Comments on: Create Your Own Financial Time Scale

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Sat, 11 Nov 2017 15:09:10 +0000

In reply to Robert Tanguay. There's nothing wrong with owning things as long as they add value to your life. I just think most young people are too quick to inflate their lifestyle by buying things that actually don't add value to their life, which screws them financially. It helps to be aware of what things actually enhance your life and only bring those things into your life. This helps foster a mindset of gratitude and it helps save money.

By: Robert Tanguay

Robert Tanguay — Thu, 09 Nov 2017 15:32:46 +0000

Great post as always, Zach, and I agree with it almost completely.

The exception is that I like things. Quality things that I can use or enjoy, and sell should I need money for close to what I paid for or even more.

Having all your wealth in one or two markets isn’t safe either. Inflation is over 2% and the value of the USD has gone down 10-15% since Trump took office (1 year).

Just some things to think about.

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Sun, 15 Oct 2017 12:28:05 +0000

In reply to Monu.

Monu, you bring up a great point. I’m not advocating spending no money at all, but rather being highly selective with what you spend on and recognizing that you don’t have to buy a new house, car, etc. and experience lifestyle inflation as soon as you can afford it. This way you can save a ton of money but still do fun things (i.e. bungee jumping) if you feel like it.

Check out these two articles if you’d like a more in-depth look at my thoughts on spending money:

https://fourpillarfreedom.com/the-joy-driven-guide-to-spending/

https://fourpillarfreedom.com/align-your-spending-with-your-unique-nature/

By: Monu

Monu — Sat, 14 Oct 2017 19:26:35 +0000

I totally agree to whatever you say but there is one caveat. How will you answer to those who questions if you don’t spend money on the things you enjoy now (i mean when one is young) then that money will not worth when you are old.
Lets say bungee jumping that costs 500$ ,I would love to do it when i am young and in my 20s. But once you grow old you may not even feel like doing such a thing.Isn’t it?
I understand not to buy a house and take debt but you must not be frugal enough so that you don’t do what you like. If travelling is your passion then you much work extra hard and fulfil it .

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Fri, 13 Oct 2017 10:29:30 +0000

In reply to Michael.

Michael,

Thanks so much for the kind words, I really appreciate that! I like to think that the graphics add an element to the articles that makes them more interesting and fun to read. Thank you for the congratulations, best of luck on your own financial journey, and be sure to stay in touch 🙂

By: Michael

Michael — Fri, 13 Oct 2017 09:49:12 +0000

Zach,
Your blog is the first thing I read in the morning. I really enjoy the graphics that you create — this is what separates you from other people in your “side hustle,” in my opinion.

Congratulations on your growth mindset, the new job, the new place, and here’s to all of your hard work!