Budgets Are for Broke People. Do This Instead.

Matt Karamazov
5 min readJul 12, 2023

Being wealthy makes budgeting irrelevant, and the sooner you can ditch your budget, the wealthier you’ll be

Image by Author (Midjourney)

After going through years of checking your credit card balance before buying $25 worth of groceries, you never forget the first time you’re able to toss over your card without even looking at the register.

Or footing the bill for a $400 dinner and not even thinking twice.

Or [Insert your own definition of “Rich Life” here].

This is my reality today, and budgeting helped me get here, but the day I decided to stop using a budget was the first day of my journey to real wealth.

I’m going to explain why that was, as well as provide you with a few different mental models you can use to re-evaluate your own wealth-building strategy.

There is only one main reason why you should ever use a budget — and I’ll briefly touch on this later — but it’s high time to retire this word from your vocabulary.

Where we’re going, you won’t need it.

Nowadays, I fill up my Porsche with premium gasoline and on breezy summer days I’ll drive for hours just wasting gas, enjoying the fresh air. I’ll load up my grocery card with steaks and organic chicken and vegetables and I won’t even glance at the register as they’re being rung in.

This is the type of freedom that money really buys you.

Paying your bills on time — without needing a budget to remind you — is a seductive feeling, and once you’re able to do this, you won’t want to go back.

This book will teach you how to think differently about careers, wealth, and life, and I’ve written a complete book breakdown with all the Key Ideas that you can read for free right here.

Remember: If you make enough money, how much you spend becomes irrelevant.

When you’re rich enough, everything is effectively free because you don’t even have to think about it. See it, want it, buy it, never think about it.

But, as usual, there’s more to it than that. This is dangerous territory where most people capsize their whole financial lives, and there are several important things you need to keep in mind.



Matt Karamazov

🥇 The Most Disciplined Man on the Planet 📚 Read 1,197 Books in Just 10 Years 💪🏻 Strong Believer in Human Potential ⤵️ https://thereadinglife.beehiiv.com/