I have to give credit where credit is due. I just finished reading Trent Hamm’s (TheSimpleDollar.com) “Everything You Ever Really Needed to Know About Personal Finance On Just One Page,” and it was excellent – ironically, it’s 49 pages long. To be fair, page one is an executive summary of the remaining 48 pages and a reader will get a lot from this one page alone.
As I read the content, I could see a lot a similarities between what Trent talks about on his site, and what I talk about on mine. The core philosophies were in alignment, but we probably differ a little on just how far to take frugality. I’m more on the “lite” side, meaning personal spending control is important, but I’m more interested in cost saving/wealth-building philosophies that automate themselves or involve smarter consumption (see my article on cheap printer ink – same ink, just 75% less).
Trent is focused on a frugal lifestyle and I can see that his philosophy gets into the soul of the user of the strategy, incorporating it as a battle cry of sorts. I found his opening section, Spend Less Than You Earn, a lesson that we can all embrace. There is no way to spend more than you earn and have money at the end of your career – the math simply does not work.
Three other sections: Live Frugal, Earn More, Manage Money and Control Your Destiny each were also a good read, but did not speak to me as much as the first.
Everything You Ever Really Needed to Know About Personal Finance On Just One Page, is a free publication from Trent Hamm and can be accessed here. I highly recommend it.