Basic Income – or what to do if money is no object

What would you do if money was no object?

I think, at its core, that is the question being asked in a lot of financial independence spheres. If you could do anything in the world or if it was impossible to fail, what would you do?

As the world becomes more automated and machines are able to do more and more jobs, what will humans do? I, for one, hope that we will eventually see a rise of universal basic income. I hope, but I dare not hope at the same time. Politicians at large are not exactly known to be a very progressive breed.  Read More

The concept of “enough”

As we often do in the Frugasaurus household, we were sending a couple of house ads back and forth in equal parts amusement and figuring out what we want, and don’t want.

Far over on the joking side of things, Mr. E. sent me an ad for a house where the asking price was 10 million NOK, or well over $1 million. We looked at it, laughed at it, and generally agreed that if we were to spend over $1 million on a home, it would not be for such a luxurious house.

I then sent it to a good friend who has recently bought a home of their own for only a piece of the asking price for this luxury villa.

Se looked at it, as she is wont to do, and then simply replied “that’s all well and good, but it doesn’t give me anything my current house does not already give me.”  Read More

An open letter to M

Or ponderings on priorities and quality of life.

I have been going back and forth on this post. After all, this has all to do with quality of life, not just when you reach a large goal such as financial independence, but also to enjoy the journey while you are on your way there.

The Mad Fientist has mentioned on his podcast several times about the time he got so hyperfocused on reaching financial independence that he forgot everything else. He over-optimised, refused to spend money on going out with friends, and generally made himself and those around him miserable.

That is not what I want Mr. E. and myself to go through while we are trying to free ourselves from employer dependency. We are more interested in the joyful frugality so happily touted by the Frugalwoods, but how exactly do we find that balance?  Read More

The one reason to act on climate change – no matter your beliefs

Ho boy. I have been thinking about this post for weeks now. Making figures, thinking about argument structure. Trying to ensure I’m avoiding any logical fallacies.

It’s not that I am never concerned about that at all in any of the other posts, but having environmental science as my field of study does often put me in the thick of it. Suffice to say that I have had a lot of time to think about these things in general for the past 5 years and more.

Before we dive right in, let’s do a little terminology update. At least in my neck of the woods, there is a lot less talk about global warming these days. That is because there has been a consensus among a lot of scientists to make a switch to the words climate change. It covers a larger range of effects, and is not as prone to ridicule with pointless statements such as “But it snowed in New York this winter!”.

That little detail aside, let’s dig right in.  Read More

Truffels and delayed gratification

Delayed gratification is a very important skill to nurture if we want to achieve anything worth doing in the long term. If you’ve ever had to save up for something you really wanted, instead of blowing hard earned cents or a small allowance as a child, you’ll know what I mean.

As adults, it is the thing that makes us save up for a downpayment on a house, instead of borrowing on credit at atrocious rates. It is difficult if you’ve never had to cultivate the skill, but anyone can get better at it through practice and patience.

At the same time, we live in a world of quite the opposite. Instant gratification abounds on nearly every street corner. And it has never been easier to get what you want, when you want (never mind the fine print).
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Reach FI faster with this one, simple trick!

Sorry for the clickbaity title guys. You know there’s no free lunch, right?

None the less, I think there is a lot of value to be had in practising appreciation and gratitude. It can teach us humility and compassion, all good skills when it comes to dealing with other people.

It has been shown several times how seemingly simple gratitude can increase our happiness multiple times, even if nothing else changes in our life. So here’s to practising it.  Read More

That time I had the privilege of writing a story

In the personal finance sphere, there is a lot of talk about getting a second job or getting your hustle on or just doing x, y or z to pull yourself up by your bootstraps.

That is all well and good, I suppose, if you have a job already paying the bills, significant savings, a spouse or parents who are able to support you, or any other sort of safety new to take your mind off the impending doom of feeling like you don’t have enough.

I admire those who have been able to start something new and turn it around when they lose their job. At the same time, I knew I would not be able to do that. At least not where I was a few years ago.  Read More

Optimising your hobbies

We do enjoy a hobby or two here at Frugasaurus central. The winter in particular is a popular season for the more indoor oriented ones, like sewing, crocheting and weaving.

However, there is a prevalent attitude about hobbies, and that is often that they should cost money. Lots of money. The better you get at whatever you do, the better equipment you want/need.

The gamer wants a better computer, the skier wants better skis, the cook wants better tools and the knitter wants more, always more yarn.

In the spirit of Uber Frugal Month over at Frugalwoods, I encourage you to kick that attitude in the curb. If you’re feeling that hobby optimisation creep starting to take over, take a step back, and ask yourself why you started in the first place.  Read More

You will get good at anything you spend time on

And once I realised and internalised that, my world changed.

I’ll let you in on a little secret, I used to be a World of Warcraft gamer. I started in high school and kept it up on and off through university and graduate school. Whenever times got tough and depression showed its face, I turned to WoW like a clockwork addict.

Then one day, I had this epiphany. It will seem ridiculous to anyone who has always considered it obvious, but it was revolutionary to me.  Read More

Use it up, wear it out, make it do or do without – Frugal inspiration from WWII

Frugality has deep roots, especially in times of scarcity. People have a way of finding ingenious ways to stretch their budget, pantry and wardrobe.

After a friend of mine attended a WWII LARP (Live-action role-play). The tales she had to tell when she came back from what had clearly been an intense even was more than a little inspiring.

WWII hit different people in different ways, but for those who were affected it was pretty clear that the scarcity they endured left lasting impressions which they brought with them for the rest of their lives.  Read More