What Can We Learn from Frugal Billionaires

Saturday, July 24, 2010

I just recently read an article on billionaires who live frugally. It’s a fascinating read. Although I’m sure that ‘frugal’ to them might be a little different than ‘frugal’ is for you and me. But, the message is fairly clear. These people, admittedly among the richest in the world, have decided that spending money is […]

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Dollar Today, Dollar Tomorrow

Friday, July 2, 2010

When I was young I was taught that you had a choice. If you had a dollar you could spend it today or you could save it to spend tomorrow (i.e. the future). If you spent it today you wouldn’t have it later. So if something you wanted more came along you couldn’t get it. […]

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Tooth Fairy Payouts Up 13%!

Thursday, March 25, 2010

Just this morning I had one of those ’shake your head moments’. You know the ones. Where you scratch your head and go “huh?”.
I was updating “Frugal News” for the website and looking at all the different news items. One from Consumer Reports said that the Tooth Fairy payouts were up 13%! Who knew? I […]

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A Puzzle

Tuesday, March 16, 2010

One thing that’s puzzled me over the years of dealing with people and their money (and there have been quite a few of them!) is why people make financial decisions that are not in their best interest.
You see that most of our economics is based on the assumption that you and I will try to […]

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The Foreclosure Rental Trap

Thursday, March 4, 2010

A record 2.8 million U.S. properties began the foreclosure process in 2009 (according to ForeclosurePulse.com). It appears that there’s no end in sight. And, while the focus has been on families losing their residence, there’s a subplot that’s gone largely unnoticed. Innocent renters are often hurt when banks foreclose on their landlords.
Nationwide it’s estimated that […]

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Money Tapes: Proud to Be Poor

Thursday, February 18, 2010

My money tape? Being poor is something to be proud of. My Dad was a factory worker, my mom stayed home. They both worked very hard to provide everything we needed and more. We have a very prestigious private college locally. I was able to live at home and work […]

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My Money Tape

Tuesday, February 16, 2010

My tape is that too much money is not good to have. The way i grew up my parents had a lot of money and I was embarrassed. So therefore I’ve led a life just having as much as I need, and spending the rest. I would like to break away from this tape as […]

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The Danger of False Money Tapes

Monday, February 8, 2010

As we’ve discussed before, our Money Tapes are thoughts that go through our mind telling us what we believe to be true about money. Typically they’ve been with us a long, long time. We’ve accepted them as part of our reality.
But what happens if one of our Money Tapes is false, or isn’t true all […]

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Your Personal Balance Sheet

Tuesday, February 2, 2010

 Here we are already entering the 2nd month of the new year. With the holidays over, it’s a great time to focus on our finances.
Sometime over the last few weeks you should have received statements on all your savings, investment and retirement accounts. This is a great opportunity to work up your Personal Balance Sheet […]

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Just a Second

Tuesday, January 19, 2010

We do so many things automatically. And, that’s probably a good thing. Can you imagine if you thought about every breath before you took it? Thankfully there are many things in life that we don’t need to think about. That we can just do.
But, just as there are things that don’t require any thought, […]

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