Indeed! This line especially stuck out for me: > Your spending decisions should be tied to the money that’s already in your bank account, not to the contracts

Indeed! This line especially stuck out for me: > Your spending decisions should be tied to the money that’s already in your bank account, not to the contracts you’re signing right now. No! Your spending decisions should be based on what you need to buy, and you should work to reduce that as much as possible. My wife and I spend $35k/year and live very well. We currently make about $110k after taxes, but we would spend exactly the same no matter whether we made $40k or $400k. We have figured out that happiness isn't bought with money. The other nice thing is that every year we work, we bank two year's worth of living expenses. At that rate it doesn't take long until you don't need to work for a living any more.