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BrainTeasers: Better To Live Cheap Under Budget, Than Live Luxuriously In Debt


Desire for a better life gets us more entrapped in the web of desires to overspend. Only by cutting away these threads of desires can we free ourselves and live a less stressful and more rewarding life by spending below our means. 
—— Dickson Idlier


There are two ways to live life:

1. Live in a way that we spend less than we make.

2. Live in a way that spends more than we make.

Spending exactly as you make does not happen as emergencies happen all the time, so is still in the second group. People would rationally choose spending less than we make but most don't. 

In our civilized society, we are constantly bombarded with advertisements promising a better life than you have... if and only if, you are willing to spend to get it. This is so ingrained in our subconscious, from the moment we become sensible, we subtly and unintentionally fall into this trap. Increased income doesn't quench our desires. Offers for better life grow with our income... nicer cars, bigger houses, fancier meals, more luxurious vacations... the temptation to overspend never ends.

The promise of a better life always lies just outside our current income. So we chase it, endlessly—always spending just a bit more than we have.

However, living cheap under budget is better than living luxuriously in debt.

Living within or below your means results in:

  • Self-satisfaction that cannot be purchased at a online store.
  • Restful calm at the end of the day can never be experienced at any fanciest hotel.
  • Genuine self-confidence that can never be purchased on a clothing rack.
  • Ever-present enjoyment that can not be duplicated with any fancy vacation.
  • Example for your family that can never be purchased with self-help courses.
  • Life well-lived with fewer regrets.

Try this small change and make a big impact to your lives as I did. 

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