Money Diet Challenge: Top 5 Tips

And so it Begins The money diet is starting tomorrow and although it’s been a few years since I’ve gone on a diet, I’m super excited for this challenge. In years gone by, I’ve totally kicked butt at money diet challenges and don’t think I’ve ever lost one. Here are my secrets and even though they’re secrets I’m going to share with you because I want to help my readers be as awesome as they…

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Short-term vs. Long-Term thinking and how it relates to financial success

These past few days, I’ve been working away on my new book about financial freedom for teachers abroad and the following thought has been running through my head. Financial success all comes down to short-term vs. long-term thinking. There are lots of people who don’t think beyond the immediate in front of them-today, this week, this month and next month. These people often struggle to pay their bills each month and live in the land…

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Frugal Living: the Shopping List and taking advantage of sales

There are certain things at the grocery store that are always on sale. In Korea, there tends to be buy 1, get 1 free sales on things like cooking oil, breakfast cereal and other processed food and toiletries every month or so. A way to take advantage of these sales is by never getting into the “desperation” phase. When I notice something is getting kind of low, for example a half bottle of oil or 10…

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When things break…go big or go small?

I’ve had my blender for about 8 years and I use it almost everyday because I eat green smoothies for breakfast 9 days out of 10. I bought it third-hand off an expat who was leaving for $10. I’d say it was quite a good value and my cost per use is less than a penny! Unfortunately, it broke yesterday and I need to buy a new one. But, what to do? It’s common knowledge…

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Staying cool, minus the air-con

My goal is to “retire” early in a few years and just work part-time or do online stuff a few hours a week. To reach this goal, I do three things: 1. Invest my money in dividend paying stocks. 2. Build Passive Income Streams, like Squidoo. 3. Live frugally, so that I have more money to do #1. Part of living frugally in Korea in the summertime is living without an air-con in my apartment,…

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The hidden cost of what we eat

The things that we buy in a store have a price, but this isn’t actually their real cost. The real costs of things are often hidden and perhaps not apparent until days, weeks or even years later. For example, a t-shirt might be only $5, but if you indulge in sales similar to this too often, soon you’ll have way too many clothes and need a bigger house to store all your things, which will…

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Working a lot vs. living frugally

I quite rarely work 40 hours a week. My contract is only for 9 teaching hours and then I generally get forced to do another 3 hours of overtime for 12 hours. And then I’ll do some optional overtime for around 8 or 9 more hours. Prep and admin generally take up around 8 or 9 hours so that’s aroudn 30 hours/week. Sure, I could do more overtime and work 40 hours or more and…

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Spend Less Than you Earn

Anyone can do it! No matter your income level, spending less than you earn is by far the most important thing. We’ve all heard those stories about people earning millions of dollars a year going bankrupt. Conversely, we all know about the guy next door working at some average job who ended up dying with millions in the bank. The difference is that one guy spent more than he earned while the other one didn’t.…

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