Welcome cheapskates to our frugal journey
Hi! We’re Mr and Mrs Cheapskate
You know, I used to think living it up at the beach with a brand new car and big house were the signs of success. Surely if you can afford expensive things, then you must have money right? On the flip side, I had been taught that if you want to get ahead, you need to save money. Look after the pennies and the pounds will look after themselves right? This didn’t make any sense to me because these two things seemed like such polar opposites. How was I going to be able to afford to holiday in the Seychelles every year by saving pennies?
Luckily for me, I’ve since learned a few things. First, these people weren’t rich. They certainly lived like they were, but the lady in the image at the beach, is actually statistically more likely to be broke, in debt and will be working a dead end job for the rest of her life. Welcome to the middle class, where if you can’t afford the things you want, you can borrow it! All for the low low price of working for the rest of your life in a job you hate to pay it off until you die. Bleak right?
But hang on, if I wasn’t borrowing my way to the middle, why wasn’t I rich? It’s true – you don’t get rich giving it away, but you don’t get rich saving it either. I then learned the second piece of the puzzle, which is what you do with your spare cash…
We were on a plane to Italy on our honeymoon when I bought an audio book called Rich Dad Poor Dad (buy it and read it now if you haven’t) that would change the way I thought about making money. Suddenly the saying clicked – You don’t get rich giving it away, but you do get rich investing it.
Over the next few years I researched as much as I could about growing wealth the right way. What I learned was 2 things – Firstly, it can be done as long as you have patience and dedication and second – there’s as much misinformation out there as there is legit. So I started cheapskateinvesting.com, a website dedicated to documenting my journey to financial freedom and to share with you all of the best tips and tricks I found / am finding along the way.
I believe that there is a real way to financial freedom; saving more, earning more and investing the difference. I also think that it shouldn’t cost you the earth to do it! Cheapskate investing is a site dedicated not only to growing wealth, but ensuring that the money you do make stays in your pocket. Historically, investing was reserved for the wealthy elite, for people who could afford for someone to manage it for them. But with the introduction of fee free trading platforms (such as Trading 212), building an investment portfolio is more accessible than ever and we’re here to help you find the best way to do it.
So join us on this financial journey, get off that hamster wheel today and get comfortable with being a cheapskate!
P.S. – If you want to know exactly what we invest in, sign up for our newsletter below and receive our portfolio breakdown straight to your inbox!