When a rich person (when I say rich I mean a person with a level of net worth – not a level of spending) spends frugally – is he being miserly or being sensible?
Frankly I do not know and do not really worry about what other people think – but to me many of them are sensible. For example I know of a person living in one of Mumbai’s suburbs owning a Merc – and happily travelling by public transport.
Downsizing ones life is a super way to early retirement. …But having said all this can one person really live on say Rs. 32 a day? Here is an experiment..
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