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Time Fixes Most Financial Mistakes Because You Grow Richer
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Time Fixes Most Financial Mistakes Because You Grow Richer

Financial Samurai·Financial Samurai·20 days ago
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One of the issues we frugal people despise is going through buyer’s remorse. We don't want to feel stupid or ripped off, so we tend to buy fewer things and experiences. Minimalism and early retirement go hand in hand. We're always looking for a deal, partly to minimize disappointment. And if we can get something for free, even better. But there’s something interesting that happens over time that most frugal people who should spend more money don’t fully appreciate. And that is, over time, we tend to grow richer, which makes all luxury expenses or stupid spending mistakes feel smaller and smaller. In other words, the natural progression of our wealth helps reduce our buyer’s remorse over time. Therefore, we shouldn't be afraid to let loose once in a while, especially as we get older. Buying Too Much Car Is A Common Personal Finance Error The classic luxury expense is a car that costs more than a Honda Civic.…

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