Tag

DIY

Early Retirement, Lifestyle

2016 Review; 2017 Plans for The Wealthy Accountant

statistics-706384_960_720Well, the first year is in the books. The Wealthy Accountant came to life on January 15th, 2016 in anticipation of a shout-out by Mr. Money Mustache. The project was on the drawing board for years, however, the workload caused me to drag my feet. But when I start I am all in.

This isn’t the first blog I’ve run, nor is it the only one I write at this time. Running a blog is work and something I held back on because I knew once I started writing this blog it would take over my life. But here I am and I am feeling good.

Other people writing a blog and curious readers are usually interested in statistics. The growth pattern of The Wealthy Accountant is taking a different path from other online venues I used. For example, the website of my tax practice has low traffic and no ad revenue. Just about every visitor of http://taxprepusa.net/ wants to be a client of my firm so we don’t want hundreds of thousands of visitors.

Then there is a content farm I wrote a hundred or so articles for years ago. After Google slapped the funny off the faces of content farm writers I moved my writing elsewhere. Still, HubPages sent me $439.93 in 2016 on 87,719 pageviews. Not bad for not doing a thing on HubPages in five years.


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Frugal Living, Lifestyle

Save 98% on Laundry Costs




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Supplies you will need to make your own laundry detergent.

What people spend on laundry is insane. Today I will show you how to cut your laundry costs to 2 cents per load, plus the cost of the machine (your own or the laundromat). Mixing your own detergent and a clothes drying rack combine to reduce laundry costs so much there is no incentive to reduce it anymore.

Making your own laundry detergent and fabric softener is fun and take only a few minutes. As an added bonus, you feel like a mad scientist as you mix your concoction. The best part is I will talk a whole lot less today as I let the pictures do all the talking for me and any time you can get me to shut up for a day is a good day! (A picture is worth a thousand words so I am technically talking your ear off.)

You will need a few ingredients sometimes hard to find. I have included links to Amazon so you can get to work fast. Amazon prices are pretty good on this stuff. The two hard-to-find items are usually Washing Soda and Fels-Naptha. The rest of the stuff should be available locally.

Here is the mad scientist recipe for laundry detergent:Continue reading

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The Value of Time

IMG_20160813_185658You did everything right: maxed out your retirement accounts, invested in index funds, paid off all debt, saved half your gross income, and did every home project and car repair yourself to save money. If you are like me this describes you to a T. I save a massive amount of my income in tax advantaged retirement plans and stuff non-qualified accounts, too. Very few jobs are off-limits to me. The roof is bad; I go up there and spank on another set of shingles after tearing off the old ones. A bad light switch is an easy fix after a short visit to the hardware store. I clip my own lawn at home and the office; I grow most of the food I consume; I bike to work even though it is a 30 miles round-trip; change the oil in the car; and I have no problem with a paint brush.

Once per month Mrs. Accountant makes a major grocery run. Once per week she picks up milk and a few perishable staples. There are times we make our own bread, but milk needs constant resupply with kiddos in the house. Most items we consume at home or at the office are ordered online. Most of the time the price is cheaper, even with shipping costs added. When you consider the value of time and the cost of driving around town shopping, most online purchases delivered are a bargain.

Things Overheard

Several months ago I overheard Pete Adeney, aka Mr. Money Mustache, say he was toying with the idea of having his groceries delivered. His argument wasContinue reading

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Know When Not To Do It Yourself

I did not have the equipment of expertise to handle a mound system on my own so I called in the troops.

I did not have the equipment or expertise to handle a mound system on my own so I called in the troops.

The DIY movement is alive and well. Taking the bull by the horns and getting a job done can save massive amounts of money. Early retirees get to their exalted status because they kept costs low. Frugal people are drawn to DIY projects like flies to honey. With so many people undertaking projects on their own it is time to ask an obvious question: Should you be doing that project on your own.

I have seen some really bad DIY jobs over the years. Buying a large number of rental properties over the years revealed some doozies. Still, I handle a large percentage of jobs around the office, home and farm on my own. There are times I do need to take a knee and bring in somebody with experience.

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