Wednesday, November 6, 2013

                                            Wealth Advice that Should be Obvious:
      To summarize Mr Money Mustache's article, it hypothesized ideas for saving.  These ideas included eight key points to saving.  They are as follows.  1.  You don't try to gamble your way to wealth.  2.  Windfalls are for buying freedom, not jet skis.  3.  You don't buy shit you can't afford.  4.  You don't buy shit you don't need.  5.  You don't pay to have shit stored.  6.  You don't think of restaurants as a source of food.  7.  You put the good shit on automatic.  8.  You stock up on things when they're on sale.
    Taken as a whole the points are simple, usually small lifestyle changes that can drastically improve wealth.  I believe Mr. Money Mustache is helpful and holds good advice.    The conventional thinking Mr. Money is trying to promote is to cut back on standard opulence and stop inflating your lifestyle when debt is prevalent.  Mr. Money's idea is very workable and practical - although I think giving up a few believed standards of living would be difficult at first, such as shorter showers on somewhat cooler temperatures.  I think the main strength in the article is the satirical and anecdotal sense of humor - it portrays the financial advice in a desirable setting.  Fortunately I didn't see any blaring faults in the article, so that's a plus.
                                                 
This is a link to another frugal article I think will be beneficial particularly to College students who happen to be living on main campus next year - as most students take the bike route for their daily commutes.  http://www.mrmoneymustache.com/2011/11/03/how-to-ride-your-bike-all-winter-and-love-it/

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