I have always been one to not suggest that people stop buying lattes and buy Microsoft stock. I don't really believe that hard working people will stop buying their lattes and I don't think many people strike it rich by sacrificing lattes. I do think that little things establish important habits and habits reflect a way of thinking and the way we think has a lot to do with being successful.
I was planning to buy some speakers recently and I searched and searched for the best value I could find. I wound up purchasing some $198 Infinity Bookshelf speakers that were rated as sounding very much like $1000 speakers. My long time friend mentioned that whatever I do it seems like he spends five times the money and it has been this way since we were in college together.
I do notice that when I compare my car and home purchases with my friend the five times ratio translates to the big purchases also. I drive $6000 cars and the average new car is around $30K. For me, having expensive stuff does not translate into a high quality life, but being broke directly affects my quality of life. I work harder to ensure I have financial margin than I do to get the best stuff. I hate unreliable stuff, so I do spend time to get quality. I am not afraid to get it used and I will wait for a deal.
The things I love and value are related to having time to do activities. The activities are usually not expensive, it is finding the time to do them that is challenging. I try hard to ensure I have time to do memorable things with friends and family and it directly involves sacrificing on the earning and spending front.
I also have a huge desire to break out of the rat race. I do not want to be in debt to worlds financial system and I don't want to barely make enough money at work to get to the next week. This drives me a save and invest money so that I become less and less dependent on my weekly income.
These principles drive me to live a somewhat simple life and they have helped me develop a significant financial margin and time margin and hence gain more and more freedom.
People definitely notice my little habits like bringing a lunch to work, only buying one latte per week, driving used cars, etc... These little things alone don't make a big difference though. It is the principles driving the little things that reflect a way of thinking which does make a big difference.
Whether your goals are similar or very different from my goals, I hope you are motivated to line up your lifestyle with your principles. I hope you are trying to break out of the rat race.
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