My next book is going to be about being retirement-rich and salary-poor.
What does that mean?
It means that I’m going to be a millionaire when I retire, but in the meantime, I’m making just enough money to survive (and some years I’m not even doing that!).
In this book, I’ll reveal all my money-stretching secrets, including how I save money on food, clothes, housing, transportation (both public transpo and cars), health insurance, and more. I’ll also delve into my belief that successful frugality is inherently personal. I believe that spending according to your values and your weird, deeply personal interests and quirks, is what makes being frugal sustainable over the long run.
I’ll share specific examples from my own life, but I’m wondering, what’s on your mind when it comes to money? What worries you during the day? What keeps you up at night?
Send me any and all questions and concerns you have about money. No question or concern is too small (or too big).
Enter your thoughts below in the comment box or email me at peg {at} pegcheng.com.
I’ll do my best to address as many of your questions and concerns as possible in my next book. Thanks in advance for your help!
Peg Cheng is the author of Rebel Millionaire, a guide for how to retire as a millionaire even if you make a modest income, co-owner of Plaid Frog Press, and a career coach combining intellect with intuition. Born in Southern California to Taiwanese parents, Peg lives in Seattle.
Photo by Omar Rodriguez
I wonder about financial planning in the face of global warming: should I invest in stocks and bonds, or shotguns and canned goods? Seriously though, I often feel despair at the idea of investing when we seem headed for planetary disaster.
Totally understand why you’d feel despair, Edgy, but for me, planning for my future helps me to know that even if we are headed to planetary disaster, there are still things I can do now to ensure that I’m taken care of, and my loved ones are taken care of, before we all burn up. Personally, I am a big fan of index funds (you’ve read Rebel Millionaire, right?) and canned goods. 😉
You raise a good point: we can’t know exactly how things will fall out, so we do the best we can, with what we have, where we are (to steal from modern Stoic philosopher William Irvine).
That reminds me, I’m going to snag a copy of Rebel Millionaire for someone I know at work. It’s too late for me to retire with a million, but he’s a creative young photographer who recently discovered the power of saving. I think he can take the ball and run with it.
Thank you for your recent order, Edgy! So good of you to pass on REBEL MILLIONAIRE to your coworker. That’s fantastic that he’s recently discovered the power of saving. I hope my book will inspire him to keep going.
By the way, I’ve always loved this line about my Libra Sun that I read in Linda Goodman’s SUN SIGNS when I was in sixth grade: You don’t want to be a millionaire, you just want to live like one. It struck me as being true even when I was just 11 years old.
You may not retire with a million, Edgy, (who knows, though??) but I have a feeling you’re going to live like a millionaire when you retire. I have faith that your love and appreciation for the things that truly matter will carry you there.