Forget earning more. Let’s talk frugality
Over the last few months, I’ve noticed a change in the type of posts that my readers are looking for. It’s not about investments, or asset allocation, or entrepreneurship. In this economy, people want to save money — period.
That’s why I launched the Save $1,000 in 30 Days Challenge. That’s also why I wrote my new Ultimate Guide to Personal Finance. This is an excellent place to learn more simple ways to improve your personal finance and money management.
And looking back, when I launched the Trent/Ramit Challenge, it’s clear I was wrong. I’ve been making fun of frugality tips for too long.
$3.00 lattes? It adds up: That’s over $700 per year, or $17,500 over 25 years (and that doesn’t count investing).
Eating out? Forget it. I’m announcing a new set of tips on how to avoid eating out at any cost.
And finally, going out. Have you ever spend $10 on a cover charge or $9 on a drink? That’s ridiculous. You could be putting that toward your retirement. I’m launching a new series on free things you can do on your weekends and dates instead of spending money.
I’m sick and tired of yuppies saying it’s ok to spend money on $300 purses and new iPhones every year. I’m guilty of this as much as anyone.
Today, I’m announcing a new program because my readers asked for it. I Will Teach You To Be
Rich Frugal will be the new name of the game. I hope you guys understand.