The reader is forced to look at areas that will require significant sacrifice. This means looking at how much you’re spending on housing, transportation, food, and more. The means of doing this is that you really need to observe your expenses in the order of significance. This means cutting way back on your expenses, setting up a budget, and getting into the mindset and habit of living on less than you earn. The way he encourages the reader to get there is through frugality and lifestyle design. The reader is opened up to the idea that they must put themselves into a strong financial position early on, specifically $25,000 or what Scott dubs the “financial runway”. We will dive into Scott’s philosophy along with my reactions and thoughts.
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