Retire Years Earlier with 1 Easy Tip

August 20, 2007 by MoreMerchant
Filed under: Get Rich, Save Money 

My friend over at mynewchoice has tagged me with the question If you can give one advice, tip, or story related to money, what would you share?
Make Money Through Affiliate Marketing This comes from the My One Money Advice meme.

For me this is a no-brainer, If you can’t pay cash for what you want you don’t deserve it. Seriously take this down. Memorize it and live it. This will save you thousands if not hundreds of thousands in your life. Could you not use an extra $100,000? I know I can. You are throwing away money on interest if you buy everything that you want and can’t pay off the credit card bill when it comes.

You need to play it safe in life here. Why throw away money? Why make the banks richer with your hard earned money? If you want something then it is worth saving for. When you have saved enough for it and you still want it, then it may be a good purchase.

You will not only save money in interest but you will save a lot of money on things you decide later aren’t what you really want. This tip alone could let you retire many years earlier.

I know pass this question on to Laura from savingexplained.com and Dave from Findingroy.com. Here is The Question: If you can give one advice, tip, or story related to money, what would you share?

Additional Tips

Others that have participated in this meme have included some outstanding tips. Here are a few of the tips and advice that have been shared:

If I didn’t tag you, please still give your tips, we would love to hear them.

Comments

15 Responses to “Retire Years Earlier with 1 Easy Tip”

  1. My One Money Advice (MOMA Meme) | Moolanomy on August 20th, 2007 12:56 pm

    [...] More Merchant.com said, “if you can’t pay cash for what you want you don’t deserve it“ [...]

  2. Pinyo on August 20th, 2007 1:03 pm

    Thank you for participating in MOMA meme. This advice flow perfectly with my theory of pay off all credit card debts in full every month. I have CCs for over 15 years and never once owe a balance. Basically, I am too cheap to pay the fee.

  3. If you can give one advice, tip, or story related to money, what would you share? : Saving Explained on August 20th, 2007 1:16 pm

    [...] More Merchant said, If you can’t pay cash for what you want you don’t deserve it [...]

  4.   Save Money, DIY! — findingroy.com on August 20th, 2007 7:38 pm

    [...] As luck would have it, I’ve been tagged by Jake over at More Merchant to answer the question: “If you can give one advice, tip, or story related to money, what would you share?” [...]

  5. A Personal Finance and Investing Blog - FinancialDominance.com on August 20th, 2007 7:42 pm

    [...] More Merchant.com said, “if you can’t pay cash for what you want you don’t deserve it“ [...]

  6. List Of The Best Financial Advice » My New Choice on August 20th, 2007 7:43 pm

    [...] More Merchant said, if you can’t pay cash for what you want you don’t deserve it [...]

  7. My New Choice on August 20th, 2007 7:44 pm

    Thanks for continuing the meme, I’ve updated my list to include your tip. BTW, you didn’t include my tip in the list of additional tips. :(

  8. Save Money -MoreMerchant on August 20th, 2007 7:49 pm

    Sorry about that and it is now fixed.

  9. My New Choice on August 20th, 2007 8:55 pm

    Thanks Jake!

  10. What Everybody Ought to Know About Blogging - 97 Blog Tips on August 23rd, 2007 5:48 am

    [...] Retire Years Earlier with 1 Easy Tip by Jake - MoreMerchant [...]

  11. My One Money Advice - FinancialDominance.com on August 23rd, 2007 11:02 am

    [...] More Merchant.com said, “if you can’t pay cash for what you want you don’t deserve it“ [...]

  12. Investments & Loans » Blog Archive » Retire Early With One Easy Tip on August 23rd, 2007 4:29 pm

    [...] was very intrigued when I saw the title for a post called Retire Early With One Easy Tip. What is that one tip that will let me retire early, I cynically [...]

  13. Moolanomy weekly roundup #5: “My One Money Advice” edition | Moolanomy on August 26th, 2007 6:34 am

    [...] More Merchant.com said, “if you can’t pay cash for what you want you don’t deserve it“ [...]

  14. Moolanomy weekly roundup #5: “My One Money Advice” edition | Moolanomy on October 15th, 2007 4:40 am

    [...] More Merchant.com said, “if you can’t pay cash for what you want you don’t deserve it“ [...]

  15. Who’s Linking to Adventures in Debt? at Adventures in Debt on October 28th, 2007 6:52 am

    [...] Retire Years Earlier with 1 Easy Tip - More Merchant’s contribution to the My One Money Advice meme. [...]

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