An important insight he misses: the goal is not to eliminate "wasteful" spending in every one of the areas he lists, or to save in every one of the areas he ide

An important insight he misses: the goal is not to eliminate "wasteful" spending in every one of the areas he lists, or to save in every one of the areas he identifies, or to be a complete cheapskate in every way possible. The goal is to figure out what's actually important to you and find ways to refocus spending away from the unimportant stuff into the important stuff. If having a big house is not really that important to you, don't pay extra for it; if eating out isn't that important, do it less; if having the top-of-the-line camera is something you care about, take what you save from having a smaller house and not eating out and use it to buy the camera you want. A lot of people believe they can't afford nice stuff, but often it's simply a matter of priorities and analysis.