How to Retire the Cheapskate Way takes the opposite end to retirement planning. Instead of learning hot investing tricks or even old school strategies to maximize your nest egg, this book is all about reducing expenses. As discussed in another post,a penny saved is 1.57 pennies earned! In it you learn to focus on what you actually want from retirement and find the cheapskate version, which can be achieved with very little money.
How to Retire the Cheapskate Way covers everything from fulfilling side jobs that can supplement retirement, to where to get less expensive medical care and how to navigate Medicare, to extreme frugal living. It is filled with cheapskate strategies ranging from the normal brown bagging your work lunch to the extremes of saving discarded calendars and giving them out as Christmas gifts when the dates line up again.
Where I found it:
I found this one while browsing the very limited financial section of my local library.
I am a cheapskate. My poor husband has to beg me to throw out everything from old underwear to tangled embroidery thread. Many sections of this book were like candy for me as I got glimpses of people doing things that I would totally do. It gave me more confidence in my cheapskateness and assurance that it is really okay to never spend money on things.
It also helped me feel much more at peace about retirement. Between a social security check and some type of “selfish” employment, I can survive without any retirement fund. It would be way nicer to have more money in retirement, but if I don’t need to have money, money gets a lot less stressful.
Don’t let a financial planner tell you what you need (unless, like Yeager, your potted plant needs a stack of papers to catch the runoff water). You have control of your spending and you don’t have to be conventional.
I recommend How to Retire the Cheapskate Way to anyone who has thought about retirement and worried if they will have enough to make it. Don’t worry, you don’t have to go to the extremes to benefit from this book.
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