Is frugality living the only trusted way to achieve financial goals?

[Stardom22]

Most people that have achieved some financial excellence urge that frugality living and tracking every cent is the game changer for achievement of the financial freedom. What do you have to say about that?

 

[Springtime]

Frugal living does help to achieve financial goals. Buy what you need, not what you want. Do not buy luxury items. That helps to save money. Other than that, if you invest wisely, it helps to achieve your financial goals faster.

 

[magnus2022]

I don't think frugality is only way to financial freedom. Frugality is very opposite of it. You need skill that is in high need. Thereby you keep creating values! Create value and become financial stable.

 

[Starmix]

That could be one factor to elevate the financial status of the person. That's a wise way and if he's consistent of his action, most likely he can change the financial version of his life.

 

[Nomad]

if your income is low, you can try living frugal, however, if you are earning well, I do not see any need

 

[eLdavis]

No it is not the only way, i believe self discipline also plays an important role as well to be able to achieve your saving goals.

 

[Kross]

Living frugally isn't even a path to achieving financial freedom. Making right financial decisions is the sure path.