How Do You Get Rich Living Frugally?
Save Your Money!
How Do You Get Rich?
Do you remember that old Steve Martin joke about the secret formula for becoming a millionaire?
"First, get a million dollars ..."
Everybody loves to give saving and investment advice, and most of it sounds like this joke. In fact, a 2011 study revealed that only seven percent of Americans ever reach the point where their assets, net worth, are valued at a million dollars or more. While a million dollars doesn’t go as far as it did back when Steve Martin made his joke, it’s still a financial landmark for most of us. If you’re like most Americans, you need to start by trimming your monthly budget and learning how to save money on practically everything, so you can save money like a millionaire. This site is all about providing tips on how to live on a tight budget, so you can begin to save.
With homes, land, and cars skyrocketing in value over the last few decades, you’d think there would be more millionaires in America. There aren’t. According to studies conducted in 2010 and 2011, somewhere between forty-two and seventy-seven percent of Americans live from paycheck to paycheck, and fifteen percent of America is receiving welfare or food stamps. As you might expect, this isn’t conducive to getting rich.
How to Be a Millionaire Living Frugally
In reality, it’s not as hard as you might think to become a millionaire, but you certainly can’t do this when you’re living paycheck to paycheck. There are numerous ways to reach this financial peak. Speak with any financial advisor, and you will hear these three questions:
1. How much time do you have to work with? Perhaps the most critical part of saving is when you start. Start saving as early as possible, even if it’s just a few dollars a month.
2. How much will you save? A popular commercial asks, “What’s your number?” This is actually a crucial question.
3. How will you invest that savings? The answer to this depends on how much of a risk taker you are, how much time you have before you want to reach your goal, and how much money you are saving.
The problem with these questions is that they all assume that you have a savings, that you make more than you spend. Regardless of how you answered each of these questions, you need to save more and spend less. Luckily, there are many, many ways to do this, but first you need to be frugal. These sites will help you save money on virtually everything.
Live Frugally and Save Money on Practically Everything
AUTOMOBILE
Auto Insurance
Spend Less on Auto Insurance: The Money Saving Expert
Auto Leasing
Is It Better to Lease or Buy a Car: Budget Savers
Auto Loans
Pay for a Car: Auto Loans and Bank Rate Auto Loan Calculators
Car Rentals
How to Save Money on Rental Cars: Penny Pinching and Frugal Living
Gasoline
Save Gas, Cut Fuel Costs: Expert Money Saving
New Car
New Car Negotiating Tips: Spend Less
Used Car
How to Buy a Used Car: Cut Spending
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HOME & LEISURE
Food
Save Money on Food: Food, Coupons, and Frugal Living
Entertainment
Free Entertainment: The Money Saving Expert
Heating & Cooling
Save Money on Air Conditioning: Save Money on Heating Bills
Telephone
How to Save Money on Phone Bills: The Budget Saver
Water
Save Money on Water Bills: Cut Spending and Save Money
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MISCELLANEOUS
Airfare
Save Money on Flights: Money Tips and Tricks
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MONEY & CREDIT
Home Insurance
Your Home Insurance: The Money Saving Expert
Mortgage Refinancing
Current Mortgage Rates USA: Penny Pincher Budget Savers
Purchasing a Home
