- An example of a person who lives by this philosophy is someone looking to get involved in various activities that allow you to make more income. Reading about the subject I found an extreme case of a person telling her story and commented that has 15 different revenue sources, if clearly opposed to the advocates of extreme frugality, as this person does not focus on reducing spending, but increase income.
- Ultimately, the goal of both approaches is the same: leave a balance from month to allow us to save, invest and hope for a healthy financial situation and desired future while enjoying life. Some get it and generating revenue while maintaining the opportunity to save spending less, others do it to maintain their spending patterns and generating the same opportunity to obtain higher incomes that allow afford that lifestyle and leave a remnant.
- Which of these approaches is correct? None. As always, nothing is extremely good. And in this case, the person seeking to minimize their costs may not be living fully deprived of many things, while the person seeking
increase their sources of income could be so focused on winning rather than not have enough free time to enjoy the benefits of their income. - Striking a balance is a good strategy. We can act frugal (such as going out to eat one instead of three times per week) and, simultaneously, to find additional revenue sources that allow us to receive more, but no significant lead-time sacrifices. In the end, each of us knows what he likes, what he wants and what he is willing to do to live a full life and having personal finances healthy.