tag:blogger.com,1999:blog-32639162.post116462820536553886..comments2023-12-07T01:00:56.264-05:00Comments on My Wealth Builder: Frugal Living Wins Over More Income – Anecdotal EvidenceSuper Saverhttp://www.blogger.com/profile/11172939501208456194noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-32639162.post-1166785971779806782006-12-22T06:12:00.000-05:002006-12-22T06:12:00.000-05:00Frugal Place,Thanks for your comment. I think we ...Frugal Place,<BR/><BR/>Thanks for your comment. <BR/><BR/>I think we both agree that it is an AND - i.e. frugal living and increasing income. Long term, most people need to have both parts in place to be financially successful. From what I've observed, it seems to be more important to master frugal living. <BR/><BR/>I enjoyed reading your articles on The Frugal Place.Super Saverhttps://www.blogger.com/profile/11172939501208456194noreply@blogger.comtag:blogger.com,1999:blog-32639162.post-1166725521767283632006-12-21T13:25:00.000-05:002006-12-21T13:25:00.000-05:00I totally agree with both sides of the argument. ...I totally agree with both sides of the argument. Frugal living is great and does save money, but in many instances people need more income as well to reach their goals. I know I have increased mine with contract and freelance work and it's really paying off for us.The Frugal Placehttps://www.blogger.com/profile/01835519722155750648noreply@blogger.comtag:blogger.com,1999:blog-32639162.post-1165530889534802642006-12-07T17:34:00.000-05:002006-12-07T17:34:00.000-05:00Terry,Thanks for your comments and sharing your th...Terry,<BR/><BR/>Thanks for your comments and sharing your thoughts. You make a good point about a benefit of home ownership.Super Saverhttps://www.blogger.com/profile/11172939501208456194noreply@blogger.comtag:blogger.com,1999:blog-32639162.post-1165386951790687642006-12-06T01:35:00.000-05:002006-12-06T01:35:00.000-05:00I earn my state minimum wage and have no marketabl...I earn my state minimum wage and have no marketable skills and no hope of buying a home. While I hold no illusions that buying a home is a ticket to vast appreciation and wealth, I believe it IS a crucial defensive action for chronic low earners like myself. For many of us, buying a home (or not) is the difference between being able to enjoy a modest retirement and never being able to retire at all.<BR/><BR/>Those who cannot buy a home are unable to lock in or even stabilize their housing costs and have no long-term economic security.lAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-32639162.post-1164675982428267182006-11-27T20:06:00.000-05:002006-11-27T20:06:00.000-05:00Moom,Thanks for your comment. Great points. I li...Moom,<BR/><BR/>Thanks for your comment. Great points. <BR/><BR/>I like the idea of increasing spending at a lower rate than the income increase. That is always a win.<BR/><BR/>Agree that in some cases, the income is not sufficient, no matter what is done. For those cases, the solution is likely an AND - learning to be frugal and increasing income.Super Saverhttps://www.blogger.com/profile/11172939501208456194noreply@blogger.comtag:blogger.com,1999:blog-32639162.post-1164649081625376152006-11-27T12:38:00.000-05:002006-11-27T12:38:00.000-05:00The key is to not allow expenditure to expand as f...The key is to not allow expenditure to expand as fast as income does. That's certainly one of my "secrets". But for someone having a hard time making ends meet, cutting expenditure probably won't work miracles. Either they really don't have enough income or it is hard to accept a lower level of lifestyle so the chances they will stick with a MUCH more frugal standard of living are not high (like crash diets).Anonymousnoreply@blogger.com