Ramit Sethi argues luxury is ordering two appetizers, not a yacht. His "money dials" framework: spend freely on what you love, cut ruthlessly on everything else. Skip status spending and chase what actually matters to you.
When you hear the word luxury, what do you picture? A lot of people think yachts and Lamborghinis and penthouses with those infinity pools. But that's not what I think of when I think of luxury. Luxury can be as small as seeing two appetizers on the menu that both sound good and saying, I can get both of them. That's one of my first rich life goals, to be able to order appetizers at all. And so here's the framework that I personally use. It's called money dials. You identify the thing that you love spending on, then you turn that dial up. And how do you pay for turning that dial up on food or travel or whatever the thing is that you love? Well, you cut costs mercilessly on the things you don't care about. This is the opposite of what everybody else does.
