The lyrics of John Conlee hold more value than just a catchy tune and snapshots of interesting hair styles. The truth is that living a common life is a definite way to a secure financial future. In fact the more simple and low cost lifestyle, the more you can succeed. It is important to steer clear of the urge to take the extravagant life without first being financially independent because while it is nice to cruise around in a Mercedes Benz, it can leave a serious dent in your bank account. What’s worse is that once you buy into the opulent lifestyle, it becomes easy to justify unjustifiable expenses.
As discussed before, the power of compounding is fueled by pinching pennies today so that you won’t need to do clip coupons in retirement (although there is no reason to stop being conservative with your finances). Don’t take this to mean that your life must be dull and unexciting. The key is to not depend on materialistic things to bring you happiness. Instead find something like a rewarding hobby or participate on a sports team, but find ways to keep your expenses down. If you have a passion for reading romance novels then instead of buying each book, take a quick trip down to the library and check it out for free.
If you happen upon some extra money, use it wisely. The most rewarding things to spend money on that will add value to your life are experiences. An adventurous camping trip with your family can give you stories to share and remember for years to come as well as give you time to bond and build stronger relationships.
In what ways could being a common man benefit you?