Frugality Vs Investing
Many investors assumes that once you focus primarily on investing, you can stop caring about frugality. You might think that you can never get a huge return from being thrifty, but think again.
Lets say you followed strictly to my frugal tips (here and here) and manage to reduce your monthly expenses from $2000 to $1500. That is $500 earned indirectly every month. Which is equivalent to $6000 extra cash annually. How much money do you think you need to put into a 1.5% p.a fix deposit before you can get $6000 a year? The answer is: $400,000. How much money do you think you need to put into a 6% p.a Reit investment in order to get $6000 a year? The answer is: $100,000. If you work backwards like that, you will start to see how useful it is to be frugal.
Not to mention, the extra money you earned indirectly every month from being frugal is non taxable. You should treat the money that you saved as an additional indirect source of income. No just any source, but a reliable and risk free one.