Sublime

At least $50,000 a year in net income.

In my own lexicon, being a “cheapskate” is a virtue, not a vice. It’s not about being greedy or dishonest, and it’s not about sacrifice or deprivation. It’s all about choices—deciding what’s really important in your life (particularly those things that come without a price tag) and skipping the rest.

Be a perpetual traveler, living out of a suitcase.

Buy used, buy local, and recycle whenever possible.

The successful investor Bernard Baruch was once asked at a party for some stock picks. Rather than share his favorite ticker, Baruch explained his simple methodology for finding winning investments—one I’ve embraced as well: Find companies whose product you buy, use, throw away, or however you’ve used it, you need to repurchase it within thirty day

Much like frugality, increased earning potential must be pursued by dissecting one’s resources and ruthlessly cutting out the fat.

I’ve always thought of myself as an 80 percenter. I like to throw myself passionately into a sport or activity until I reach about an 80 percent proficiency level. To go beyond that requires an obsession and degree of specialization that doesn’t appeal to me. Once I reach that 80 percent level I like to go off and do something totally different; th