Right on. Surprised to hear the criticisms in these comments since this seems like such basic advice: don't have debt, work in a context of trust, and the desire to have everyone do good work.

Not having debt is fundamental for real freedom. Not having debt is worth giving up some material crap for.

Trust people. Make adjustments on an individual basis if it is ever necessary.

We all want to do good work that has a positive effect on the world and make money to support people we love. Try to set up an environment so people can do their best work.