Frugality is a Feminine Quality
Frugality wants you to trade your potential for your current self. | December 17, 2014 by Wall Street Playboys
Our last post explained why Personal Finance on the Internet is Bogus. This post is going to focus specifically on frugality. Frugality is 1) a feminine quality, 2) will make you soft over time and 3) it will prevent you from reaching your potential.
Why is it trending you ask?
It is trending because people are weak. Period. Everyone is slaving away earning less than they are worth (they wouldn’t hire you if they could not profit from you) and instead of standing up and fighting the big battle they are scrimping by keeping the crumbs. Is it a coincidence that frugality is the newest trend and people are suffering from low testosterone?
Of course it isn’t.
“Frugality is a Feminine Quality” – Wall Street Playboys
1) How is Frugality a Feminine Quality?
Restraint is a basic feminine quality and frugality is just that, an act of restraint. Let that sink in. When you think of a high quality sexy woman… what are some things most guys want if they are looking for an actual relationship?
They want her to be:
– Loyal, a form of restraint when presented with her desire to “trade up”
– Thrifty, a form of restraint against materialism
– Not an Alcoholic, a simple example of restraint
These are clear forms of restraint. They are great qualities in a girlfriend. Not a successful male.
Is it a “coincidence” that most men who are not in charge of their marriage/relationship constantly complain about their wife/girlfriend spending too much money?! Of course it isn’t. Their wife/girlfriend is running the show! Or in old school language, “she wears the pants in the relationship”. She doesn’t need to show any restraint!
Frugality can be a great quality for a potential girlfriend, not for living your dream.
No. Not one bit.
Frugality Teaches You to “Relax”: This is a great concept. The catch? It is not a masculine quality. Successful men do not stop and “relax” for the rest of their lives. This is another feminine quality. Feminine girls want to sit on the beach drink Mai Thai’s and do their nails. Awesome. Flip it around. Apply it to a man.
“Hey guys I want to sit on the beach and do nothing. I really need a vacation because life is hard and I don’t want to live life anymore I’d rather just chill and relax. Instead of trying to see how good I can be I’m going to hang out on the beach”
How many of you would run to take his advice? None. He would simply be a cool guy to “chill and relax with”. After that he is of no value because he has no reason to be alive anymore.
“Soft Like Charmin!” – Kobe Bryant
2) How Does Frugality Teach You to be Soft?
When our post dropped last Friday a reader quickly emailed… We didn’t respond.
“You guys just need to flex your frugality muscles and get used to living with less.”
In younger generation language… WTF is a frugality muscle?! Is this something hipsters have in their Skinny Jeans?… After a spike of annoyance we realized the reader was missing the point. What he was really confusing is the following:
Are you trying to be rich or are you settling for happiness only.
They are not the same.
You can absolutely be both, but they are not the same.
If you are able to teach yourself to live with less you will be happier because you are decreasing your expectations relative to your results. However. This is a big capitalized HOWEVER. You will not get rich.
If you go down the path of frugality you will live off a modest amount of money, call it $50-75K or so. You will not get rich.
This blog is about getting rich AND being happy. Not just being happy.
“Frugality is Boring as F***.” – Wall Street Playboys
3) How Does Frugality Prevent You From Reaching Your Potential
This one is obvious. You are drowning in a risk averse sewer. If you remain frugal for life you will now suffer from the worst feeling in the world.
It won’t happen now but it will happen when you least expect it. On your death bed. If you do not believe this, go work at a hospital. The hospital is going to be filled with people telling you they wish they “lived for themselves”. This is another way of saying, I wish I pursued my passion.
You should listen up when someone is about to die. They have no reason to lie.
—-
The Wall Street Playboys Solution
We are not telling you to start a business… yet. We are not telling you to quit your job… yet. Not everyone needs to do that or wants to do that…
Instead:
1) Build Skills: You will have a passion for something. If it is blogging, that is great. We don’t think it’s a good idea but there is a lot of money in setting up blogs for people.
2) Do Not Copy: Do it the hard way. Find your skills the hard way. Why? You will be unique. No one can replicate you anymore.
3) Reinvest Aggressively: Keep building your skills. Be selfish. Invest in You. Every morning stand in front of the mirror and say that the only company that matters is “ME Inc.”.
4) Wait for the Calling: You are not good enough if you tell people you are good. You are not ready. You wait. Keep investing, learning and growing… Wait until other people tell you that you’re good. You’re now ready.
5) Network: You know you are good enough now. You will feel it. Reach out to people in your space/sector/passion. They will welcome you.
6) Pull the trigger.
7) An Event.
.
.
.
One last thing.
When you are ready, calculate the risks and spend. Spend as much as you like.
