The Simple Dollar (25 page)

Read The Simple Dollar Online

Authors: Trent Hamm

true hourly wages,
52–53

work hours statistics,
51

The Casual Kitchen
(Koontz),
27

chaining meals together,
99

changes (life)

actions versus words,
214

committing,
232–234

experiences trump things,
226

living like no one else,
231

success from differentiation,
228

trying something different,
227

worrying about what others think,
229–231

Chavis, David M.,
61

cheap versus frugality,
84

children

attribute attacks,
194

educational priorities,
200–201

exceptional experiences,
198–199

family sabbaticals,
199

growth mindset,
193–194

money skills,
190–192

paths to adulthood,
189

praising effort,
194

self-learning,
197–198

self-reliance,
195–196

success, cultivating,
201

unconditional love,
195

undergraduate education,
xv

clubs, joining,
106

clutter,
89
,
218–220

cohorts,
118

college savings versus retirement savings,
184–186

Colvin, Geoffrey,
130

communication

interpersonal,
133

long-term financial security planning,
4

money,
169
,
172

communities

benefits,
62

building,
67

defining,
61

distributed,
62

event calendars,
106

finding,
67

generalized reciprocity,
112

giving,
205

connections,
211

financial,
208

getting started,
211

political/social causes,
207

positive attitudes,
208

power,
206–207

professional,
207

talents/knowledge,
209

time,
210

influence,
62

local,
62

membership,
61

online game documenters,
61

outward connections,
67

participation,
60
,
70

peer-based,
126

benefits,
127

career success,
135–137

deliberate practice,
130–131

finding,
126

giving,
207

learning/growing/synthesizing,
128

mentorship,
134–135

participating,
126–127

passion,
129–130

power,
127

transferable skills,
131
,
134

power,
61

problems,
63

reinforcement,
62

relationships,
66–67

shared emotional connections,
62

social intelligence,
68–69

tragedy of the commons,
63–65

types,
62

concern (social intelligence),
69

connections, giving,
211

consolidating debt,
6

consumer debts,
30

contributing, peer-based communities

career success,
135–137

deliberate practice,
130–131

learning/growing/synthesizing,
128

mentorship,
134–135

passion,
129–130

transferable skills,
131
,
134

convenience foods, advance preparation,
98

cooking at home,
95

core values (frugality),
85–87

coworker loyalties,
124–125

creativity,
133

credit cards,
30

Cross, Kristen,
28

crossover points,
159–162

aggressive investments,
160

partial,
159

retirement,
187

saving,
160

snowflaking,
161

cultivating happiness,
19

cutting spending

entertainment,
105–107

essentials,
87–89

food,
94
,
97
,
100

fundamental rules of frugality,
107–109

housing costs,
103–104

nonessential,
56

transportation costs,
104–105

utility bills,
101–102

D

Dacyczyn, Amy,
96

debt

consolidating,
6

freedom,
143

interest rate reductions,
5–6

repayment plans

benefits,
12

methods,
7–8

selling unnecessary personal items,
9–10

snowflaking,
11

risks,
2

snowball,
7

source of personal risk,
30

deliberate practice (peer-based communities),
130–131

designing new lives

audacious goals, setting,
148–151

five steps,
151–153

foundation, creating,
142–144

rule breaking,
145–147

distributed communities,
62

Doland, Erin,
219

Dominguez, Joe,
52
,
159

Dweck, Dr. Carol,
193

E

educational priorities (children),
200–201

emergency funds

dream life foundation,
143

unexpected negative events,
28

unexpected positive events,
26

empathic accuracy (social intelligence),
68

employee reliability,
xv

enhanced enthusiasm (audacious goals),
149

entertainment costs, minimizing,
105–107

essentials, spending,
87–89

experiences

exceptional (children),
198–199

negative,
16

trumping things,
226

F

family

lending/borrowing money,
6
,
175–177

sabbaticals,
199

Ferriss, Tim,
41
,
151

financial giving,
208

financial stability

crossover points,
159–162

aggressive investments,
160

partial,
159

saving,
160

snowflaking,
161

lifestyle inflation, avoiding,
156
,
159

maintaining,
164–165

protecting wealth,
162–163

finding

communities,
67

happiness,
19

mentors,
134

peer-based communities,
126

five steps towards happiness,
19

fixed mindsets,
193

focus,
220

food, frugality,
94–100

convenience food preparation,
98

freezing meals,
98

home cooking,
95

inexpensive recipes,
100

leftovers,
99

meal chaining,
99

meal planning,
96

price lists,
96

soda addictions, breaking,
100

weekly grocery fliers,
97

footprints, reducing,
80

foundation (dream life),
142–144

The Four Hour Work Week
(Ferriss),
151

Franklin, Benjamin,
83

Free Agent Nation
(Pink),
181

freedom from debt,
143

freezing meals,
98

Frost, Maya,
199

frugalists,
78

frugality

cheap, compared,
84

core values,
85–87

defined,
84

dream life foundation,
143

entertainment,
105–107

essentials,
87–89

food,
94–100

convenience food preparation,
98

freezing meals,
98

home cooking,
95

inexpensive recipes,
100

leftovers,
99

meal chaining,
99

meal planning,
96

price lists,
96

soda addictions, breaking,
100

weekly grocery fliers,
97

fundamental rules,
107–109

housing costs,
103–104

peak-end rule,
90

routines, overvaluing,
91
,
94

sacrifices,
85

transportation costs,
104–105

utility bills,
101–102

fundamental rules of frugality,
107–109

future self,
55

G

gap

increasing,
78–79

maintaining,
164–165

managing

crossover points,
159–162

lifestyle inflation, avoiding,
156
,
159

minding,
74–76

wants versus needs,
76–78

generalized reciprocity,
112

Gilbert, Daniel,
17

giving,
205

connections,
211

financial,
208

getting started,
211

political/social causes,
207

positive attitudes,
208

power,
206–207

professional,
207

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