I am glad to have these tough as nails skills, my brother in law was used to making $100,000 a year , his wife the same and when manufactoring went overseas and he lost his job, then he lost his home , cars and lastly his wife and well it did not end up well because he did not have the skills to downsize and scale back. Devastating sad ending that I am happy I will never be in.

I can work and work to increase my income and reach my goals and dreams but if fate ever has it in the cards for me to fall for some reason, these are skills I will never lose.

And yes I love that garaunteed return Dollar Discipline states………so true!

For *most* people, cutting expenses is going to be easier than increasing income. Additionally, cutting expenses is a guaranteed return whereas any business/job/passive income venture is going to have some risk of loss.

But like you said, there’s a limit to how much you can cut back. I think for people that make their own clothes of hygiene products there’s another aspect to it: they derive satisfaction from it.

Most of us wouldn’t spend an hour making our own soap to save money, but if you also enjoy it then that’s a different story.

While frugality can certainly only go so far and is limited it does I think have it’s place and it is nice to have the skills for when and if extremely hard times may fall.

It should not stop there though, as you stated income in theory is not limited and should be pursued even more so than finding ways to be frugal.