Laugh in the face of frugality as you continue to spend to earn.
Paul says
December 17, 2014 at 2:10 am
You guys are wasting your time. No one is going to understand this article.
Reply
Recent graduate says
December 17, 2014 at 2:43 am
That’s why only 1% of the population are self made multimillionaires.
Frugality wants you to be content with yourself and spend more time trying to get more out of your current situation AKA Frugality wants you to trade your potential for your current self.
Frugality wants you to know that good enough is good enough. But good enough is never good enough when you’re running a business. You have to constantly evolve or else competitors will beat you by copying your product and making them better. You have to constantly pay attention to details or else your employees will slack off and deliver shit to your customers.
Frugality is like trying to be a body builder but only eating very little to save up — LOL good luck!
Reply
Wall Street Playboys says
December 17, 2014 at 2:54 am
Welcome to the blog !!! Comment of the month !!!
We didn’t expect anyone to understand the post. You are the reason this blog even exists. Not a joke.
If you read this please send us an email if you have any questions. Happy to help with anything privately for you.
Dave says
December 17, 2014 at 10:01 pm
This was better than the post.
Aaron says
December 17, 2014 at 2:29 am
“Live below your means but focus on expanding your means”
You guys agree?
Reply
Wall Street Playboys says
December 17, 2014 at 3:10 am
If you want to be rich. You must focus solely on expanding your means. If you do this you will be forced to live below your means by default.
Expand your means. Expand your Rolodex.
Grow or die. The choice is yours.
Reply
John D says
December 17, 2014 at 5:56 am
There are entrepreneurs and there are investors.
Entrepreneurs are aware of risk but they don’t calculate them. They go by their gut and feelings. Investors are always calculating risk. Although WSP advocate taking risks, in the spectrum of men out there conquering the world, WSP are quite risk aversive. Many of the blog posts here are charts and models measuring and comparing risk in order to arrive at the best decision. Trust me, entrepreneurs do not do that.
I am not saying who is right or wrong. It’s just 2 different breed. However, it is kind of hypocritical for someone who is rather risk aversive (to the extent that he is afraid of marriage) to be talking about masculine and feminine traits in regarding frugality and finance.
Guys who make it big in this world take chances. They follow their instinct. Many fail. They bang and marry hot bitches. They don’t worry about alimony. I’ll let you decide who is masculine or feminine. Or maybe is irrelevant, just do you you feel is most true to yourself.
Reply
Wall Street Playboys says
December 17, 2014 at 7:26 am
Your very first paragraph is incredibly true. Disagree with a lot of the remaining points.
You have made a large assumption that every authorS on here makes money in nothing but Wall Street. That is false.
Your marriage comment makes no sense as well, just read Felix Dennis’s book on how to get rich. Never married and $100M+ net worth (can’t be calculated)
As stated in a previous post, rich people range the spectrum.
You can become rich without getting married. You can get rich while being married. That is irrelevant.
Finally, why is getting married a risk every rich man needs to do? There is risk and then there is unnecessary risk. They are not the same.
Is Felix Dennis not rich enough?
Therefore, we can agree to disagree.
Reply
John D says
December 17, 2014 at 1:42 pm
I am here to learn, but I do have a tendency to argue.
I did a quick search. Most billionaire are married. The biggest portion of them made money in finance. I suppose the investors beat out the entrepreneurs after all. In terms of masculine or feminine, I think it’s quite a stretch to apply to financial habits. But I will stop here.
I will read up on Felix Dennis. I am sure I will learn something from him.
Wall Street Playboys says
December 17, 2014 at 1:57 pm
It is funny. We know why you assumed that. People really believe we are doing this blog for a “living”.
None of our authors have to work for a living. That has zero to do with working for a company forever.
Yes frugality is a womanly trait. It is incredibly obvious.
- says
December 17, 2014 at 1:38 pm
Awesome post and a great start to my day.
“Do it the hard way. Find your skills the hard way. Why? You will be unique. No one can replicate you anymore.”
What do you mean “find your skills the hard way”? Can you elaborate when you get a second?
Thanks guys
Reply
Wall Street Playboys says
December 17, 2014 at 1:58 pm
Don’t try to copy other people. Just do new things everyday until you find something you like doing. Then it will click.
Reply
William says
December 17, 2014 at 2:46 pm
The most succesful investor of all times, Warren Buffett, is very frugal.
Reply
Wall Street Playboys says
December 17, 2014 at 2:47 pm
No he is not. He spends to earn. He is a shark.
He is a minimalist, not frugal. There is a material difference.
Reply
William says
December 17, 2014 at 3:01 pm
Maybe this article has a problem of semantics.
