Continuing Thoughts on Frugal Living, Saving and Investing

By No Means Am I A Billionaire!

By no means am I a billionaire, or a millionaire for that matter. But I am focused on becoming a millionaire who is more financially independent and still living within one’s means.

No matter what place you belong to in the financial spectrum from poor to gazillionaire, we all SHOULD BE saving at least 10-15% of our overall take home pay. And at the very least, put it away into a CD account that earns better interest than a regular savings account (which would be a waste of your time and money).

Because time and money are precious, and although we have the potential to have an unlimited amount of wealth, theoretically speaking, we unfortunately have a limited amount of time.

So if you are young and working, please learn from my mistakes and save your money and stay away from credit card debt! I know of too many people (including myself) who let the credit card debt get so out-of-hand, a few ended up in bankruptcy.

For a young adult, you need to be putting that recommended percentage of money away. Better yet, start up a Roth IRA account at a brokerage. There, you can eventually buy and sell stocks and bonds from within the Roth IRA and you wont get taxed whenever you profit. You’ll be taxed ahead of time, but whatever money you take out later will NOT be taxed. Yes, it will be tax-free! But the fact that you can invest in stocks (and bonds) is a very awesome thing within a Roth IRA account.

Frugal Living Continued…

On this website, I’ll tell you what stocks are doing well at the time. The thing is, the stock market is very fluid and subject to ups and downs. So, me giving you advice on which stock to buy might not apply next year if the stock is performing poorly.

Anyway, back to Frugal Living…

The fact that I’m a musician who works from freelance gig to freelance gig is a testament that I am acutely aware of where my money is coming and going. And I have lived through some tough times being a working musician, since there will be some awesome times and terrible times. One learns to do cost averaging to survive the slow times when gigs are few and far between.

I balance my musical income with income coming from the stock market, as I invest in stocks on different levels, from short trades to long trades to value investing strategies. One can’t rely on just one method, like day trading. As an investor and trader, it’s important to be flexible and adaptable to the stock markets shifts and turns.

But, for the young adult, what you want to do eventually is to build wealth by saving your money and investing in stocks that provide dividends and show potential growth. In the long run, the goal is to make your hard-earned money work FOR YOU, while you are sleeping, or while you are doing other things to earn money.

For the average person, it seems like the only way to build wealth other than inheriting it. Slowly build your wealth through a combination of frugal living and saving and investing.

Eventually, if you get to a point where your money works for you and you are earning a living from that, and you live well within your means, then you will free up more time that would’ve been spent sweating and toiling at a full-time job working for your boss.

Of course, there is nothing wrong with hard work, especially if its something you truly enjoy, then that would be your Life’s passion. That is absolutely a good thing.

But what I am referring to is when you are in a situation in which you have to work a job you don’t necessarily love, and you have to suffer and experience stress in order to just keep the job.

You want to be in a good place when it comes to your place of employment.

But, we are also talking about potential retirement where it’s good to have the money to continue living comfortably when you are retired from your job.

I personally believe in working into my retirement age, because it’s healthy (and if it’s something you love) and gives one purpose in Life.

But, wouldn’t it be good to get to a point where your job is an investor who invests more money into ventures that could make even more money?

I’m just throwing ideas out, but I see people who have succeeded when it comes to investing, whether it’s in CDs, the stock market, or investing in real estate. You want to start building passive forms of income streams so you don’t have to rely on one income stream in which you have to be present to work and earn that hard-earned money.

More on this later…

Disclaimer: The content provided here is for information and entertainment purposes only. It is not intended as an offer or solicitation to purchase any investment. And this material should not be taken as investment advice, since investors’ needs and strategies may vary. Investing in equities is subject to extreme volatility.
Trade at your own risk.

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Carlos Rull

Carlos Rull is a musician living in the San Diego area. His interests include Yoga, Eastern Philosophy, Zen Buddhism, and Gardening. He plays drums, piano, and composes New Age & Ambient music, and his albums are available on iTunes and

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