I love listening to NPR; I never listened to public radio before I moved out here, but now I listen to it all the time. And one of my favorite shows is All Things Considered, a fantastic show that takes an interesting perspective to a wide variety of topics. The other day they had an incredible story about a homeless man in Phoenix named Richard Walters.

Mr. Walters was a former engineer who, once he retired, left the world of material possessions; no car, no home, just a few sets of clothes. But apparently he remained active in the stock market, and when he died, he had amassed a fortune – $4 million. When he died, he donated several hundred thousand dollars to NPR and a few other non-profits, while also giving a sum of money to a nurse who he had developed a friendship with over the years. He was able to be the philanthropist he was because of the extreme frugality he practiced (to the point of homelessness!). I think it’s an interesting story; quite a life change to go from a successful engineer to homeless retiree voluntarily.

– Michael

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

Click Here to Download
DINK's Free
Budget Template
Click Here to Download
DINK's Free
Net Worth Template

Couples Finance

Websites You Should Read

Companies Supporting The DINKS

Please consider visiting our gracious supporters:

Get an education with the Online Certificate Programs at Washington Tech