Bridger PenningtonFund Launch & Investment Expert

I live a frugal life so I can risk MORE

1 Jul 2023 · 1 min

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In this brief monologue, a multimillionaire explains why he chooses a frugal lifestyle despite his wealth. He argues that many young wealthy individuals practice delayed gratification, avoiding large mortgages, expensive cars, and luxury items like watches or jewelry. By keeping his expenses low, he preserves liquidity, which allows him to seize high‑return investment opportunities and take greater financial risks that others cannot when their capital is tied up in debt or non‑productive assets. This strategic frugality, he claims, leads to larger rewards over time.

Chapters

This is why I live a relatively frugal life as a multimillionaire. I've got friends, people around me, Bridger, you got to buy a Rolex or a watch or some chains or a big house or whatever. But when I study people that are very wealthy today, typically in their younger years, they had a big sense of delayed gratification. Because if you're overleveraged on a big mortgage or a big car payment, all your money's out and a good opportunity comes your way, you won't be able to invest and get in on good deals when they knock at your door. Being frugal allows me to take more risk than other people would take if they're already their money on watches and jewelry and things that don't really matter. And because I can take more risk, it means I can get more reward down the road.