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Monday, May 30, 2011

Money Secrets of the Amish

According to www.economywatch.com, the total amount of consumer debt in the US was nearly $2.4 trillion in 2010. (That’s $7,800 debt per person.) 

Other sources say 98% of that debt is credit card debt. Over 70% of Americans are using credit cards to meet their needs, yet there is one community of Americans who seem completely untouched by the current recession.   The Amish.

The Amish are literally laughing all the way to the bank.  One Amish resident managed to save over $400,000 while renting a farm and feeding fourteen children.  What do they know that many Americans don’t?
 
Lorilee Craker explores this unusual phenomenon in her book, Money Secrets of the Amish.  Using humor, quick wit and information backed up by her own personal research, Lorilee shares what she learned from the Amish community in regards to financial security. 

Whether you’re broke and going through financial hardship or rolling in money, this book is full of practical wisdom that everyone can learn from.

While I won’t implement every single suggestion in this book (I draw the line at buying second hand underwear!), I did feel motivated to try harder at pinching my pennies when I read the tried and true proven results people are getting from simple lifestyle changes. One big difference between most Americans and the Amish is their view of credit.  Amish folks avoid credit cards like the plague.  They practice a disciplined lifestyle, determining “needs –vs- wants”  and rather than go into debt to pay their bills, they find extra jobs or find things to sell for cash flow.

For fans of green living, there are interesting ideas and suggestions in this book as well.  I found this book to be informative, interesting and helpful for those who are looking for fresh ways to save money.



This book was provided free for review by BookSneeze

1 comment:

Suzanne said...

And I was going to buy you that underwear at a yard sale last week. LOL