“What the hell is a money miser?”
Money Miser is primarily going to be a blog about increasing wealth, with little effort, that anybody can do. It is not some pyramid scheme for lazy people to get rich off and it’s not going to happen overnight, but it also won’t take your entire life. “Rome wasn’t built in a day,” they say. To that, I say, *“Yeah, but it didn’t take a bloody lifetime either”.
To answer the opening question for those that aren’t familiar with the term, a miser is defined as a person who hoards wealth and spends little money. I couldn’t have described myself more concisely if I tried! For some reason, a miser generally has extremely negative connotations in society, akin to a penny-pincher or Scrooge, if you will.
I don’t get it, personally. What’s wrong with wanting to be wealthy and spend money only when necessary? Isn’t that something we should all aspire to do? I think society would be in a much better place if more people took a miserly approach, but instead, we have record levels of debt and people working themselves into their own grave.
There Is More To Life
Why are citizens of the most prosperous nations on earth so hell-bent on working until they’re dead? Isn’t there more to life? This answer is YES! A small but growing amount of people are realizing this and taking steps towards designing a life of freedom. Freedom from working, freedom from answering to others and freedom to do whatever the hell you want to do, whenever you want to do it. Sound good? Then stick around, there’s a lot to cover.
To begin with, you need to assess your current financial situation. This typically ranges from:
- I’m bloody loaded. My net worth is so big I could quit my job right now and be fine. I own my own house and have absolutely no debt.
- I’m doing great, saving a ton of money every month and have no debt. I could probably retire in under 10 years if I was more disciplined.
- I’m doing pretty well, saving a little each month. I have a bit of debt but it’s that “good” debt like a mortgage. If I keep chugging away I could probably retire several years before most.
- I’m doing okay, I’m not able to save much money but I do own some valuable assets like a house and car, though these are financed primarily with debt. I’m probably in line with retiring at the recommended age.
- I’m not doing so well, I basically live month to month and I’m unable to save a dime. I wish the taxman would take a break for a bit so I can stop drowning. I don’t know how I would cope if I lost my job right now and retirement seems a long way off!
- I’m having a torrid time and struggle to sleep at night. I’ve maxed out most my credit cards and I’m struggling to make ends meet. I’m contemplating changing my identity and moving to Alaska it’s gotten so bad. Retirement? Don’t make me laugh.
- Holy shit is it bad! I’m up to my neck in debt, just lost my job and have no fathomable way of ever paying any of it back! What the hell do I do?! I’m more worried about my next meal than retiring, give me a break!
The goal of Money Miser is to enable you to work your way up to the highest possible level you can imagine. If you’re already at #1, feel free to chime in with advice in the comments. Stuck at #4 like the majority of society? Just know it can be much, much better with a few simple changes to your lifestyle. Drowning in #7? Well, it’s not going to be so easy, but even you can get back on track and take control of your life.
Many people reach #4, think they’ve reached the pinnacle and simply stop trying, while others don’t even get there. These people typically use a bunch lame excuses they claim aren’t in their control as to why they can’t get ahead. We’ll be touching on these topics and much more moving forward. If you want to be a Money Miser like me, you might want to start following some of the advice you’ll find here going forward.
* I understand Rome took many centuries to reach its “leader of the empire status”, I was trying to be dramatic, give me a break!