EPISODE #288: Warren Buffett and His Legendary Frugality - Peso Smart PH

Being frugal in our modern world can be challenging. We are surrounded by advertisements and it seems like everyone wants to sell us something, even if we don't actually need it. They apply strategies and techniques that will make you think that you need or want to buy their products or services.

This is probably the most important first lesson in personal finance: frugality. Knowing what's essential and what's just a waste of time and money. In this area, philosophy, specifically Stoicism can be very helpful. The Stoics say that we only need very little to live a happy and fulfilling life. Once you realize that, you'll be more grateful and content with what you have right now. Try to get off the hedonic treadmill, or don't step on it in the first place, if you can.

Let's be life Warren Buffett, a man with only a few needs/wants.

💲Peso Smart PH is a channel that aims to educate Filipinos on how to handle their money better, invest in the stock market, take advantage of compound interest and discuss all things personal finance. I'm an avid fan of Warren Buffet, Mark Cuban, Gary Vaynerchuk, Robert Kiyosaki, Og Mandino and Tony Robbins. I wanted to share this journey with you guys to broaden my understanding and knowledge in the world of investing, money and wealth.

📃 Disclaimer: I'm not a financial advisor and I simply share my experiences and knowledge in the Philippine stock market. All my content are made for educational and informational purposes only and should not be deemed as financial advice. Trading stocks, cryptocurrencies and ETFs poses a risk of loss.

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