Can frugality lead to opportunities?
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Frugality can indeed lead to opportunities, as explained by on the . He emphasizes that frugality is not about deprivation but about creating space for potential opportunities by cutting needless and wasteful expenses. This approach enables people to live a better life by saving money, which eventually leads to greater financial freedom and the ability to take calculated risks 1.
, co-host of , further elaborates that frugality allows individuals to take more risks, especially in the early days. By paying off debt and slashing expenses, one can create a financial runway that makes taking entrepreneurial risks less daunting 2.
Overall, frugality helps in building a financial buffer, which in turn opens doors to various opportunities such as investing in oneself, starting a side hustle, or exploring new ventures, as highlighted by the examples shared in the .
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