A good guiding principle maximizes the upside and minimizes the downside. It delivers meaningful value without costing a ridiculous amount or taking excess risk.
You could maximize your financial upside by saving and investing every dollar beyond your basic needs. Don’t eat out. Cancel cable and streaming subscriptions. Don’t vacation. Don’t buy new clothes and shoes unless absolutely necessary.f
If your aim is to maximize financial upside, there are tons of available options for you.
But the downside costs you some life enjoyment and possibly exposes you to risk of missing out on great experiences and making enjoyable memories. The more extreme you cut things out to maximize the upside the more it costs you in the immediate downside.
Everything is training for something. Do the work.
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