A New Blog about Personal Finance: Practical Advice for Living Well by Living Frugally
There was a man of significant wealth and the father of seven children – six sons and a daughter. He resolved to teach them an important financial principle. On New Year’s Day, the first of January, he made this offer to each of his children. They could chose a gift of:
Continue reading “A Fable: Pennies a Day and the Power of Compounding”
This posting’s title borrows from the Texas capital’s informal slogan: “Keep Austin Weird”. The point being: if you adopt a frugal lifestyle with the goal of long-term wealth accumulation, you will be out of step with how most folks spend their money.
Be warned: Once you adopt frugal ways, you could really stick out among your present circle of friends and colleagues – like card-carrying Democrat living in West Texas.
A Preview of Upcoming Posts and a Survey Too
For some time, I have been thinking about articles for the blog, jotting down ideas and completing a few drafts. Today, I’m sharing a few of these ideas with you and am providing you the opportunity to give your input through a survey.
Welcome to Frugal, Wealthy and Wise!
Thanks for visiting. This inaugural post serves as an introduction as well as the story behind the blog.
During 30+ years together, my wife and I have experienced tight times as well as periods of prosperity. But we are reaping the rewards of frugal living. We have lived in the same modest house for 27 years. Since being married, we have only purchased one new car — the tale of that particular purchase will definitely be a topic for a future post.
For us, the rewards of frugal living have included: (1) attaining financial independence and freedom from financial worries (2) being able to give generously to charitable causes we believe in (3) seeing our children graduate from universities carrying zero student debt. In my mind, financial independence is the ultimate luxury.