"America's Cheapest Family". Click on that name to see their website and books.
What was their method in a nutshell? To refuse to use debt to fund an unsustainable level of consumerism, and to intentionally get out of mortgage debt as quickly as possible. They have paid cash for cars and college and have intentionally crafted a simple lifestyle that they find to be fulfilling and teachable. They have written books and gone on various tv shows to document how to live a more thrifty and debt free lifestyle.
Then there are those who cut their WANTS down to only NEEDS and postpone major spending until they have enough savings and investments that can carry them comfortably through their retirement years....with lots left over to pass onto their heirs.
The gent that I think of that utilizes this strategy is none other than "Bernard Kelly " who
wrote quite a stunning compelling "how to " book about persona finance.( click on his name to view his book)
He suggests radical choices early on in life can have a huge impact on your ability to one day have the life of your dreams. One of his own personal fave choices was to defer car ownership until he turned 30. This one choice, in and of itself allowed him to put away a higher percentage of employment income into his choices of investments. This empowered him to have vastly more financial freedom later in life to pursue his lifestyle of choice.
The only thing I find irritating about his written tale, is that I can't seem to figure out what has happened to Mr. Bernard Kelly.... did he disappear? Is he still teaching and writing? Does anyone know?
Then there is the wonderful spendthrift and millionaire, the late Verna Oller,( click on her name to read about success of her estate) whose thrifty ways included cutting her own hair and using an old zipper to tie her boots up so that she wouldn't have to spend any money to buy new boot laces. Her savvy investing granted her the joy of leaving her millions of dollars for the community she lived in to one day have their own community pool.
She is a literal inspiration especially for women like myself, because she taught herself how to invest by going to the library and borrowing copies of Barron's wherever she could. She hated the thought of spending good money to go buy her own books and magazines, but would travel around town to gain access to free copies of the best books and investing/business magazines in order to empower her investing.
Some folks take great risks and win big..... The Canadian Singer Alanis Morrissette made a killing when some stock she owned in a small company went public..... from stock worth less than half a million dollars to over 40 million dollars overnight in the year 2000. It always does the heart good to hear these stirring stories.
Do you know someone who has, through persistent creative thinking, carved out a beautiful and prosperous life? Do you find their style to be "replicable"? Do they teach others their hard won strategies?
When we, as fellow humans on this adventurous journey called "life", discover ways and means to empower ourselves forward to achieve noteworthy success, I believe we are compelled to share our discoveries so that the rest of us can learn. Do you agree?
In peaceful productivity,