Frugal Lessons From The Past: Soar Away From the Vise

History can provide some of the best lessons to help us figure out solutions to today’s problems.

Concerning finances, thrift, frugality and simple living there are tried and true bedrock principals that we should never forget.

This post is part of a series that focuses on some of those principals by going to source materials for inspiration.

The following passage comes from a beat up little 46 page booklet I rescued out of a dumpster years ago. It is entitled “Homesteading Your Way to Health and Happiness” by Fred Moller, Jr. In it he describes how he and his wife Cheddy came to the decision to try homesteading and he gives readers tips and pointers if they decide they want to try it, too. At the end of the book is a section called “Our Secrets.”

“Cheddy and I have a real aversion to charging things. That is to buying things today and putting off the paying until tomorrow. That’s the way Uncle Sam does things as do those who are famous for their economic savvy. You see how much trouble Uncle is in just in terms of Federal Deficit. We don’t make much money by today’s standards. However we make a little more than we need. That is our biggest secret!

You can accomplish this same situation by not “biting off a bigger chunk than you can chew.” Be willing to relocate, if necessary, to get land at a reasonable price. Remember that its price is based only on the laws of supply and demand. If money is short, go where not many people want to live but for a reason that you don’t find objectionable.

Try really hard to get rid of all the mortgages soon! Even if you have an early pay penalty on a mortgage, pay it as soon as possible and forget what it means to have that anchor tied around your neck. Buy a small place, put up conservative shelter, pay it off and SOAR! Now you have extra money in your jeans.

You have the freedom to launch any career that you crave because you are no longer in the VISE.”

A smaller modest place also means minimum property tax. It all goes together and compounds (banker language) to enlarge your free time.”

Related Reading:

Frugal Lessons From The Past: The Art of Gardening

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