In America, we have a very materialist-driven society. By learning to value a “less is more” life style and not spend money every chance you get, you can wind up with more in your pocket — and in your business. Sergey Brin said it well, with “I was raised being happy with not so much” — his not so much has amounted to $22.8 billion.
9. Live below your means.
It can really all be broken down to this one simple rule — you may net $100,000 a year, but that doesn’t mean you should spend $100,000 a year. Don’t go out to eat at expensive restaurants every night, don’t buy a new wardrobe every season, don’t pick out a new car every year, and don’t go nuts redoing your home’s interior design. The saying might be that you have to “spend money to make money,” but once you’ve made money, you need to save it to keep it.
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