but the one who needs the least. For this reason there is a new concept in town: minimalism.

Minimalists preach that it is possible to live with fewer things. Example It is not necessary to have 20 clothes if you can live with 5.

It is called frugal living.  The objective is to reduce  expenses and start saving money. 

To give you an idea, in 1958 Warren Buffett bought a five-bedroom house for $31,500 and hasn’t moved since. His net worth from him? A staggering $90.3 billion. He can afford a bigger and more expensive house. But his restraint could be the reason why he is one of the richest people in the world.

Mark Zuckerberg (the founder of Facebook)  literally wears the same shirt every day.

How to achieve financial freedom? Buying less can really help you get rich. By spending less, two things work in your favor. First, you will have more money to spend on your financial freedom. Second, you’ll learn that you actually need a lot less stuff to survive, which also helps you save more money.