A dollar saved is like $100 earned (Over time). Here is how to save the most from your earnings. You can look for big savings in rents, transportation, food, and dining out. Costly recreation and travel are non-essential items for the beginner.    …  A fool and one’s money are soon parted. …

… Being Thrifty has many rewards. …

The Best Things in Life are Free

Rule #1. .. Don’t pay full price. Seek out bargains at garage sales, estate sales, and thrift shops. You will meet many wealthy shoppers there!

Rule #2 .. Search for bargains and trade or barter with others.

Rule #3 .. Start a 5-Year Plan for your savings objectives. Put your savings to work and gain dividends and interest payments. .. Do not gamble with your investments.

Rule #4 .. Buy with cash rather than on credit. Avoid payment of interest.

Rule #5 .. Live in a smaller/more frugal home  such as described by “The Small House movement”, at https://en.wikipedia.org/wiki/Small_house_movement.

Rule #6 .. Be content with a job that is steady and prepare for the worse cases. Jobs may be scarce in the future.

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Avoid; … Car purchase on credit. Buy what you can afford. Buy a luxury car only when it is within your means. … Buy only a used car, two years or older.

Avoid; … Auto accidents. … Buckle up!

Avoid; .. Doctors and Hospitals. … Be health conscious. .. Practice wellness.

Avoid; .. Lawyers. … Seek amiable solutions. … Avoid greedy temptations.

Avoid: .. Emotional entanglements. … Stay well grounded.

Avoid; .. Unemployment. A shortage of jobs may require creativity.

Avoid; .. Expensive and unnecessary travel and frivolous luxuries. Do you really need them, or are you being seduced by false promises? Be smart and don’t gamble with your savings. It is more reliable to: … Get Rich Slowly ...

Delayed gratification is a mark of maturity. … Plan your life carefully.

The child learning about Frugality is also developing his/her mind along more healthy lines of thought and interests. The child is starting to become more aware. The child is becoming more aware of his environment. The child adds meaning to his life as he begins to see the many connections that he is a part of. The child grows into responsible adulthood. The young adult will participate in voting.

     The World’s future becomes brighter and more sustainable.

You also can look forward to a truly mellow and fulfilled maturity, decades of satisfied living. What can bring more contentment than to have a solid financial cushion in your vintage years! The rewards of a thrifty life are sweet indeed.

Your solid Voting Habits will help the less fortunate souls.

The person with thrifty habits has the potential of retiring wealthy, or at least better off than the non-thrifty one. By avoiding the bad habits of excessive materialism, a cash savings develops. The cash saved is invested for times of future needs and in good times will generate dividend growth and capital gains. This requires no more knowledge and expertise than owning shares in an ETF fund representing the total market of quality shares of stock. This is normal conservative investing. It is not gambling when held for long time periods.

When the Rule of 72 is applied it is easy to estimate how fast one’s savings may appreciate over time. Simply divide the number 72 by the expected annual percentage gain. This tells the number of years required for the investment to Double in value. For example, a 10% annual rate will result in a doubling in 7.2 years; A 7.2% rate will require ten years to double in value. It is easy to see the enormous value in starting to save and invest at an early age. If you start a smart investment plan at age 20, expect to retire wealthy.

Try to save 20% of your earnings when young and maybe only 10% when older, depending largely upon your circumstances (See Note below). Your savings will grow by the power of compounding interest.  For example, by saving $250 a month for ten years, your nest egg will grow to $50,000. … One dollar will grow to 128 dollars after only seven cycles of compounded doubling.

Our modern 21st Century world has many uncertainties. A life of thrift and frugality will be better equipped to weather the tough times. Good jobs will not be available for everyone, whether skilled or unskilled. A committed habit of savings in the good times is essential for a managed life.

HOW YOUR SAVINGS GROW. … Savings grow by investing in stocks, bonds, or in real estate. The one most essential thing to know is that all of these investment types have business cycles. They cycle from periods of fear and of greed. These are cycles of too high and of too low. Never invest when optimism is excessive. Try to invest when gloom and fear are at their highest. Read books for more details such as below:

RECOMMENDED BOOK

“No One Ever Told Us That”

by John Spooner

Of course the wiser and more aggressive investor can be expected to do better than the ultra conservative investor. … Just be certain to ask yourself … “What if I’m wrong?” … So that you will have a “Plan B”.

A healthy lifestyle is also a wise investment.

Health and wealth and happiness are interrelated, but which one comes first?

Frugality practices can lead to greater Happiness.

Happiness leads to a fuller life. Wealth can add to happiness.

Regular voting insures both wealth and happiness.

Note: … I just heard of a friend’s Grandmother who advised her Daughter to always save 50% of every dollar she earned. The Daughter became a nurse and did save about 50% of her earnings until an accident prevented her from working for five years, but she was able to sustain herself only because of her previous savings habits.

… Life is full of the unexpected. …

… We all need a cushion some times. …

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