Financial Planner - that's you!

A frugal person is a financial planner at heart. This is part of what comes with being oriented towards creating and conserving wealth.

Being financially oriented is perhaps the most important characteristic of a frugal mindset. The frugal person understands the value of having a target to shoot for, a meaningful goal, or at least some sort of vision of what financial success looks like.

If you intend to be financially successful, that means you have to plan for it, so be a planner.

An associate of mine is fond of saying: "If you don’t know where you are going, any road will get you there". I always add, "And when you arrive, you’ll never know it."

Establishing realistic and meaningful financial goals is a key to financial success. You have to know what your "end game" is with respect to your finances. Do you want to be financially independent, or do you just want to be able to splurge a little every now and then?

Regardless of what your "end game" is, you'll have to be a "financial planner" to get there and cross the finish line. Do it well and you'll cross the finish line. Do it very well, and you'll cross early.

Fail to do it well and you'll never cross it at all. You'll be on the outside looking in.

The frugal person understands that unless you clearly define what you are trying to achieve financially, you won’t be as well motivated, and you will be more likely to talk yourself out of steering your financial ship toward your goals.

If you have a strategic financial plan, you’ll have reasonable financial goals to go along with it, and you'll have something to shoot for.

Successful people are hard workers, smart workers and good planners. Success doesn't seek you out, you need to go get it. That means you'll have to be a planner with respect to your financial situation.

Good, bad or indifferent, it's in your hands.





Done with Financial Planner, back to Are You Frugal

There certainly is a broad scope of topics here at Frugal Living Freedom. When you think about it, money permeates so very many activities in our lives, therefore, being frugal encompasses a wide range of interests, from being employed to taking a vacation, and just about everything in between. Enjoy the variety, pick up some new ideas, and start making frugality a part of your signature.



I'm a big proponent of being debt-free, and I mean entirely debt-free - no mortgage payment. It's not essential for financial freedom, but you'll love the feeling once you get there. If you didn't have a rent or mortgage payment, how much more could you do for yourself with your current level of income? I suspect plenty.











If you ever hope to see an abundance of wealth, you need to plug the hole in your boat. The wealthy don't necessarily make lots of money, instead, they know how to hang onto what they make, and make it work for them.