Great post, brief but has enough takeaways for a reader.
While some of these advices seem rather simple, putting them into practice takes a lot of sheer willpower. Take the case of living like a college student for example - I believe the gist of the message is to live frugally - one thing we often observe is how the average corporate worker keeps increasing his expenses and liabilities (a swanky new car on EMI, expensive gadgets for bragging rights) as his income increases and despite his burgeoning paycheck, still lives from hand-to-mouth and has depleted his earning before the month runs out...And then to keep up his/her lifestyle, spends using credit he gets from that free credit card of his - which then accumulates in interest thereby stretching him further..
And all this time, his actual needs never really increased - it was the extravagance that pushed the person into a corner....
Eventually he gets into this never ending cycle of paying on credit and they paying off the debt...leaving no room for investment and at the end of his working life, he's not much better than what we was to start off with.. .
Yeah, people enter a vicious cycle which they can't come out of. There lies in a lot of people's problems. This shows that it is better to be patient first and build yourself up and then enjoy the fruit of your labour.