There is also a Fat FIRE movement which supports a higher standard of living and challenges the idea that sacrifice is necessary. 

With respect to item #1 don't just focus on the expense side and trimming the fat; focus on ways to increase your income. 

I enjoy it so don’t really feel like work to me, I literally do all of it from my cell phone.

The sheep are gonna get slaughtered and we're gonna get fat bro.

That's a fat no!.

Agreed mate.Too many variations and mud thrown on the word over the years.Maybe we should come up with a new phrase lolSomething on the lines of "House Hacking" and "BRRR" 🤷‍♂️"Fully Renovated And Tenanted""FRAT" property investing lolCut the FAT and invest in FRAT haha

Next thing ya know your seller, who was a-ok before, is now all wound-up, sitting talking to some police type, freaking out thinking he's going to prison for life and gonna be Hannibal's cell mate, so now he's 2nd guessing everything so when they asked if he understood what he was entering into it's "Nope, this fancy slick talking guy told me I HAD to sell it like this, I HAD to do as he said, I'm innocent, I'm a great person, I just did what I was told to do HE DID IT, I'm, I'm innocent, nope I didn't understand ANYTHING, THAT GUY took advantage of me!".... 

If my kitty was fat enough, I'd take 5% any day and throw my laptop and iPhone in the trash, sleep till 10am and play guitar with my amigo's haha

But it’s easy to find a lot of people with fancy cell phones, all sorts of “necessities” like newer cars, expensive cable plans, eating out/partaking in services, etc.I think the US “normal” spending habits help the economic numbers look good, but also think if every American, myself included, kept a little more in savings, the economy would still be pretty good.

The first time I was trading in my cell phone at the tmobile store, and the clerk kept looking at me, and my name on the computer while we were talking...and he finally asked me, are you Russell Brazil from Biggerpockets.