The Simple Mental Model That Changed My Financial Life

When it comes to spending money, I’ve made so many mistakes. When I think about the amount of money I’ve wasted in the past, I feel bad in my stomach.

I didn’t have the best mental model for my financial life back then.

As someone who practices Stoicism and Mindfulness, I don’t get attached to those feelings. But still, it does hurt a little bit.

For instance, I think I bought a new winter jacket almost every year until four or five years ago when I finally decided to spend a grand on a high-quality jacket.

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Tags: Mental Models