Tuesday, October 9, 2007

Getting rich by being Frugal

Let's take another tack. Let's say Joe just spends one hour a week looking for
frugal things to do, like going for more energy-efficient lighting, installing
low-flow shower heads, making some homemade meals and so on. Joe manages to save
$75 more a month in the budget this way, giving him $325 a month ($75 isn't hard
to do from almost any monthly budget without much life change).

If he puts that $325 into that index fund at 10%, he'll have $25,167 in his
account. Even a bit of frugality blows away an incredible investment.</P>

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