The Secrets of Financial Freedom: An Interview with the Millionaire Next Door
These are tips from a millionaire who was a school teacher and retired at age 58.
Very similar to frugal tips from my mother.
The real secret is to spend less than you earn.
My mother always say to spend 50% of every dollar and save the other half.
...learn what a kilowatt hour is.
Mom: Know how much your rice cost you.
if you have a credit card, you should benefit from it.
Mom: Take full advantage of benefits. After all, only fools don't get benefits.
People need to learn to cook from raw ingredients.
Mom: Healthy home cooked food is the best.
It’s okay to buy used.
Mom: Used is okay, free is better!
A dollar spent will never produce dividends.
Mom: Save, save save!
Volunteer to help others.
Mom: Good karma will happen to those who help people.
I can buy whatever I want. Not need, but want. I just don’t want very much.
Mom: No point in wasting money on things you don't need.
...wealth is created by investing money, not by working longer and harder.
Mom: Learn to invest money wisely to let money grow money.
Read more:
The Secrets of Financial Freedom: An Interview with the Millionaire Next Door
http://www.getrichslowly.org/blog/2009/04/30/the-secrets-of-financial-freedom-an-interview-with-the-millionaire-next-door/
I also happen to read about Willing Workers On Organic Farms from this interview. I am thinking of working on a farm when daughter is older. Allah SWT willing I will continue with my research on farm work.
Willing Workers On Organic Farms http://www.wwoofusa.org/farms?filter=&state=TX&commit=Search+Farms
Very similar to frugal tips from my mother.
The real secret is to spend less than you earn.
My mother always say to spend 50% of every dollar and save the other half.
...learn what a kilowatt hour is.
Mom: Know how much your rice cost you.
if you have a credit card, you should benefit from it.
Mom: Take full advantage of benefits. After all, only fools don't get benefits.
People need to learn to cook from raw ingredients.
Mom: Healthy home cooked food is the best.
It’s okay to buy used.
Mom: Used is okay, free is better!
A dollar spent will never produce dividends.
Mom: Save, save save!
Volunteer to help others.
Mom: Good karma will happen to those who help people.
I can buy whatever I want. Not need, but want. I just don’t want very much.
Mom: No point in wasting money on things you don't need.
...wealth is created by investing money, not by working longer and harder.
Mom: Learn to invest money wisely to let money grow money.
Read more:
The Secrets of Financial Freedom: An Interview with the Millionaire Next Door
http://www.getrichslowly.org/blog/2009/04/30/the-secrets-of-financial-freedom-an-interview-with-the-millionaire-next-door/
I also happen to read about Willing Workers On Organic Farms from this interview. I am thinking of working on a farm when daughter is older. Allah SWT willing I will continue with my research on farm work.
Willing Workers On Organic Farms http://www.wwoofusa.org/farms?filter=&state=TX&commit=Search+Farms
Labels: personal
posted by Jiru at
8:27 PM
