Hi All,

This is going to be a quicker posting than usual, Miel is traveling and I’m swamped at the University. But –singaporewatch.org has a great 7 part review of the book Americas Cheapest Family.

Evidently, on an income of $35,000 per year the family did the following:

1) Paid off a house in 9 years.
2) Bought their cars with all cash
3) Fed a family of 5 on $350 per month
4) Remodeled their kitchen without borrowing

Apparently living frugal can go a LONG way. Here is a family with hard physical proof that being frugal can still allow you to live a comfortable life.

Click here to get a summary of how they did it.

Best,

James

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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