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Showing posts from May 19, 2011

Painless Ways to Save Money and Increase Your Wealth

Nice Article by  Liz Davidson is CEO of   Financial Finesse “No pain, no gain,” is a mantra for weightlifters and it’s true – in order to build muscle you need to break down the muscle fibers and allow them to build back up again.  The saying doesn’t necessarily apply to  everything  in life; there are relatively painless ways to save money.  Don’t get me wrong – there are painful ones too, and sometimes it is worth paying the price to go the extra mile to reach a savings goal.  It all comes down to how much short-term pain you want to endure in order to increase your wealth in the long run. There is actually a new movement called “Early Retirement Extreme” with the premise that you can retire in five years by saving 75% of your income and investing it in income producing assets.  I am not sure how the numbers stack up to retire in five years, but I absolutely love the premise – it’s a challenge.  This movement is certain...