Get the first tool we used that helped us pay off $51,000 of debt in less than 3 years.

Money Masters: Living Rich Cheaply

  September 19, 2014  |    #Eliminate Debt

Our Money Master this week is Andrew from Living Rich Cheaply. Andrew’s blog is particularly interesting to us because he write from and often about living in New York City, one of our most favorite places and one of the most expensive places in the world. Andrew advises his readers how to live well while not throwing their financial life away, including in NYC.

Andrew’s recent posts, “Financial Decisions: Emotions vs Logic” is one of our favorites. Often personal money management is learning how to live life on an emotional seesaw. This post discusses major financial decisions and how to think through them logically.

1. What’s your story?

The details of my story are quite inconsequential compared to those with stories of conquering thousands of dollars of debt or those who have transformed from a spendthrift person to a frugal person after having an epiphany. I’ve been pretty frugal my entire life. The reason for my frugality is probably because it has been ingrained in my mind early in life. I was born into a working-class immigrant family in New York City. I had all the necessities in life like food on the table and a bed to sleep in (no, cable t.v and trendy clothes are not necessities). My parents taught me the value of a dollar and I learned not to spend my money frivolously.

2. What’s your point of view, as a personal finance blogger?

When I started my blog, I was entering an exciting, yet nerve wracking chapter in my life: my wife was pregnant with our first child. We live in NYC and raising a family in such an expensive area seemed like a daunting task.

When I first started blogging, I wanted to share tips on how to optimize spending and methods to save money by writing “how to” type posts. While the strategies are useful and I still like to share them, I came to the realization that often time, personal finance is less about the math, and more about inspiring others to make a change for the better in their finances.

For many people, being frugal means sacrificing and depriving yourself. I think I probably felt that way as well, but reading various personal finance blogs opened my eyes and changed my perspective. It wasn’t from a blog showing me the numbers, but from a blog showing me that you can live a rich life without always keeping up with the Joneses, that I came to the realization that I can live a rich life, “cheaply.” You just have to have a proper definition of “rich.”

3. In one sentence, what’s one piece of sage advice from your personal finance background that you’d like to share with our readers?

Some of the best things in life are free.

I know it sounds kind of cheesy, but it really is true. Think of the things that you care about most, i.e spending time with loved ones. Most of the things that make us happy don’t cost a lot. Remember that the next time you’re trying to keep up with the Joneses.

Be sure to check out to learn what Andrew can teach you. Be sure to also sign up for Andrew’s RSS feed so you don’t miss a post.

2 responses to “Money Masters: Living Rich Cheaply

Leave a Reply

Your email address will not be published. Required fields are marked *