Avoid Waste and Embrace Frugality

Publishers love biographies because they usually sell well for many years. People enjoy reading about the shattering mistakes made by illustrious individuals, such as a great actor who accepts a role in a trash film that ruins his career, a successful investment manager who makes a bad decision and suffers enormous losses, or a millionaire who marries the wrong woman and ends up in devastating divorce.

Biographies provide details about how eminent persons waste opportunities and turn themselves into fools. On some occasions, errors are made out of insufficient knowledge, but frequently, vanity and greed play a major role in self-destruction. What readers of biographies seek to learn above all is how to overcome feelings of sadness and guilt after having made a gigantic blunder.

As soon as we realize the full extent of a major mistake, emotional misery arises from comparing our present to a parallel universe that would have existed if we had not wasted our opportunities. Such negative reactions overlook that errors and waste are the result of the knowledge available to a person at a certain moment. In essence, what an individual knows and feels are the only relevant factors in his decisions.

A man should strive to discard waste as matter of principle, but after making a dreadful mistake and suffering major losses, he should avoid comparing himself with someone else. It makes little sense to lament how well you could be doing if you had made wiser choices. The only thing you can do is to learn from the situation so that you can perform better next time.

Each human being is born in different circumstances, each life is unique. Individuals grow at their own pace and learn their own lessons. Errors and waste provide us with painful but irreplaceable experience.

Do not linger on illogical comparisons that bring nothing but misery. Stand up and look ahead. Your next achievement will bring you farther. Mistakes will make you a better human being and show you the way to happiness if you acquire rational habits. When it comes to avoiding waste, no other habit is as powerful as frugality.

Suffering a major loss has few benefits other than rekindling personal ambition and making people realistic about how the world works. Whatever your level of income, frugality constitutes a significant virtue. Even if contemporary society rarely promotes temperance and thrift, individual prosperity is the consequence of savings and investment.

The law of cause and effect governs the world. Nothing escapes its reach, no one can circumvent its application. What you do today determines the level of tomorrow's pay. In addition to economic advantages, frugality also brings psychological benefits. Stress, anxiety, discouragement, and fear will not haunt the house of the austere.

Discarding waste and embracing frugality lead to peace of mind. Worries won't keep awake at night those who live with measure. Leading a rational life spares man the effort of following the latest fashion. When we dismiss artificial alternatives, we are left with the fundamental. Serenity is the result of simplification.

Choosing frugality instead of waste will allow you to make fast and consistent decisions. When you trust your own judgement more than external opinion, you learn from mistakes and develop your skills. Frugality, which is based on stable values, leads to decisiveness. A man who possesses clear priorities can reject inconsistency without need of long discussions.

A prudent conduct brings the added benefit of risk reduction. A judicious man protects himself when at risk and tries to avert threats whenever possible. The tension of complex choices can wear out even the most balanced mind. On the other hand, a straightforward and consistent approach reduces errors of oversight. Shunning unnecessary cost keeps risk exposure low.

Resisting the allure of short-sighted decisions leads to more enjoyment of life. Ignoring the noise of false opinions liberates resources. Frugality enables man to breathe free of encumbrances and focus his efforts on what really counts. Happiness is not the result of cumulating tasks, but of a few essential activities that make a difference.

Discarding waste brings man wealth, but the material advantages of frugality go hand in hand with its psychological benefits. Disregard the unnecessary and pay attention to the crucial elements of a good life. Realizing that most things possess little relevance is what enables man to make wise choices.

JOHN VESPASIAN writes about rational living and is the author of the novel "When Everything Fails, Try This." He has resided in New York, Madrid, Paris and Munich. His stories reflect the values of entrepreneurship, tolerance and self-reliance. See John Vespasian's blog about rational living.

http://johnvespasian.blogspot.com/