Saving money is the secret to generating enough surplus capital to begin investing and building a better life for you and your family. These articles and posts involve saving money, such as ways to lower your expenses or the importance of living within your means.
More than generation ago – all the way back in 1996 – the late Dr. Thomas J. Stanley released a book called The Millionaire Next Door that detailed how actual wealth accumulation differed from people’s incorrect assumptions. I think the formula for future generations of self-made millionaires will be slightly different.
A friend of mine, a nuclear engineer, once explained that he doesn’t bother to contribute to forums or message boards when the topic of nuclear energy is brought up anymore because people are irrational about it, interested in their own confirmation bias rather than learning or having an honest discussion. Almost everyone I know working in…
An Update on the (Almost) Year-Long Energy Saving Program Almost a year ago, I began to notice some weird things with our electric bill. What followed was me getting obsessed with figuring out where the energy was going, even measuring the daily cost of operating my coffee pot. Then, a resolution to take $2.4 million…
Since the energy saving program 4 months ago, the real world results are exceeding projections. Thank you, again, to those of you who wrote me with suggestions! I estimated that the energy efficient light bulbs alone would save an average of 288 kWh per month, or 3,456 Kwh per year. They are actually saving 317 kWh per month, or a run rate of 3,804 kWh per year. That means my net cash savings are around $410 per annum. Over the next 25 years, if I put it to work at average rates of return, it will add an extra $40,300+ in net worth to my family’s balance sheet. By the end of my natural life expectancy, it will add $933,800+ in extra wealth to my family’s balance sheet.
Thank you all for the amazing comments and suggestions you left on my post about my investigative project with the weird kWh figures I was getting from my utility company. I’ve been so obsessed with the project I haven’t had time to write individual responses, but I did read every one of them and, in many cases, add it to a task list to check and / or immediately go out and spend some cash on a device that could help narrow down the problem.
I Think Someone Is Stealing My Electricity … or the Power Company Is Making Up Numbers Okay, it’s not that I think someone is stealing my electricity per se, it is that I have eliminated nearly all other possibilities and have narrowed the situation down to a handful of unlikely scenarios that are the only…
I’m going to walk you through how I’d save money if I were a typical 25 year old with a spouse and one kid on a $40,000 salary.
My family gets paid to drink milk because we take advantage of a dairy rebate program.
The Berkshire Hathaway shareholder discounts at Nebraska Furniture Mart end in a few hours, with the discount at Borsheim’s cutting off tomorrow. The furniture buyer with whom I am working has spent the past week finalizing my spreadsheet, locking me into the enormous savings that are available. [mainbodyad]Taking advantage of the stockholder pricing is one…
On this site, we talk a lot about how to play offense in the game of building wealth – investing in assets that generate cash, increasing your skill set so you can charge a higher price for your time, starting or acquiring businesses that throw off profits – but today I want to talk about an…
