| BOWMAN'S MONEY COLLEGE - FINANCIAL EDUCATION WITH STRATEGIES TO SAVE MONEY |
| January
22, 2010 Just because you dont make as much as someone else doesnt mean there arent ways to enjoy the same things they do. Things like education, home furnishings, and the gym can still be enjoyed by you regardless of your income. You just have to be creative. Keep in mind that it is not about the thing so much as it is about the result. For example, I can listen to music on a $299.00 64G iPod Touch or I can listen to it on a $30.00 mp3 player. Regardless of the kind of player I use I still get to listen to my favorite music. Here are some ideas. Cars: The rich buy a brand new corvette. The frugal shopper buys a 10 year old Camero for less than book value. Everyone drives a sports car. Entertainment: The rich go to the new casino that just opened. The frugal shopper organizes a poker game with your friends at your home. Everyone enjoyed a night of gambling entertainment. Movies: The rich can buy a newly released movie each week on Blu-Ray or DVD for $25.00 each. The frugal shopper rents movies online for $2 (about $8 a month) and gets unlimited access to thousands of new and older movies. Everyone gets to watch new releases each week. Landscaping: The rich hire a crew to cut the grass, trim the hedges, fertilize the yard, and plant new flowers for $2,000. The frugal shopper did all the same things for $200.00 on the weekend with materials you bought on sale. Everyone has a good looking front yard with curb appeal. Home furnishings: The rich - buy from art galleries. The frugal shopper - buys art work at clearance prices at the furniture stores going out of business sale. Everyone - has artwork hanging in their homes. Education: The rich live on campus for four years at expensive universities. The frugal shopper received a grant, works part time, and goes to the community college. Everyone receives a college education. Internet: The rich have high speed wireless internet for their home laptops. The frugal shopper uses the librarys computer center to get online. Everyone has the same access to the wealth of knowledge and answers that can be found online. Books: The rich - have all the latest books mailed to them through their book club. The frugal shopper - borrows all the latest books at the library. Everyone has read the latest books, magazines, and newspapers. Gym: The rich go to the swankiest gym in town. The frugal shopper gets all the same exercises done using their body weight and objects found at home or the park. Everyone gets a workout. Food: The rich buy organic vegetables and fruit at a specialty health store. The frugal shopper plants a garden in your back yard. Everyone eats healthy, organic food. Specialty clothing: The rich buy $200 football jerseys at the teams retail store. The frugal shopper buys an exact replica at an online auction for $40. Everyone wears a new, high quality football jersey. Television: The rich buy a 42 flat screen plasma TV for $900. The frugal shopper bought a 27 box TV from Wal-Mart for $188. Everyone gets to watch the Pittsburgh Steelers game! Clothing: The rich may buy the newest summer fashions in June and winter fashions in September at full retail price. The frugal shopper planned ahead and buys this years summer fashions right after Labor Day and this years winter fashions around Valentines Day at 75% off. Everyone owns new, fashionable clothing. Home accessories: The rich may buy cooking utensils, candle sticks, vases, and other miscellaneous household accessories at specialty shops. The frugal shopper makes those same purchases at the dollar store or auction. Everyone has equipped and decorated homes. Holiday decorations: The rich can buy their new Christmas decorations in November at full retail. You buy your new Christmas decorations marked for clearance on December 26. You both have a stockpile of beautiful Christmas decorations in your home. Alcohol: The rich have no problem paying $2-$3 a beer at the bar. The frugal shopper pays 75 cents for every beer bought at the distributor. Everyone gets to drink, but the frugal shopper can buy beer for two of his visiting friends as well for the same amount the other guy is paying at the bar for just himself. Lunch: The rich go out to a restaurant for lunch everyday. The frugal shopper goes out to lunch as well, but takes a packed lunch to the park. Everyone went out for lunch. New car look: The rich achieved a new car look by purchasing a new car. The frugal shopper spent the afternoon washing, waxing, sweeping, scrubbing, shining, and detailing her car. Everyone has a glistening car sitting in the parking lot at work. Baby clothes: The rich buy brand new baby clothes every three months for their infants. The frugal shopper uses hand me downs from friends, co-workers, and the rich. Everyone has their babies in cute clothes. What else can you think of? If you see someone doing or purchasing something that you believe would bring enjoyment or value to your familys life ask yourself how you can replicate the same result within your own means. When you think outside the box, explore, research, and ask questions you will be pleasantly surprised at just how many things you can have and do as well without going into debt! For more information visit BowmansMoneyCollege. You are invited to join me at LinkedIn!
|
The Quarter Roll Online Editions: Spring 2010 Summer 2010 Fall 2010
| About | Home | Mike's Story | Sitemap | Blog | Stories | Success Story | Classes | Seminars | Contact | Ghost Writing |
|
"Bowman's Money College, Penn Hills - Turning poor into more" |
| Bowman's Money College, located in Penn Hills, is published to provide personal insights and opinions on saving and managing money, budgeting, and reducing debt. Also provided are ways to start a small business, decrease your tax liability, and build wealth. Bowman's Money College does not give professional accounting, legal, or investing counsel. The ideas, examples, and advice presented on this site are solely the opinion of the author based on his personal experiences. 412-376-SAVE © All rights reserved. Contact at LinkedIn. |