People often think that frugality means “doing without” and to deny the pleasurable things in life. Rather we need to look at it as a means of appreciating what we have, and to make the best use of our resources to accomplish goals we set for ourselves.

Common strategies of frugality include the reduction of waste, curbing costly habits, suppressing instant gratification by means of fiscal self-restraint, seeking efficiency, avoiding financial pitfalls, defying expensive social norms, embracing… Continue

Benjamin Franklin's 13 Virtues (of which Wealth Virtues is based) includes his virtue of Cleanliness. It reads, "Tolerate no uncleanliness in body, clothes, or habitation." Wealth Virtues looks to use the thirteen virtues as a basis for principles in which to increase personal wealth. Like Dr. Franklin, I attempt to practice the virtues on a regular basis as a matter of principle and occasionally, the effort does have its financial rewards, though sometimes small. After a bout of freezing weathe… Continue

On the Franklinomics Twitter "Tweet" http://twitter.com/Franklinomics of 4 February 2009, I stated "Young employees - now is the time to invest big in your 401K and IRA. This is the best down market in years, so max your gains now!" As my Twitter comments feed into my Facebook page, I had a couple of Facebook responses. One is from Irvin one of my oldest friends since elementary school, who states"

"Heck NO!! Not me baby!! I cashed mine out just be… Continue