I went to Rockstar Finance the other day and saw a featured post called, “Man Saves Thousands of Dollars Just By Thinking.” The post was written by Jacob over at Early Retirement Extreme, and it’s a gem. Here, for example, is an excerpt from one of his post’s fledgling thinkers describing how transformative thinking can be.
“You know, I used to buy my breakfast everyday, $5.99 for an egg and a muffin, and it was costing me tons of money, but then I started thinking. When you think about it, frying an egg is really not that hard. So now I just do that and I’m saving more than $2000 each year.”
Wow! I can’t emphasize enough how brilliant this post is. In less than 800 words, Jacob identifies the primary reason why so many Americans are struggling financially: they refuse to think. That’s right. The only thing that separates the typical American from financial success is a willingness to take that mass of neurons sitting in his or her skull and use it to solve two problems—how to earn more and how to spend less.
So kudos to Jacob. Great post. Why, then, did I start this post off with the sentence, “Oh, crap!”? What’s the problem?
Problem is that I had a similar post in the hopper, only I didn’t describe the antidote to financial struggle as “thinking.” No, my antidote was much more pompous. I called it Functional Brain Engagement (FBE). And I had numerous examples of how FBE can increase your earnings and decrease your expenses. I also had a chart showing how much money can be generated in the long run by various FBE-created gaps between earnings and expenses. For instance, if your FBE managed to increase your monthly net earnings by $250 and decrease your monthly expenses by $250, and you invested that extra $500 a month for 30 years, your nest egg would be $673,699 larger. How groovy is that?
But all my FBE on how to present an astute financial insight in an interesting way was for naught. Jacob from Early Retirement Extreme swooped in and stole my freakin’ thunder! Thank you, Jacob.
Talking Trash with Mr. Groovy
Okay, I didn’t have a stellar week. The weather in Charlotte was annoyingly humid. My two-story porch, upon further review, does have some rotted joists and will probably require a few thousand dollars in repairs. And a rockstar blogger totally crapped all over my ego—I’m not the only one in the financial blogosphere who comes up with remarkably keen insights. Sigh.
But at least I put together another terrific episode of Talking Trash, right? Well, yes and no. My topics for this week are the Shaytards and Quonset huts. And even though the production quality of my video is as flawless as ever, things still manage to go a little south. You’ll see. No one ever said vlogging was going to be easy. Have a great weekend, groovy freedomists. Peace.