“People who live far below their means enjoy a freedom that people busy upgrading their lifestyles can’t fathom”
— Naval Ravikant
Simplified Meaning:
When you spend less money than you make, you have more choices and less stress. For example, imagine Anna and Steve both have decent jobs. Anna always saves a big part of her paycheck, while Steve spends all of his money on new gadgets, expensive dinners, and luxury vacations. If their company suddenly goes out of business, Anna will be fine because she has savings. She can take her time finding the right job or maybe even start her own business. On the other hand, Steve will be in trouble because he doesn't have any money saved, and he's used to an expensive lifestyle. Anna can handle unexpected problems without worrying, while Steve would be panicking about paying his bills. Living simply gives Anna a kind of freedom and peace that Steve can't understand, and anyone can feel this freedom by spending wisely and saving money.
