Ramit Sethi argues against extreme frugality that postpones enjoyment until very old age. He advocates spending extravagantly on things you love while cutting costs mercilessly on things you don't, combining financial planning with psychology to define a "rich life" that includes present enjoyment and future security.
You can't go on vacation, you can't buy any new clothes. Save all your money until you're 90 years old. And maybe, just maybe, then you can spend it. And I don't believe in any of that. I think you should spend extravagantly on the things you love as long as you cut costs mercilessly on the things you don't. I think you should live a rich life today and an even richer life tomorrow. And so when you combine money and psychology, you start to understand that there is more to a rich life than just some number in a spreadsheet.
