Want to guess how much time Mr. Frugalwoods and I spend “managing our money” every month? A whopping 30 minutes.
Yes, we are quintessential frugal weirdos and yes, we save over 70% of our income, and yes, we plan to quit our jobs at 33, and yes, we write this “personal finance” blog. But no, we don’t obsess over our finances. Why? There’s nothing to gain by micromanaging our money. Money is happiest as a loner. It wants to be left alone, with other money, to do its interest-earning thing. The less we mess with our money, the more of it we have.
Folks often assume we employ a ton of time and energy managing our financial empire (hah), but part of the secret to our success is that we don’t. I think it would drive us nuts to constantly think about our accounts and fret over our funds.
Continue reading Why We Don’t Micromanage Our Money at Frugalwoods.