• Living Well on Practically Nothing

    Email Print
    Share

    Tired
    of being one of the rats in the rat race? Are you trying to take
    a different path than mindless consumerism and debt? Author Edward
    Romney has some excellent techniques on how to achieve independence
    on an ordinary income.

    Living
    Well on Practically Nothing
    is radically different than
    most financial and self-help books, newsletters or infomercials.
    No get-rich-quick fantasies, Texas-sized “guru” egos, or risky speculations
    using OPM (other people’s money, or borrowing) are promoted or suggested.

    As
    might be expected from someone who grew up in Depression-era New
    Hampshire, Romney is full of old-time Yankee common sense, thrift
    and wisdom. While that doesn’t sound like the basis for an interesting
    21st century book, the utter scarcity of those traits in modern
    society makes Romney’s advice and observations leap off the page
    and into the reader’s mind.

    Buy
    a modest, affordable house (sometimes for $50,000 or less) in an
    age of “bigger is better” and a monstrous real estate bubble? It
    can still be done in a number of states. Living on a boat in coastal
    areas or an old school bus in the desert southwest are other ways
    to survive on a minimum amount of cash.

    What
    kind of person would drive a 10-year old car when they can get a
    no-money-down payment plan from just about any car dealer? Why spend
    big bucks for designer clothes when the same items are available
    for a dollar or two at thrift shops? If this makes sense to you,
    then Living Well on Practically Nothing will be one book
    that will be read and re-examined many times.

    As
    Romney points out in his wise old uncle/curmudgeonly style, following
    the herd only leads to debt slavery and a gnawing dissatisfaction
    with life. Those who manage to spend less than they earn can build
    a nest egg that will allow them to snap up good deals for cash and
    even have the resources to go into business without borrowing. For
    those who are understandably leery of having large amounts of depreciating
    Federal Reserve notes on hand, keep in mind that surplus cash can
    always be converted to gold and silver.

    The
    author’s son is one example of how following such basic, time-tested
    methods can lead to true financial security. The younger Romney
    began a used pallet business with just $2000, and it has become
    a thriving enterprise with annual gross revenues of $1.5 million.
    Many part-time ventures can be started with small amounts of capital,
    and they can provide the independent minded with a starting point
    for leaving the wage labor world.

    While
    some of Romney’s suggestions are admittedly offbeat and not practical
    for most folks, the book is a very solid piece of outside-the-box
    thinking and sensible counsel. Living Well on Practically Nothing
    is published by Paladin Press, an excellent source for dozens of
    nonconformist books.

    July
    9, 2005

    Al
    Doyle [send him mail]
    has worked as a newspaper reporter, magazine staff writer and freelancer
    since 1983. He won’t allow his children to attend government schools.

    Email Print
    Share