Collins Concise English Dictionary © HarperCollins Publishers::
frugal /ˈfruːɡəl/
adj
practising economy; living without waste; thrifty
not costly; meagre
He is very thrifty buying stocks.
Even his website is very thrifty:
http://www.berkshirehathaway.com
Wall Street Playboys says
December 17, 2014 at 3:10 pm
There is no problem of semantics. Your comment actually solidifies the point.
We can agree to disagree.
Joe says
December 18, 2014 at 2:21 am
Warren Buffett is a minimalist with a plain taste.
I am a minimalist with an expensive taste.
WTH says
December 17, 2014 at 3:36 pm
WHO GIVES A FK ABOUT WARREN BUFFETT??? I’M ABOUT ME INC.
Reply
@frenchdna says
December 17, 2014 at 3:51 pm
People really need to digg the archive around here. Pretty much everything has already been written. They’re just doing it more properly lately (depth).
http://wallstreetplayboys.com/become-a-minimalist-dont-be-frugal/
To the boys: there are a bunch of old posts with great ideas that could use a lifting.
Great article, but this doesn’t come as a surprise anymore.
Reply
Wall Street Playboys says
December 17, 2014 at 3:58 pm
Hahaha thanks French!
yeah this blog is lazy, we can’t afford to spend more than 2 hours on this a week
Reply
technicalsales says
December 17, 2014 at 4:05 pm
Do you not recommend networking during every step of your solution?
Reply
Wall Street Playboys says
December 17, 2014 at 4:11 pm
Of course not. Why would you network when you’re not ready to network?
If you don’t have any value when you try to network, you’re going to piss the person off and he is not going to pick up your phone call in the future. That potential money tree is dead. Forever. You wasted his time.
When you are ready, you’ll know becuase someone will show up. That is how life works.
No value = no bid = no reason for him/her to help you.
Reply
big ol stevey says
December 17, 2014 at 6:53 pm
Had an ephiphony after finishing this article:
The more time you spend on yourself,and the less time you waste on stupid shit also. (not signifigant amount but its just an ironic part about being content on a middle class salary,obviously the time spent/other costs are a bigger deal.)
some examples
-sitting down watching TV ($) potatoe chips ($).
-Buying clothes that don’t last long.(buying t-shirts from walmart,, spending HOURS looking for the ‘best deals’ in the clearance section)
-a big one I realized last night was I spend a lot of time on youtube for music. Most videos have ads. All those 5- 30 seconds add the fuck up after a while.
-Stopping at starbucks,parking,waiting in line,waiting for your order,just for breakfast and coffee instead of taking care of business before you left the door.
-getting virus’s because of pirated software
-video games.
Also at the level you guy’s are at not spending money literally costs you money.
I.E
-Dressing nice for business.
-If you skimped on the internet phone plan now your internet’s low as a dinosaur that’s going to cost you time checking emails,relevant news to your industry.
-limited time at the bar/restaurant. You tip them well,and bring in business. They know not to waste your time with slow service.
-Not worth spending an hour on the phone with some indian customer service agent for a 12$ refund.
Reply
Wall Street Playboys says
December 17, 2014 at 7:56 pm
You also get it.
When we pull the trigger to redesign the blog do you think we’re going to do it ourselves?
Honestly LOL @ clicking around on word press.
This blog wasn’t even created by the authors. Only the content.
Reply
big ol stevey says
December 17, 2014 at 10:37 pm
what are you guys looking for in the new design?
Wall Street Playboys says
December 17, 2014 at 10:42 pm
Step one find someone with the skills. We don’t know anything about web design.
ssd says
December 18, 2014 at 2:22 pm
I think the website layout is clear. it is functional. Very readable on BB and everything is about the content. How it looks like is often how the qualities are.
revealation says
December 18, 2014 at 2:50 am
this is so damn true. women are often concerned with the small things in life that don’t matter, i.e. saving a few dollars at the grocery store when there are on sale items but end up buying a truck load of groceries that often go to waste, nagging about how kids can get hurt around the house, complaining about why you haven’t called and suspecting that you are cheating on them. Inherently, they do this because they are insecure by DNA. However, the most taxing element to men is the sum of the parts that add to the constant distraction of not being able to focus on make f-you money. You can’t take risks because they fear you will eventually fail and end up losing the house and go bankrupt. My understanding of this article is cheapness instead of frugality. Frugality to me is not spending on things that offer any value but then again, everyone has their own interpretation of everything.
Reply
Wall Street Playboys says
December 18, 2014 at 3:37 am
You are so very close to understanding.
Look frugality means you WASTE time thinking about how to SAVE a few dollars that could have been spent MAKING money.
Reply