Dear Friends
Hope you all well as winter has arrived in South Africa, we deal with load shedding (when you do not have electricity for selected hours of the day) and the third wave of COVID. In the past 18 months, frugality is a skill we have all been forced to learn and implement in our personal and business worlds. Frugal – ‘sparing or economical as regards money or food’. There is more to this as we earn less we need to spend less and be mindful of what we spending.
I was very blessed to grow up in a frugal house as a kid, my parents bought everything cash and there were no luxuries – ‘a state of great comfort or elegance, especially when involving great expense’. In our home excepting cheese (will come back to cheese later). No lavish holidays, excepting with family over the festive season and no flashy cars. My parents retired at 50 and my mom turns 70 next month, happily living their best live at the coast.
Have you been frugal or have you realised that you have to be frugal to survive? I recon for the next 3 years we will all have to turn the coin around at lease once before we spend it. In business exactly the same. You know many businesses that have downscaled or closed in the past 18 months. What worked before will not work in the future, we all have to go back to the drawing board and re-evaluate our goals, lifestyles and business strategies. That’s the hard reality !!
My close friends know the story, when you broke you do not have cheese in your fridge. Cheese for me is a economic indicator, as this is the last thing you buying on the shopping list only when you have funds available. So my friends ask me if I have cheese in my fridge? The truth is much less than before, as part of living frugal there might be less or no cheese.
Who moved my Cheese is a great read, most of you have read this in the past. Go scratch in your book shelf and find this old classic. It is time to revisit where we are, where we want to be and how we going to get there personally and in business. Leave your comment on this blog, would love to hear from you all. Regards, be safe, Charles
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