First I will describe what frugality is not. Many people associate frugality with lack, but this is a misconception. It is not scrimping, being cheap, and playing small. Some may believe that frugality is all about saving string and clipping coupons, both of which may be tactics used in living a frugal life. But in and of themselves these tactics do not define frugality.
Frugality is what happens when your true values meet your cash-flow. The natural world is a perfect model for abundant frugality. Nature is amazingly abundant and giving, but she wastes absolutely nothing. Everything is used up or recycled. So frugality is not at odds with the law of attraction or with prosperity consciousness.
The wealthy started out frugal, and those who keep their hard-earned assets remain that way. To become financially independent it is imperative that you become aware of exactly where you stand right now and where you are trying to get to. Frugality is relentlessly reality based, and requires honest self-knowledge. But it is necessary for lasting financial success.
Keep coming back if you want to learn how to apply the principles of frugality to your own life. Do the work and watch what happens.