SMS 122 – Why Be Different?

If you want something nobody else has you have to be willing to do something nobody else does.

That something should be financial independence early in life.

How to be different:

  1. Drive an older car
  2. Live in a modest home
  3. Avoid home improvements
  4. Vacation frugally
  5. Don’t follow the masses

SMS 121 – The Truth about Credit Cards

The truth about credit cards:

  1. credit cards are not required but are convenient
  2. credit card should never be used for credit
  3. credit card hacking is a hobby not a strategy
  4. credit cards are not an emergency fund
  5. credit cards need to managed like a bank account

SMS 120 – Minimalism Misconceptions

Misconceptions of a Minimalism

  1. Minimalism has to grow organically
  2. One person’s minimalism is another’s excess
  3. Minimalism can be expensive
  4. Minimalism is not for everybody

Book: The Life-Changing Magic of Tidying Up

Audiobook: The Life-Changing Magic of Tidying Up

SMS 119 – Signs of Financial Distress

Five subtle signs you might be moving in the direction of financial distress:

  1. You are spending money that is less than 30 days old
  2. You have no savings goals
  3. You are more focused on where your money is coming from rather than where it is going
  4. You are using some form of credit to pay for living expenses
  5. You are paying interest on the credit used for living expenses

SMS 118 – A New Beginning

The Simple Path to Wealth: Your road map to financial independence and a rich, free life

The Value of Simple: A Practical Guide to Taking the Complexity Out of Investing

Mr Money Mustache Blog

The Mr Money Mustache Show

JL Collins: “The Simple Path to Wealth” | Talks at Google

SMS 117 – Frugal Holiday Season

  1. Build traditions not wow factor
  2. Home made decorations mean the most
  3. Books make a great gift
  4. Presence is the best present
  5. At least one gift has to be hand made or second hand
  6. Gifts flow downward in generations
  7. Plan for at least one outdoor activity
  8. Enjoy a free local Christmas event
  9. Gather around the radio for Christmas stories
  10. Make helping somebody less fortunate part of your
  11. celebration

You will know you are doing it right if with every passing Christmas you have yet another remember when story

The result will be a more profound experience and one that will leave you better than before.

SMS 116 – Living on 50% of your Income

Living on 50% of your Income:

1. Early financial independence equals control
2. Eliminate risk from you life

1. Move in this direction – not too slowly
2. Remove temptation
3. Control of your environment
4. Don’t fall victim to the gold fish effect
5. The double edge sword of living on 50% of your income
6. If you believe you can’t then you are correct
7. Inaction is in it’s self an action
8. If you are in your 50’s you have already done this (25 years ago)