When I was in the early stages of growing my net worth, the common wisdom was to avoid subscriptions like the plague. They were viewed as sneaky money sucks—small monthly expenses that quietly drained your bank account and added up to big losses over time. I took that advice to heart. For years, I had very few subscriptions (maybe just a few magazines, mostly … [Read more...]
Do You Have to Cut All Your Expenses to the Bone?
We have some amazing mentors in the Millionaire Money Mentors forums. Some of them are even accomplished authors! Over the next few months I'll be sharing excerpts from some of these authors' works. Today we have an excerpt from F.I.R.E. for Dummies -- a book that I loved reading and is now my go-to for introducing people to F.I.R.E. It's written by one of … [Read more...]
Conclusion of Happy Money Review
Today we finish the book Happy Money: The Science of Happier Spending. In case you've missed any of our posts in this series, the best way to catch up is to begin with the first article, Be Happier by Buying Experiences Over Things, and then click through to the others that follow in sequential order. In this post I'll highlight some final thoughts from the book as well … [Read more...]
IGE: An Alternative to ISE
This is part two of my quest to spend more in retirement to be happy. In case you missed it, part one was Our Search for Happy Retirement Spending. You should read that post before this one as it sets the stage for what happens here. As a reminder, I ended the last post with the following: Now remember, these two, seemingly different, things were happening at the same … [Read more...]
Our Search for Happy Retirement Spending
It all started with me considering how I could invest, spend, and enjoy (ISE) the rest of my life. Those of us in the Millionaire Money Mentors (MMM) forums have been talking about ISE and spending (versus saving) in retirement almost since the day the forums launched. This is because it's an issue faced by many who have accumulated wealth. It's common that people who are … [Read more...]
Be Happier by Investing in Others
Today we continue sharing from the book Happy Money: The Science of Happier Spending. In case you've missed any of our posts in this series, the best way to catch up is to begin with the first post, Be Happier by Buying Experiences Over Things, and then click through to the other posts in sequential order. In this post I'll highlight principle 5 as well as give you my … [Read more...]
Be Happier by Paying Now and Consuming Later
Today we continue sharing from the book Happy Money: The Science of Happier Spending. In case you've missed any of our posts in this series, the best way to catch up is to begin with the first post, Be Happier by Buying Experiences Over Things, and then click through to the other posts in sequential order. In this post I'll highlight principle 4 as well as give you my … [Read more...]
Millionaire Thoughts on Buying Time
I'm in the middle of a series on the book Happy Money: The Science of Happier Spending. In the last post, we talked about being happier by buying time -- basically trading money for time and avoiding unpleasant tasks by hiring someone to do them. We've discussed this issue quite a bit in the Millionaire Money Mentors forums and I thought I'd share some of those comments … [Read more...]
Be Happier by Buying Time
Today we continue sharing from the book Happy Money: The Science of Happier Spending. We've already covered principles 1 and 2 of this book. In case you missed them, you can catch up by reading Be Happier by Buying Experiences Over Things and Be Happier by Making Your Spending a Treat Friday. In this post I'll highlight principle 3 as well as give you my thoughts on … [Read more...]
Be Happier by Making Your Spending a Treat
Today we continue sharing from the book Happy Money: The Science of Happier Spending. We've already covered principle 1 of this book. In case you missed it, you can catch up by reading Be Happier by Buying Experiences Over Things. In this post I'll highlight principle 2 as well as give you my thoughts on it. Let's get started... Principle 2: Make It a Treat Here's … [Read more...]
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