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Grow with Adete Dahiya Podcast
#13: Being Cheap is Keeping You Poor

#13: Being Cheap is Keeping You Poor

Grow with Adete Dahiya vor 2 Jahren

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13:51

While saving and investing are important if you want to build
wealth, there are certain areas in your life where being cheap
can really cost you a lot in the long term. In these times, it is
important to know the difference between frugality and cheapness.
On the surface, the two can seem similar – you’re simply not
spending your money. But here’s where the difference lies
– frugality is about being intentional with how you spend
your money while being cheap is just about the act of preventing
spending anywhere and everywhere it’s possible. The problem with
being cheap is that you might think like you’re saving money
right now but it can end up costing you a lot more in the future.
And there’s a misconception that if you’re spending more upfront
or on a high-end product that you cannot save. In reality, if you
invest in something that is going to last you years, has a
lifetime warranty or could save you money over time, you’re being
more intentional with your money. Research mentioned in the video
-
https://www.thehindu.com/news/cities/mumbai/79-milk-in-state-is-adulterated-study/article30976549
-
https://www.fda.gov/news-events/fda-brief/fda-brief-fda-announces-results-second-sunscreen-absorption-study
- https://www.youtube.com/watch?v=hYTIh2cXfvM&t=84s -
https://www.elle.com/uk/beauty/skin/a26957334/hormone-disruptors-skincare/
- https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4086778/ Choosing
the right health insurance -
https://www.nerdwallet.com/blog/health/health-insurance-guide/ -
https://www.livemint.com/brand-stories/a-guide-to-choosing-the-right-health-insurance-policy-11599735568246.html