Festival of Frugality #129
It is great to be featured again in the 129th Festival of Frugality! This week it is hosted by Money Ning who challenges us to try a little harder this week to save some bucks.
One of the other features in the festival is “The Unlikely Way to Save Money“ This is a great little story about the possibility of getting rid of almost all your living expenses entirely in order to finally become financially free. I really like the concept. It reminds me of a couple I read about recently who live off of a very small nest egg (I think it was around $400,000). They spend only $400 a month total. They grow and raise their own food, don’t buy clothing, etc. Interesting! It is just refreshing to hear that there are people who do things differently from the “accepted norm.”
Along these lines, I’ve chosen two blog articles to feature here, one from the festival of frugality and the other from a completely different type of blog altogether. I think they are both worth a read and a good think!
First up is Why You Should Focus on Spending Less Over Earning More. Shannon Christman writes here about how saving is really quite easy compared to earning more. There really are some concrete steps you can take to spend less, but there definitely aren’t fail-safe steps you can take to earning more, says Christman.
Second is The Poverty Mentality by Alan Weiss. Now, while this article focuses mainly on how a professional organization for high-power consultants ought not to advise its members on how to save a few hundred bucks for fear of loosing credibility, there is an idea here worth going over for those of us who aren’t consultants: people do want to hang out with people who project success and confidence, people who are enthusiastic, people who inspire you. Are you this type of person? This reminds me of my post on image versus frugality. If you’d like to weigh-in on this please leave a comment! (You have to click “read more” to get to the comments - I’ll have to fix this soon!)
June 10th, 2008 at 12:38 pm
Thank you for mentioning my article posted on http://www.contrarianconsulting.com. I think it provides a very impressive balance on your part, and I appreciate it.
Alan Weiss
June 10th, 2008 at 1:17 pm
Thanks for responding Alan! I read your blog regularly. I find it generally motivates me to work harder, not to mention gives me numerous ways to better my consulting business (even though I am not a management consultant).
August 7th, 2008 at 2:43 pm
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