ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How Do You Get Rich Living Frugally?

Updated on June 28, 2015

Save Your Money!

Source

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

-------------------------------------------------------------------------------------------------------

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

-------------------------------------------------------------------------------------------------------


MISCELLANEOUS

Airfare

Save Money on Flights: Money Tips and Tricks

-------------------------------------------------------------------------------------------------------


MONEY & CREDIT

Home Insurance

Your Home Insurance: The Money Saving Expert

Mortgage Refinancing

Current Mortgage Rates USA: Penny Pincher Budget Savers

Purchasing a Home

Tips on Purchasing a Home: Cash Budgets

Becoming Rich by Living Frugally Comments

    0 of 8192 characters used
    Post Comment

    • arizonataylor profile imageAUTHOR

      arizonataylor 

      6 years ago from Arizona

      Thank you. I'm glad you enjoyed it. My favorite article is on hypermiling, saving money on gasoline. With gas prices the way they are, I've saved a lot of money following the advice within this hub.

      Best wishes.

    • arizonataylor profile imageAUTHOR

      arizonataylor 

      6 years ago from Arizona

      Thank you.

      I kept reading advice on how to prepare for retirement, but every article assumed that the reader had excess cash to invest. Today, fewer people have that income. Many people are literally living from paycheck to paycheck. Because of this, I decided to write a series of articles (hubs) about how to slash expenses, so you might actually have extra money to invest. I think it's safe to say that most of us can cut expenses. Just a small amount of money, over a period of time, can become quite a large sum of money.

      Best wishes.

    • lj gonya profile image

      lj gonya 

      6 years ago

      Agree with you 100%. My mother was a genius when it came to saving money. The problem today is, setting aside money after paying for gas, food, and other necessities.

    • Carmen H profile image

      Carmen Beth 

      6 years ago

      Interesting hub title; it pulled me here. A very neat thing of having your hubs on money matters all in one hub. Voted up and useful.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)