The Key to Happiness. Financial Discipline and Living Within Your Means

An important component to happiness is living within our means.
 

In today’s consumer driven world, it’s easy to fall into the trap of overspending and living beyond our means. However, a growing body of evidence suggests that those who can develop financial discipline and learn to live within their means are often happier than those that don’t.

Freedom from financial stress
Living beyond our means often leads to financial stress and anxiety. Having to constantly worry about your bills, your debts and making ends meet can have a toll on your mental wellbeing. In contrast, individuals who practice financial discipline experience the freedom of living within their means.

Enhanced control and empowerment
Developing financial discipline empowers individuals to take control of their financial lives by setting budgets, by tracking expenses, and by prioritizing savings. (Mega important, pay yourself first). 

Living within our means means not relying on credit cards, loans, or excessive debt – a mortgage is okay, and by avoiding the burden of financial obligations, disciplined individuals have freedom to allocate their resources towards meaningful experiences, meaningful investments and personal goals.

This freedom from financial burden allows a more balanced and fulfilling life, ultimately leading to increased happiness.

Long-term financial security
Financial discipline goes hand in hand with long-term financial security By saving and investing wisely. Disciplined individuals build a safety net that provides them with peace of mind during the unexpected circumstances that will appear in your path of life.
The knowledge that they are working towards a secure financial future contributes significantly to their overall happiness. It’s worth it!

If you would like to discuss at your convenience, book a meeting.