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But does that same rule apply whenyoure loaded?
As it turns out, even millionaires like to stay frugal, too.
Below, both we explore he and Yangs reasons forembracing this bang out of frugal mindset.
I double-check that my spending is focused on whats essential, whether its for my business or personal life.
He said this means not getting caught up in luxury or impulse purchases that dont align with his goals.
I avoid unnecessary expenses that can quickly add up by focusing on needs.
This helps him live on a predetermined budget and ensures that hes consistently investing in his future.
This mindset shift from spending to investing has been crucial.
I still drive a reliable, used car and I dont splurge on the latest gadgets or luxury items.
Its about keeping your lifestyle modest, no matter how much your income grows.
Yang advised the same.
This ensures that my standard of living remains constant, even as my income grows.
Mindful Budgeting
I track every dollar that comes in and goes out, Mello explained.
Its easier to stick to frugal habits when your peers value the same things, he said.
This community reinforces my commitment to living below my means and avoiding lifestyle creep.
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