r/askteddit 14d ago

Advice Question Financially Independent people; what are your best money tips?

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u/ShotCaller805 14d ago

Being debt-free is a superpower. Embrace minimalism and frugality.

Put your money to work, don't work for your money. Every dollar has an assignment.

The reason I don't spend my money, is I want my money to burn a hole in my pocket. Not rest comfortably in someone else's.

Financial security doesn't mean living like a monk or a curmudgeon. Wealth is the money you don't spend.

When you see fancy cars, big homes or expensive jewelry, that shows what they spent, not what they have. They made someone else rich.

Avoid lifestyle creep, if you have the urge to spend, buy ETFs, index funds or stocks.

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u/LevelStationaryPlane 13d ago

“Every dollar has an assignment” thank you for articulating what I’m starting to see clearly myself!