This month, I want to focus on financial frugality and simplicity in living. If you want to build and keep wealth, one of the tried and true ways is through the exercise of frugality. This value–and dare I say virtue–of being frugal ultimately means being a good steward of your resources. Can you still have an enjoyable life if you are frugal? Absolutely! Does frugality mean living on beans and rice and only shopping at thrift stores? Hardly! Read, listen, and watch these resources below for inspiration and encouragement:
- Read: This brief (I’m talking 134 words here!) blog post highlights Five Questions Worth Asking Before Buying, which are great rules of thumb to consider when making any purchase.
- Listen: Mr. and Mrs. Frugalwoods (note: not their real names) made a dramatic decision to leave their white collar 9-5 jobs to homestead on 66 acres in rural Vermont. In this podcast interview with Jesse Mecham of YNAB, learn more about what led this couple to make this move in their early 30s.
- Watch: This short exchange between David Pakman and Peter Adeney (aka Mr. Money Mustache, who has been highlighted in the newsletter before) begs to answer the question of “Does money buy happiness?” Not only is the answer no, David and Peter discuss ways in which you can adjust your lifestyle to find more meaning in what you have, rather than filling your life with superfluous stuff.
For those interested, we did just complete the second quarter of 2018. Here is the market commentary for how things went.
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You can click on the links below to access this month’s resources. Thanks for reading, listening, and watching!