Principle 3: Live Frugally and Plan for the Future

4:43

20:21

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How I built my dream

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The speaker warns against spoiling oneself with frivolous purchases, using his own past mistake of buying a Corvette as an example of succumbing to ego instead of reinvesting. He stresses the importance of living frugally, staying lean and mean, and making decisions with a five-year future plan in mind. Every action and sacrifice made today will manifest its results in five years, underscoring the need for delayed gratification and strategic financial choices.

Goal: Practice financial discipline and make forward-thinking investment decisions.

What they say

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yourself you don't get to if you decide that you worth a new Corvette you just started your business but you got to show off cuz you're so cool cuz you made $100,000 go buy yourself a Corvette I made that mistake that was me I bought a Corvette dumbest thing I could ever do dumbest thing I could ever do ego that's my egole writing checks that my bank account wasn't ready to cash ended up selling that car and reinvesting it into another dump truck I can't show off dump trucks dump trucks don't pick up girls but dump trucks build businesses they build your future what I'm saying is reinvest everything do not SP yourself live frugally live tight live lean and mean and that's how you're going everything you do now everything you do today will have its effect in 5 years think of it that way it's a 5e future plan so everything that happens now won't come to fruition for 5 years so all of the decisions you're making now all the sacrifices you make now will come to fruition in five years so what we're going to be doing and now now I've have the blessing of busting my butt working as many hours as

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