I’ve been reading Ramit Sethi’s Book I Will Teach You To Be Rich and it’s been very interesting, a lot of it is American based in terms of 401K’s, which banks to use, and all that but on the whole, there’s a lot of good messages.
But my favourite so far is the answer to excessive frugalism, setting aside an amount of guilt-free money and making sure you spend it by the end of the month. I tend to fall towards the side of the spectrum that is any spending is bad spending because it’s money you could have saved. So to have an approach of paying yourself first by putting the amount you’ve decided into savings and investments and then using what’s left over for fun things is magic.
For me, it’s the ideal balance of living for today while preparing for tomorrow. Ramit talks about it on the Mad Fientist podcast if you want to hear more about it without getting bogged down in American credit cards.