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#2He could have started with the main line. This would have made the article better.
There is saying: "Cheapness is the mother of misery"
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#3He could have started with the main line. This would have made the article better. There is saying: "Cheapness is the mother of misery"
I get tired just thinking about ways to save money. I'm not a big spender by any means, and my road to frugality begins and ends with one question "Do I REALLY need it and will it help me be happier or more productive?" (ok, that's really 3 related questions). I'd rather spend my limited brainpower in other ways. I also don't want to look back on my life and point to being cheap as a primary driver.
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#4So cheap that I convinced a lot of my friends to sponsor my new home; this way I wouldn’t have to pay for any of the furniture.
Sounds like I'd want to be his friend. I live pretty cheap, but I'm not afraid to buy my friend a beer or a burrito. Social capitol is not about money, but about having friends to help you out with things.
And it seems that in business, being frugal at the beginning is important to keep your expenses in check, but eventually you have to spend money to make money.
My Dad lives pretty frugally, but he spends like $5K every year on a great trip somewhere (Turkey, Nepal, Africa, Europe, etc.) He could just save all that money up, but then he wouldn't have been all those great places. He could also do all the trip planning himself and probably save a couple grand, but doing it through a company makes the trip much smoother, and in the end, better.
I think a better mantra is to be as cheap as you need to be on the basics (ie don't waste money unnecessarily), but spend real money on things you really care about. If you love biking, save up for a great bike that you really want.
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#5The core point of the article is sound -- you should strive to get the most out of every dollar. But there's a danger in spending too much time optimizing expenses in ways that ultimately don't provide much return.
You might spend an extra 15 mins a week looking for coupons that'll trim $0.25 off a package of toilet paper. But over the course of a year, you've only managed to save $13 -- at the real cost of 13 hours. That's not a good optimization if you believe an hour of your time is worth more than $1.
It's like changing all the double-quoted strings in your PHP script to single-quoted strings because you think it'll save a few cycles during parsing, when you really should be spending that time optimizing your I/0 calls.
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#6Too bad they didn't teach him not to put annoying "Someone has just viewed " pop-ups you cannot disable on his website.
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#7They should have taught him to use a bearable font on his blog..
And is that Comic Sans in his unsuccessfully comical starting picture?
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#8So cheap that I convinced a lot of my friends to sponsor my new home; this way I wouldn’t have to pay for any of the furniture. Sounds like I'd want to be his friend. I live pretty cheap, but I'm not afraid to buy my friend a beer or a burrito. Social capitol is not about money, but about having friends to help you out with things. And it seems that in business, being frugal at the beginning is important to keep your…
It's good that you want to be his friend, since he's looking for someone to buy his new HDTV and his other friends are all tapped out!
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#9The core point of the article is sound -- you should strive to get the most out of every dollar. But there's a danger in spending too much time optimizing expenses in ways that ultimately don't provide much return. You might spend an extra 15 mins a week looking for coupons that'll trim $0.25 off a package of toilet paper. But over the course of a year, you've only managed to save $13 -- at the real cost of 13 hours.…
The sad (but very real) part of this is that there are a lot of people that wouldn't do anything constructive with those 13 hours anyway. Not to mention, there are a lot of times during the average person's day where they could cut out coupons while they are doing something else like watching TV.
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#10This guy sounds like a douchebag. Is hoarding money en vogue now? It's one thing to be frugal, but it's another thing to be a greedy miser. If everyone did this, it would choke the financial markets and drive the world into stagflation. The free exchange of money is vital to the economy and health of the world. With any luck, he'll leave a bunch of money to his kids who will promptly spend it on booze, hookers, and blow.