Comments on: Living on $10k a Year http://tightfistedmiser.com/2009/02/23/living-on-10k-a-year/ Extreme Frugality - How to Live Well on Very Little Tue, 22 May 2012 10:42:25 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Andy Hough http://tightfistedmiser.com/2009/02/23/living-on-10k-a-year/comment-page-1/#comment-27376 Andy Hough Wed, 04 Mar 2009 14:41:04 +0000 http://tightfistedmiser.com/?p=916#comment-27376 Eastern Europe was a suggestion of one of the commenters. I would more likely live in Mexico or Central America. This would allow me to easily come back to see friends and family. Even living here in the U.S. since I don't live in the same area as my family I don't see them too often. Wherever I move I plan on meeting people and making new friends and the Internet will make it simple to keep in touch with current friends. Also I hope that a significant other or a friend will travel with me. I think I would be living my life even better in a foreign country. Eastern Europe was a suggestion of one of the commenters. I would more likely live in Mexico or Central America. This would allow me to easily come back to see friends and family. Even living here in the U.S. since I don’t live in the same area as my family I don’t see them too often. Wherever I move I plan on meeting people and making new friends and the Internet will make it simple to keep in touch with current friends. Also I hope that a significant other or a friend will travel with me. I think I would be living my life even better in a foreign country.

]]> By: LSb http://tightfistedmiser.com/2009/02/23/living-on-10k-a-year/comment-page-1/#comment-27357 LSb Wed, 04 Mar 2009 05:08:16 +0000 http://tightfistedmiser.com/?p=916#comment-27357 But why leave all of your friends and family and move to the middle of nowhere in Eastern Europe just to live cheaply? At some point, you have to figure that living your life is worth making a little extra money. But why leave all of your friends and family and move to the middle of nowhere in Eastern Europe just to live cheaply? At some point, you have to figure that living your life is worth making a little extra money.

]]> By: Increase eHow Income with Referral Links | The Smart Passive Income Blog http://tightfistedmiser.com/2009/02/23/living-on-10k-a-year/comment-page-1/#comment-27311 Increase eHow Income with Referral Links | The Smart Passive Income Blog Tue, 03 Mar 2009 08:05:16 +0000 http://tightfistedmiser.com/?p=916#comment-27311 [...] It seems obvious to me now that including referral or affilliate links in your eHow articles, where appropriate, is a good way to increase your earnings but it wasn’t really something I thought about when writing my articles.  I still have a lot to learn about eHow and it is encouraging to see that even while I’m learning and improving I’m already receiving a decent return on my time invested. Great advice. I’m also very interested in Andy’s article about Living on $10k a Year! [...] [...] It seems obvious to me now that including referral or affilliate links in your eHow articles, where appropriate, is a good way to increase your earnings but it wasn’t really something I thought about when writing my articles.  I still have a lot to learn about eHow and it is encouraging to see that even while I’m learning and improving I’m already receiving a decent return on my time invested. Great advice. I’m also very interested in Andy’s article about Living on $10k a Year! [...]

]]> By: » February Link Love # The Shark Investor http://tightfistedmiser.com/2009/02/23/living-on-10k-a-year/comment-page-1/#comment-27278 » February Link Love # The Shark Investor Mon, 02 Mar 2009 18:32:31 +0000 http://tightfistedmiser.com/?p=916#comment-27278 [...] at Tight Fisted Miser plans to live on $10k a year. I can do it here (Bulgaria, East Europe), but what about you in your [...] [...] at Tight Fisted Miser plans to live on $10k a year. I can do it here (Bulgaria, East Europe), but what about you in your [...]

]]> By: Dividend Growth Investor http://tightfistedmiser.com/2009/02/23/living-on-10k-a-year/comment-page-1/#comment-27194 Dividend Growth Investor Sat, 28 Feb 2009 15:56:27 +0000 http://tightfistedmiser.com/?p=916#comment-27194 Andy, Actually you said it all - buying straight from the company requires a tedious record keeping if you plan on holding shares in more than one company. The price that you get with most companies direct investment plans is not the market rate, so theoretically you could end up paying more. Zecco is pretty decent if you have the $25K. It's commissions are 4.50/trade but get to enjoy real time market/limit orders. Zecco does offer automatic reinvestment, but you can only buy full shares. Sharebuilder is great as you could simply buy partial shares for a set dollar amount and it would reinvest forever. The lowest commission to buy is $4 to buy a stock at an unknown price on Tuesdays, which is an opportunity for a rip off. :-) Andy,

Actually you said it all – buying straight from the company requires a tedious record keeping if you plan on holding shares in more than one company. The price that you get with most companies direct investment plans is not the market rate, so theoretically you could end up paying more.

