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GUERRILLA WARFARE: YOU VERSUS YOUR PORTFOLIO

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BUYING AT THRIFT STORES

I have read in numerous places that a good idea to help save money is to purchase your clothes at thrift stores. I don’t agree with this. Pur- chasing someone else’s castaways may be cheaper, but that doesn’t mean you should do it. If shopping at thrift stores is something you enjoy, then by all means, continue. But if it isn’t, then don’t force yourself to do something you don’t want to. It’s hard enough to make yourself save, without the added pressure of feeling like you need to start shopping at places you normally would avoid, like buying your clothes at thrift stores.

Don’t be afraid to pay a lot of money for quality goods. If you truly can’t afford the designer dress that you want, don’t buy it. Find something similar that is less expensive. Another good place to look is at outlet malls. If Ralph Lauren is your favorite designer and you feel you just can’t live without his clothes, find the nearest outlet store to you and go there. The prices will be lower than in regular department stores or boutiques.

This applies to housewares, luggage, and all kinds of other goods. Outlet stores don’t just exist for clothes. Plus, you can com- pare how much you are spending at the outlet stores with how much you would normally pay because the store prints the savings right on the price tags.

POSITIVE WAYS TO SAVE

The trick to saving is knowing how and making it a habit. There are a number of different ways to save money to help you become wealthy. All you need to do is make sure that saving money becomes a priority for you.

Systematic Savings I touched on this earlier in the chapter. By saving a set amount on a reg- ular basis, you are more likely to continue saving. Follow the mantra, “Pay yourself first,” and you will come out ahead in the long run. (See Table 3.2.) This includes any retirement accounts you have, including your employer-sponsored retirement plan. A good way to make sure

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