Most ratchets have a little knob or lever, which allows you to ratchet in the reverse direction. The life style ratchet lever is often hidden from users until they have a life-changing experience. But once you flip that lever, it’s pretty amazing how you can gradually ratchet down your expenses. In addition to a life-changing experience, one key is having a goal or learning what’s really important in your life. A lot of conversations with your partner can help clarify this. And subscriptions are a great place to start! Take a look at newspapers, magazines, the cable bill or season tickets to Fenway Park, and click by click you can cut those out and see what effect it has, not just on your expenses, but also on your lifestyle. We accumulate so much that quite a few things end up not really being so important, and when you start ratcheting down, it really makes that clear although it can take years if you're slow like us.
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Most ratchets have a little knob or lever, which allows you to ratchet in the reverse direction. The life style ratchet lever is often hidden from users until they have a life-changing experience. But once you flip that lever, it’s pretty amazing how you can gradually ratchet down your expenses. In addition to a life-changing experience, one key is having a goal or learning what’s really important in your life. A lot of conversations with your partner can help clarify this. And subscriptions are a great place to start! Take a look at newspapers, magazines, the cable bill or season tickets to Fenway Park, and click by click you can cut those out and see what effect it has, not just on your expenses, but also on your lifestyle. We accumulate so much that quite a few things end up not really being so important, and when you start ratcheting down, it really makes that clear although it can take years if you're slow like us.
Post: Never Going Back
Link to comment from December 17, 2022