Getting To Financial Freedom

ABC News reported 10 unconventional money saving tips. So what are they (watch the video for full details)?
1. Focus on getting over the $100,000 hump.
Ok, the idea here is that you will have to save $1 million over the course of your life for retirement. The first $100,000 is the hardest, so you must focus on that huge hurdle.
2. Add back in income taxes when determining costs.
Make spending more painful. Say you spend $2000 for a vacation. If you think about it as having to earn $3000 to spend that $2000, you might be a little more careful with your spending.
3. Use the multiply by 25 rule to determine how much it takes to finance for life each of your spending categories.
say you spent $100/year on books. If you multiply that by 25 and put the $2500 in an account, the interest on that $2500 will fund your purchases in that category for life, so you never have to worry about it again.
4. Translate dollars spent into hours worked
how many hours of your life did you give up to spend what you are spending on whatever?
5. Pursue short-term money saving goals
Sounds a lot like what Dave Ramsey encourages on this one
6.Don't save in pursuit of a general desire to get ahead
save for specific goals
7. Pursue Goals of Intense concern to you and you alone

8.

9.Don't Pay yourself first, pay yourself last
very unique, have to listen to video to hear his explanation on this one
10.


They interviewed Rob Bennett who wrote a book called Passion Savings. I certainly want to check this book out.
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go ahead share your thoughts with me now.
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