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Why living on $1,500 a month lets you take bigger risks and win bigger

If you know that you live on cheap, and this is a big one. If you know it doesn't cost you much to live, your risk tolerance goes up because you don't have other to worry about.

Watch on YouTube Why living on $1,500 a month lets you take bigger risks and win bigger

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MoreMozi

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Short
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MoreMozi Shorts
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Full transcript on this page

Key takeaways

  • If you know it doesn't cost you much to live, your risk tolerance goes up because you don't have other to worry about.

Chapters

  1. 0:00
    Abschnitt 1 If you know that you live on cheap, and this is a big one.
  2. 0:27
    Abschnitt 2 If we had to pick between living on $10,000 a month and making $10,000 a month or living on $1,500 a month and then spending the spread, if you spend $5,000 a month, $3,000 a month

Full transcript

Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.

2 segments

0:00If you know that you live on cheap, and this is a big one. If you know it doesn't cost you much to live, your risk tolerance goes up because you don't have other to worry about. Real cost of the that you can afford or shouldn't be affording right now is that you're paying for the car, but you're sacrificing your dreams. You become less dangerous because it's very hard to fight someone who has nothing to lose. And it's very hard to fight someone who can live on nothing.

0:27If we had to pick between living on $10,000 a month and making $10,000 a month or living on $1,500 a month and then spending the spread, if you spend $5,000 a month, $3,000 a month, $2,000 a month on your education so that you can increase your earning capacity, it's hard to be stopped.