Zecco is pretty decent if you have the $25K. It’s commissions are 4.50/trade but get to enjoy real time market/limit orders. Zecco does offer automatic reinvestment, but you can only buy full shares.

Sharebuilder is great as you could simply buy partial shares for a set dollar amount and it would reinvest forever. The lowest commission to buy is $4 to buy a stock at an unknown price on Tuesdays, which is an opportunity for a rip off. :-)

]]> By: Andy Hough http://tightfistedmiser.com/2009/02/23/living-on-10k-a-year/comment-page-1/#comment-27146 Andy Hough Fri, 27 Feb 2009 15:05:31 +0000 http://tightfistedmiser.com/?p=916#comment-27146 Buying straight from the company can save you money but not all companies offer direct purchase plans. It also makes your record keeping more difficult having different accounts for every stock. I know there are some other low cost alternatives to Sharebuilder. Whether they'll work for you depends on how much you're investing. I currently use Zecco but since they are raising their account balance requirement for free trades to $25,000 they are no longer a good choice for the small investor. You might check out Dividend Growth Investor's website and see if he has some information on this. Buying straight from the company can save you money but not all companies offer direct purchase plans. It also makes your record keeping more difficult having different accounts for every stock. I know there are some other low cost alternatives to Sharebuilder. Whether they’ll work for you depends on how much you’re investing. I currently use Zecco but since they are raising their account balance requirement for free trades to $25,000 they are no longer a good choice for the small investor. You might check out Dividend Growth Investor’s website and see if he has some information on this.

]]> By: Kami http://tightfistedmiser.com/2009/02/23/living-on-10k-a-year/comment-page-1/#comment-27128 Kami Fri, 27 Feb 2009 03:31:04 +0000 http://tightfistedmiser.com/?p=916#comment-27128 Is buying dividend paying stocks straight from the company a solid idea? I currently use Sharebuilder and I am not happy with the monthly fee. Is buying dividend paying stocks straight from the company a solid idea? I currently use Sharebuilder and I am not happy with the monthly fee.

]]> By: Andy Hough http://tightfistedmiser.com/2009/02/23/living-on-10k-a-year/comment-page-1/#comment-27109 Andy Hough Thu, 26 Feb 2009 21:53:17 +0000 http://tightfistedmiser.com/?p=916#comment-27109 DGI- I've never been to Eastern Europe but I would like to visit a lot of places once I'm semi-retired. If you avoid the tourist areas traveling becomes much more affordable. Thanks for giving Kami a better answer also. DGI- I’ve never been to Eastern Europe but I would like to visit a lot of places once I’m semi-retired. If you avoid the tourist areas traveling becomes much more affordable. Thanks for giving Kami a better answer also.

]]> By: Dividend Growth Investor http://tightfistedmiser.com/2009/02/23/living-on-10k-a-year/comment-page-1/#comment-27089 Dividend Growth Investor Thu, 26 Feb 2009 11:45:31 +0000 http://tightfistedmiser.com/?p=916#comment-27089 TFM, In most eastern european countries nowadays you could live pretty comfortably with less than $1000/month. If you are willing to live in the country instead of the main cities, you might also be able to live on much less than that. Of course you might have to learn the local languages otherwise you might get ripped off in everyday life ( oh he is an american, let's charge him extra :-) ) Kami, Assuming that you earn a 5% dividend yield on your cost of shares, and you could live with $10K/year, a $200K initial investment will be necessary. If you could postpone needing the $10K in say 12 years instead of now, and pick up shares with average dividend growth of 6% annually, you would only need to invest $50,000 in stocks yielding close to 5% on average. TFM,

In most eastern european countries nowadays you could live pretty comfortably with less than $1000/month. If you are willing to live in the country instead of the main cities, you might also be able to live on much less than that. Of course you might have to learn the local languages otherwise you might get ripped off in everyday life ( oh he is an american, let’s charge him extra :-) )

Kami,

Assuming that you earn a 5% dividend yield on your cost of shares, and you could live with $10K/year, a $200K initial investment will be necessary. If you could postpone needing the $10K in say 12 years instead of now, and pick up shares with average dividend growth of 6% annually, you would only need to invest $50,000 in stocks yielding close to 5% on average.

]]> By: Jodapoet http://tightfistedmiser.com/2009/02/23/living-on-10k-a-year/comment-page-1/#comment-27060 Jodapoet Wed, 25 Feb 2009 19:31:41 +0000 http://tightfistedmiser.com/?p=916#comment-27060 Take it from someone who knows, it can be done. Of course you have to curb the unnecessary spending but it is doable. Take it from someone who knows, it can be done. Of course you have to curb the unnecessary spending but it is doable.

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