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Super Saver

Posts: 3675
Location: Kingston, Canada (USDA zone 5a)
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I have listened (and recently re-listened) Paul's podcast with Jacob Lund Fisker and am always amazed at Jacob's insights. I was really impressed when I read this article where they describe a family of 5 saving 70% of their income and who are mortgage free.

Confessions of super savers: How they hoard their cash
Posts: 9002
Location: Victoria British Columbia-Canada
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I think those of us who have land can aspire to be super investors in land improvements. Money spent on the right trees can gain value faster than most investments.

For young people who are saving for land, cash hoarding is great.

It amazes me that some families will spend half of their income keeping a roof over their heads. I have never come close to that. I currently spend $350 per month in a shared space. Victoria has expensive housing. The average price being around $600,000. My rent is exactly the same as my day rate of $350 should someone need a demolition crew managed or a house sliced in half. For many years I spent far less on accommodation, but it was various vans that resided at job sites. Ultra frugality becomes habitual and a bit of a contest. I often compare expenses with other cheapskates. My friend Bill just picked up a good mini van, for $300, so he is this month's winner.
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