Bozanimal / Member

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Advice: All I Need to Know I Learned From Cartoons

There is a story that I like to tell people that believe I am overly frugal (cheap even!). I tell them about Scrooge McDuck. If you remember Duck Tales, you'll remember that Scrooge McDuck is the richest duck in the world. He has so much money that he had to construct his own building in order to secure it all, the money bin. here's the quick story:

Scrooge McDuck is taking Huey, Duey, and Louis out for a soda. He buys one small soda and three straws for them all. One of them asks him,
"You're the richest duck in the world, why don't you buy us each a small soda?"
"Or at least a large soda to share?"
His reply? "How do you think I got that way?"

You don't become wealthy by spending your money.

You need to save. The national savings rate has been negative since 2005. Start saving. Pay off your debt. Put money into a CD or money market. You may need it for an emergency, or to start your own business, or to buy a big item instead of lots of small crap.