Tuesday, March 3, 2015
In my last post, I briefly mentioned my desire to get out of debt. To me, living small means more than just living in a small house. It also means spending small. And that runs in my genes! The women in my family have made this our family motto: Numquam pretium persolvere - "Never pay full price"!
When I would come home from a shopping trip, my husband John and I used to play this game (okay, I used to make him play this game!). I would hold up the item, and John had to guess how much I paid. A sweater in April with a red clearance tag? "$15?" "Nope!" "$8?" "Nope! $6.95!" (After awhile, he got smart and started seriously underbidding, like $2 for anything... but we all know that's not how you play the game!)
I also get seriously excited when I see our accounts making money. Last year we switched our investments and retirement savings from a "big box" company to a small, family-run investment advisory in Goshen, NY (10-15 Associates - whom I highly recommend). I had no idea just how much more we could be growing our assets with a good advisor! And my experience is you don't have to have a ton of capital to start, but you do have to start.
My point is, I'm passionate about being financially free.
I think I'm on my way. Our old house - also, my biggest debt - is on the market. We didn't plan to get out of debt this way, but... well, here we are! (You can read more about that shift in my last blog post.)
I'm not an economist or a financial advisor by any means, but I see financial freedom as a balance between saving more and spending less. To me, it's like losing weight. There are lots of ways to do it, but it basically comes down to either exercising more or eating less. And I'm ready to lose some financial weight!
Before I expound upon some highly developed financial plan that's probably already out there, let me point you to this blog post I found that hit close to home for me, with practical methods in just a few words. Check out The Minimalists post on Financial Freedom. I love a lot of the things these dudes have to share, and there's nothing like a little inspiration on a Tuesday night (or anytime)!
And when you're done reading, let me know what you think. What works for you? What doesn't? What tools have you used to increase your financial independence? What's the most money you ever saved on something: in a day or a week or a lifetime? What weighs you down? And, most importantly, what lifts you up?
Thanks for reading, and may we all find more financial freedom this week.