Archive for December, 2012

Experiences Same As Consumer Goods

Dec 31, 2012 2 Comments by

There has been a trend in personal finance blogosphere to discourage spending in consumer products and instead increase the experience fund. Many bloggers justify these experiences while talking down on the goods. This is often seen in the minimalist culture. Don’t get me wrong, I’m on the experience side myself and would rather not buy [...]

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Frugality Sacrifices – Part 2

Dec 28, 2012 Comments Off by

In order to achieve a higher savings rate, I gave up a few vices to be even more frugal. Frugality is a journey. Frugality goes up and down depending on my life circumstances and there are always areas to improve. Vices to give up Long showers I love long showers. They are relaxing and warm. [...]

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Married With An Allowance

Dec 27, 2012 Comments Off by

Everyone has their own values when it comes to marriage. Some decide to share expenses and the remainder of each spouse’s paycheck is their own. Others share all income or none at all. Marriage and finances are a very personal strategy and not one strategy fit all marriages. Regardless of how finances are handled, it [...]

Frugality, Goldeneer's Story, Lifestyle, Strategy Read more

Frugality Sacrifices – Part 1

Dec 26, 2012 Comments Off

In order to achieve a higher savings rate, I gave up a few vices to be even more frugal. Frugality is a journey. Frugality goes up and down depending on my life circumstances and there are always areas to improve. Vices I have given up Drinking – $1000/yr saved I used to enjoy drinks out [...]

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Debt Repaid, Now What

Dec 20, 2012 2 Comments

Repaying credit card and student loan debt aggressively is hard work but it becomes addictive after a month or two. You get into the habit of restricting frivolous expenses and this becomes comforting after a while. You start appreciating all the people and things that you have in life. Your wants diminish. You are healthier [...]

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Two Years Before Your Startup

Dec 19, 2012 2 Comments

You have it in you. You’re an entrepreneur at heart and it is only a matter of time before you start your company. Now is the time to prepare. I knew I was going to start a company when I was in university while doing my undergrad. I had a large network that encouraged leadership, [...]

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Rich Enough For Charity

Dec 18, 2012 Comments Off

Being charitable is an important value to me. I regularly give to charity in order to make my world a better place. Deciding how much and when to give was more difficult to achieve, especially when I was a student. My issue was that I always had an excuse not to give. I either had [...]

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Bucketlist And Frugal Lifestyle

Dec 17, 2012 3 Comments

Lists are one of the tools I use regularly in my life. I follow a list everyday of items I need to take care of. Lists allow me to keep a record of my to-do list so I don’t have to worry about missing something. I focus on taking care of a few items each [...]

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Most People Don’t Get It (Wealth That Is)

Dec 13, 2012 3 Comments

Why is it that the majority of the population dreams to get rich but never do. Why is it that university educated people may spend 10+ years struggling to repay their student loans and never see the fortunes promised to them which is why they went to school in the first place. The bulk of [...]

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Goldeneer’s Hierarchy Of Wealth – Fallacy Of Saving

Dec 12, 2012 1 Comment

Goldeneer has developed a hierarchy model to build wealth in order to simplify the wealth building ladder. This model is based on frugality, savings, investments, leverage and shows us that wealth cannot be achieved by skipping any previous foundation. Joe is a friend who is stuck at the Savings stage. He is incredibly frugal and [...]

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