MONEY SAVING STARTS NOW
Hello and thank you for taking time to read my personal finance and lifestyle blog. I regularly get calls, texts, and emails from friends asking me similar questions on how to get a bargain or smart shopping tips. I thought it was best to compile the questions into my blog and share them with everyone.
I worked my way through college before and after waiting tables. I paid off all my student debt during my junior year of college. Then I saved enough money the following year for a down payment on a small house with some roommates. I never wanted to pay rent to someone else. Instead, I want to earn equity as a homeowner.
I’ve always been frugally savvy, such as opening up my own Vanguard IRA at age 19. In the 90’s, I read how not drinking a coffee a day can save $5 per day and nearly $2,000 per year, I opened my IRA to start savings for my future. Of course, there have been ups and downs in the stock market.
I use to think I was smarter than the market by try trading stocks, daily in some cases. There are very few money managers who’ve outperformed the stock market. Why do I think I am smarter than a professional? I don’t try to time it anymore but now dollar cost average. I have purchased index shares at the top and bottom. Take the emotion out of investing and setup automatic withdrawal.
It’s funny, some years I wonder where all our disposable income went? Then I remember that my wife and I max out each of our retirement plans.
I look forward to sharing my tips and tricks on how to be frugal without being cheap. I know, there’s a fine line. My friends are probably being kind when they say I’m frugal and smart, and not being cheap.