Money Girl Counterintuitive Money Advice–Nine Surprising Tips That Build Wealth (Reissue)
Dec 31, 2025
Discover nine surprising tips for wealth building that challenge conventional wisdom. Extreme frugality might hurt you in the long run, while spending more on durable items can save money over time. Learn how to protect yourself with affordable insurance and why investing during downturns can be advantageous. A lower salary might even provide unexpected wealth-building opportunities. Renting can outperform buying in certain cases, and small savings can lead to significant gains. Plus, lazy investing often beats active trading!
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Don't Let Frugality Backfire
- Avoid extreme frugality that sacrifices health, maintenance, or time value.
- Calculate your after-tax hourly rate and stop spending hours to save trivial amounts.
Spend More Upfront To Save Later
- Buy higher-quality or energy-efficient items when long-term savings outweigh upfront cost.
- Consider total lifecycle and unit cost before choosing cheaper, short-lived alternatives.
Insurance Can Prevent Financial Ruin
- Purchase affordable insurance to protect against catastrophic losses and liability.
- Shop term life, travel, renter's, and umbrella policies for high coverage at low cost.