In the midst of what seems like endless economic chaos, I work for a company that is doing exceptionally well right now. So well that many people are getting caught up in it. Private equity firms are constantly knocking on the door, and it seems like I frequently hear talk of an IPO.
As the [...]
As I’ve said before, being frugal is about controlling your money and making choices so that you can allow yourself to splurge, because if you aren’t controlling your money, your money will control you. That sounds easy enough but in reality living frugally is not easy at all. It’s something that I struggle with daily, [...]
Since I began writing, about a year ago, “Frugal” has become quite the buzzword which is practically a 180 from when I wrote “When Did Frugality Cease Being a Virtue.” I even read an article in the Wall Street Journal last week that proclaimed Frugality is once again a virtue.
When I began writing, I’m not [...]
Not as much as most people think.
The following information is adapted from research by Stephanie Komon at Kent State University, and is based on the book The Millionaire Next Door. Stephanie’s research was derived for the ability of fundraisers to be able to spot wealthy people, but it is very relevant for us. Her presentation [...]
My wife and I have essentially been living as if we were making mortgage payments on our new house for the last 6 months, but instead of paying a mortgage (and taxes and insurance and Homeowners Association) it’s all been going into savings for our down payment.
We admit that we are stretching ourselves to buy [...]
