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…



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/