People often think that frugality means “doing without” and to deny the pleasurable things in life. Rather we need to look at it as a means of appreciating what we have, and to make the best use of our resources to accomplish goals we set for ourselves.
Wealth Virtues Journal: May 27, 2010
Getting Paid for Free Services
I have always been amazed at the means by which individuals and businesses are able to provide either deep cuts to the sale price of a product, or provide a “free” service to a customer that still makes them money. We often use the terms “mark-up”, “hidden costs”, or the more mercurial, “smoke and mirrors” to describe this.
Wealth Virtues Journal: May 26, 2010
CLEANLINESS: How Franklin’s 10th Virtue Helps to “Change” Your Financial Future
I use Franklin’s virtue of Cleanliness to make a point of how the practice of such virtues can lead to small gains. Small gains compounded lead to – larger gains.
Wealth Virtues Journal: May 25, 2010
Should I Invest in the Stock Market, or Real Estate?
From the start of 1980 to the end of 2004, home sale prices increased 247%. A pretty sweet deal, it would seem. Over the same period, however, the S&P 500 shot up more than 1,000%.
Wealth Virtues Journal: May 24, 2010
How to Generate Income with Free Time and Free Tools
In my book, Wealth Virtues, I discuss various means for eliminating debt. After cutting expenses, creating some means of deriving additional income is the next logical step. To do so, one must evaluate the cost, either in time or capitol, to invest in that new endeavor. I suggest using Benjamin Franklin’s virtue of Industry as the guide to devote time, rather than money, in this effort. Of course, the time you devote to this effort must be balanced with your duties to your family and other means of employment. Once you have resolved to dedicate your newly found “free time” to this effort, let me suggest some entirely free tools to provide the path for this additional income.
Wealth Virtues Journal: May 9, 2010
Franklinomics: A Way to Business and Personal Wealth
Franklinomics is a living guide to help you with all aspects of wealth – from the practice of frugality at home to the creation and management of a business.
