My One Money Advice

The Digerati Life has tagged me to give my one piece of money advice. The meme was started by Moolanomy. He's already had the popular suggestion of "spend less then you earn." While that may be one of the best pieces of advice, I prefer to give some new or at least different advice. For No Credit Needed's Best Money Saving Tips, a previous meme, I suggested that you "pay yourself first". I'm not going to use either. I'm going to tap into one of my many sayings on the site. That advice is to simply, "save your pennies, while you strive to make more pennies." It's very close to "spend less than you earn", but it focuses more on making money, something that often gets overlooked.

Instead of tagging other people and collect likely inbound links from them, I'm going to end this branch here. When you think about it one person tagging another 3 or 4 has a multi-level nature to it. Since we know that these multi-level nature things eventually leave the person on the end without anyone to pass the baton to, I will fall on the sword and be that end. Or perhaps I'm just too Lazy to tag people... umm yeah it's probably the later...

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Deep Thoughts

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Posted by Lazy Man on August 25, 2007

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Related posts:

1. Travel Computer Project: I Need Your Advice
2. Advice for New Personal Finance Bloggers
3. Happiness (and Money)

8 Responses to “My One Money Advice”

1. The Digerati Life says:

   August 25, 2007 at 7:17 pm

   I like how you gracefully bowed out of spreading this multi-level meme. :)
2. Lazy Man says:

   August 25, 2007 at 7:35 pm

   Being Lazy has it’s advantages…
3. Pinyo says:

   August 27, 2007 at 7:11 am

   Lazy, thanks for the excellent MOMA advice. But, multi-level? You make me feel so Amway-ish. :-)
4. My One Money Advice (MOMA Meme) | Moolanomy says:

   August 30, 2007 at 9:39 am

   [...] Lazy Man and Money said, “save your pennies, while you strive to make more pennies“ [...]
5. Adam says:

   September 2, 2007 at 2:17 pm

   I believe you mean “spend less than you earn”, not “save less than you earn”.
6. Lazy Man says:

   September 2, 2007 at 7:20 pm

   Thanks Adam. I’ve fixed it.
7. JadeEJF says:

   September 5, 2007 at 9:06 am

   Someone should write a list of tips for losing money ;) That might be more helpful! Something like this article: http://www.nuwireinvestor.com/articles/top-10-ways-to-lose-money-in-real-estate-51225.aspx , but less focused on real estate! You could start your own meme! And force it to branch out to the masses!
8. My One Money Advice - FinancialDominance.com says:

   September 5, 2007 at 7:33 pm

   [...] Lazy Man and Money said, “save your pennies, while you strive to make more pennies“ [...]