Frugal living doesn't make one rich, but rather it opens more doors to possibilities. Frugal living adds up your savings, but it doesn't increase your income. In my opinion, one should not predominantly focus on being frugal alone. The notion of increasing your savings and your income should be weighted equality for best efficiency, hence I try to be a frugal capitalist.
It will be interesting though, to have a thought experiment on the options one can have for budget cutting(Since the topic today is on frugality). With the assumption that misery is not in the equation, here is the list that I can come up with.
1) Borrow instead of buy, especially for books. One can find neighborhood libraries everywhere in Singapore now. You can borrow dvd movies and internet connectivity in the library too. Think of it as a government subsidy.
2) ...
Yes, it’s excellent advice to be frugal. Indeed, I personally went through the transformation from being extravagant to frugal. The following is an excerpt from my book “How Sai Baba Attracts Without Direct Contact (Book 2)”:
There is another aspect to the meager income. As mentioned in my first book, after my first visit (to see Sai Baba), I have been transformed to be comfortable with minimal materialism. This indeed augurs well with my current lifestyle. I now live with only the basics and do not crave for luxuries in life. The best part is that I find the luxuries are so meaningless.