Archive for Frugality

Frugality Sacrifices – Part 2

Dec 28, 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 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

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 [...]

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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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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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Frugality, The New Generation’s Interest

Dec 11, 2012 2 Comments

I’ll admit, I’m frugal. Read this carefully, I’m not cheap. I tip well. I will buy high quality items when there’s a need. I will pay for other people’s food when hosting a BBQ. I will offer someone a car ride. On the other hand, I refuse to pay retail prices unless I absolutely have [...]

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Goldeneer Budget

Dec 05, 2012 Comments Off

Minimizing our budget has been of great importance in the past when we were paying off our debts and buying income properties. We tracked all or our monthly expenses and reduced our lifestyle to meet our needs. We have recently relaxed our budget due to repaying our non-mortgage debts and significantly increasing our rental income. [...]

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“I Don’t Want To Be Rich”

Nov 30, 2012 Comments Off

Three people have expressed to me that money isn’t important to them in casual conversations when we talked about having an FU fund and investments. Ideally, this attitude should be positive to hold onto as someone realizes that money doesn’t buy happiness. However, money is important as it does provide for the basics such as [...]

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