Once your housing expense is under control, the next thing to tame is your consumption habits. The most common waste of money today is buying an automobile. New cars are simply too expensive for the median household income. But because car manufacturers have created ways for consumers to stretch with financing and leasing deals, consumers […]
The 10X Investment Consumption Rule To Fix Bad Spending Habits Read More »
How do you know if you’re rich? Well let me share when you know you’re still not rich yet! Sometimes I go to bed thinking how good life is. From the joys of breathing in clean air to the freedom of making money anywhere there’s internet access, life is pretty great. Sometimes I even go
Here’s When You Know You’re Still Not Rich Yet Read More »
To achieve financial independence, everyone needs to boost savings and control spending. Once that’s done, it’s time to maximize earnings. The wider you grow this gap, the wealthier you will become over time. The only problem when you boost savings so much is that it may begin to burn a hole in your pocket after
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To keep motivation up, remind yourself about the reasons for saving and investing so diligently. Once you have clear purposes for your money, saving aggressively becomes much easier. It’s too easy to eat one more cookie and find ourselves unrecognizable 10 years later. When we live in a free and abundant country, life can get
The Best Reasons For Saving And Investing So Diligently Read More »
Let me introduce to you the next best frugal site: Frugal Wonderful! A buddy of mine who so happens to be a very successful frugal blogger gave me some incredible advice recently. He said, “Sam, you’re doing it all wrong focusing on the mass affluent / aspirational niche. Instead of writing about investing, entrepreneurship, and
Creating The Next Best Frugal Site: Introducing Frugal Wonderful Read More »
Before the pandemic, the personal saving rate in America hovered between 5% – 6%. Post pandemic, the personal saving rate in America shot up above 25% as people freaked out about their future. Today, the U.S. personal saving rate is back down to around 3.6% as Americans revenge spend like there’s no tomorrow! We already
The Personal Saving Rate In America And The Best Way To Save A Ton Of Money Read More »
If you are frugal, you’ll likely never get into financial trouble. I was very frugal saving between 50% – 70% of my after tax income until about age 35. Then I decided there was no point saving so much money if I wasn’t going to live a little. This post will discuss things worth spending
Things Worth Spending Max Money On For A Better Life Read More »
Lifestyle deflation is what happens when you are overly frugal. Frugality is often praised as a key element to achieving financial independence. Frugality is one of the hallmarks of the FIRE movement I help pioneer in 2009. However, it’s easy to take frugality too far. I’m frugal to a fault. For 13 years after college,
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Boomers bashing millennials about their avocado toast craze became a meme. And the reality is, spending massive money on simple food is not a great habit to build wealth. “When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each,” Tim Gurner, an Australian
Millennial Avocado Toast Analysis: Permission To Splurge Because You Can! Read More »
A fantastic topic came up over dinner one day regarding how to increase job security in today’s highly volatile economy. The usual tips came up, such as: be invaluable, develop strong internal relationships, and never call in sick on a Friday (slacker). All tips were logical, but the more we drank, the more out of
How To Dramatically Increase Your Job Security For Life! Read More »
