Part 5/9:
Clutter and life's trivialities drain precious energy and focus from your main objectives. Managing possessions, relationships, and commitments consumes time and mental resources that could be better invested in wealth-building activities.
Practical tips:
Own minimal physical possessions, especially during the accumulation phase of wealth. For instance, Becker mentions only holding stocks (like Tesla) rather than being bogged down by objects.
Live in affordable, simple environments to diminish financial and emotional burdens.
Move away from unnecessary commitments, relationships, or possessions that don't add value—freeing up time, energy, and mental clarity.