The Problem With Cutting Down Your Expenses

In this video I cover an alternative view point to excessively being cheap and frugal. Even though spending less can be a great skill when needed, it can also be correlated with a scarcity mindset and other limiting behaviors. It's all about balance and being intentional about your finances! ✨

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▻▻ timestamps 🕒
00:00 Start of video
00:34 Intro
01:06 Being cheap vs being frugal
04:31 The scarcity mindset
08:11 My example of scarcity
12:11 What to do if you have a scarcity mindset
13:43 4 ways spending less can negatively impact your life
14:06 Lower quality of life
15:51 Negative effects on mental health
18:28 Stagnating your growth
20:01 Impact on your personal relationships

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⚠️ CONTENT DISCLAIMER: This content is for educational and informational purposes only and is not intended as a substitute for legal, tax, accounting, or investment advice. When individualized advice is required, always consult a professional for guidance tailored to your specific situation.

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