Lessons In Frugality From A Rich Guy
Ron Holt
346

Fascinating.

This is a textbook example on how to fail in spite of making all those dollars.

You sacrificed most of your 20s to save what is a paltry sum in the scheme of things, saving pennies at the expense of dollars at the expense of everything else in life.

You sacrificed your friendships by mistakenly focusing on the cost of restaurant visits and missed the fact that the true cost was the missed opportunities to build and nurture your relationships. You can always make more money but those opportunities are gone forever.

You continue to sacrifice your health needlessly. Even now, as a wealthy man, you choose to eat potato chips and drink coke for lunch each day to save a few measly bucks. Do you realise how much this must affect your ability to think and work effectively every single day? Wouldn’t it make sense to spend $20 a day on a healthy meal at a local restaurant (total cost: $5k per year)?

Frankly it would make even more sense to pay a personal chef to supercharge your body with high quality food and a personal trainer to get the most out of said body (something that comes up again and again from billionaires such as Richard Branson as the single most important ingredient in their continued success and superhuman productivity). It might cost you $100k a year, but that investment could mean $1m more in your pocket per year and many more years alive to enjoy with your wife, children and eventually your grandchildren.

This decision alone probably costs you hundreds of thousands if not millions a year in lost cognitive ability, not to mention all that fat and sugar hastening the onset of diabetes, heart disease, obesity and probably an early death. On a long list of insane admissions, this is probably the most insane. It makes no sense at all. Your frugality habit is so engrained that you are making illogical decisions and proudly broadcasting them as virtues.

“My personal net worth is pretty darn impressive in fact.” No, it’s not. All you have is money.

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