Unlike most retirement planning and lifestyle books that focus on investing – or at the other end of the spectrum, on how to get the senior discount on a Grand Slam Breakfast at Denny’s – this new book from Jeff Yeager, America’s favorite cheapskate, makes the compelling case that you can have a joyous, worry-free retirement by merely spending smart and focusing on what you truly want and expect out of retirement.
Jeff Yeager, dubbed "The Ultimate Cheapskate" by Matt Lauer on NBC's Today show, is a very cheap guy. He re-cants, as opposed to decants, the wine he proudly serves his dinner guests, funneling cheap box wine into premium-label bottles. He believes you should never spend more than per pound on food items. And to save time and energy costs, he soft-boils his morning eggs along with the dirty dishes in the dishwasher.
"[Jeff Yeager] ...proves once and for all that living happily within your means is
possible at practically any income."
"Jeff Yeager has a way
of unleashing the inner cheapskate in us all!"
"If you don't save ten
times the amount you spend on this book, you probably didn't read it."
Jeff Yeager and writer Adam Lucas have finally emerged from sequestration in the cheapskate testing laboratory with the The Bodacious Retirement Budgetary Worksheet.
Jeff Yeager's new book is an eBook-only release entitled "Don't Throw That Away" is all about creative ways to reuse stuff rather than just trashing it, saving you money and helping to save the environment at the same time. And it talks about how to repurpose just about anything, from "Airsickness Bags" to "Zippers," according to the Index in the book. In addition to tons of practical tips, it also talks about the environmental impact of our throwaway society.
He's at it again, but this time he's not alone. America's Ultimate Cheapskate is back with all new secrets for how to live happily below your means, α la cheapskate. For The Cheapskate Next Door, Jeff Yeager tapped his bargain-basement-brain-trust, hitting the road to interview and survey hundreds of his fellow cheapskates to divulge their secrets for living the good life on less.
Lifestyles of the Rich and Frugal
Tuesday, 28 October 2014
"If you buy things you do not need, soon you will have to sell things you need."
That sounds like something any one of the hundreds of proud, self-proclaimed "cheapskates" I've written about over the years would say. And it is a major tenet of living a frugal, simpler life " one which, I would argue, is ultimately happier, less stressful and more rewarding.
But it may surprise you to learn that those words were actually spoken by none other than Warren Buffett, the "Oracle of Omaha," who is currently the second richest person in America and one of the most philanthropic. Buffett is just one of a surprising number of the super-rich who continue to live according to a frugal credo, even though they could obviously afford to spend and live far more lavishly. In fact, Buffett still lives in the same relatively modest house he bought in 1958 for a little over $30,000. (He does claim to buy expensive suits, though, adding, "They just look cheap on me.")
I've often wondered if having an abundance of wealth makes it all the more apparent that many of the best things in life are those that come without a price tag. I've written here before about the importance of asking yourself one simple question throughout life: How much money and how much stuff is enough for me? I call the process of answering that question "Slaying Your Enoughasaurus." Of course, everyone's answer will be different and it may change over time. But until you've answered that question for yourself, how will you know how best to go about achieving your financial goals and, more important, when you've finally "arrived" and can call off your war-for-more?
For an article in AARP The Magazine I wrote a few years ago, I interviewed Juliet Schor, a Boston College sociology professor and author of The Overspent American: Why We Want What We Don't Need. Schor shared a very interesting observation which I'd never thought about before, but which makes sense and helps to explain why so many Americans seem hell-bent on living beyond their means. According to Schor, while previous generations of Americans strove to "keep up with the Joneses," today the bar is set much higher " in part because of overexposure to mass media " to the point where we now aspire to live like the wealthiest of the wealthy.
So now we want to "keep up with the rich and famous." But maybe instead we should look more closely at how at least some among their ranks, including Warren Buffett, choose to live despite their fabulous wealth. It's worth thinking about.
Check out the latest episode on my weekly Web show, The Cheap Life, for a behind-the-scenes look at celebrity cheapskates.
Also of Interest
- Upcycling: Everything Old Is New Again
- 3 Classic Cruise Ship Rip-Offs to Avoid
- Get Involved: Learn How You Can Give Back
- Join AARP: Savings, resources and news for your well-being
See the AARP home page for deals, savings tips, trivia and more
Make Your Own Mulch
Friday, October 31, 2014
You can make your own mulch by shredding, crushing, chopping and/or decaying organic matter such as leaves, pine needles, grass clippings, paper, and tree limbs, branches and twigs. As opposed to compost, mulch is not as far along in the decomposition process, and it's intended to lie on top of the soil, whereas compost is mixed into and becomes the soil. Mulch inhibits weed growth and helps retain moisture so you can water your garden less.
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