Mar 2 2020 - Paul McCartney Spotted in second class on train

Are there really celebrities who don't spend their money buying dozens of racing cars and other luxury items.  There are lots of sites, such as moneycrashers.com that make these claims about popular stars.  Here are a few:  Kristen Bell As the lead character for Disney’s biggest animated movie all time, “Frozen,” Kristen Bell is sitting pretty as far as picking her next projects. And with an estimated net worth of $16 million, she could wear anything she wants on the red carpet. But Bell is known for her frugal sartorial choices, even rocking a $45 dress from Target at one event. Leonardo DiCaprio You’d expect a millionaire playboy like Leonardo DiCaprio to own the latest and greatest sports cars, but despite his vast $200 million fortune, the actor only has one vehicle: a Toyota Prius. He’s also known for eschewing private jets, choosing to fly commercial instead to both save money and protect the environment from unnecessary emissions. His main pursuit is charitable giving, as he supports a number of environmentalist causes. Paul McCartney As one of the most famous rock stars of all time, Paul McCartney – and his huge net worth of $800 million – stays pretty humble. He’s known for his frugal ways, including making his daughter, Stella, pay her own way for post-secondary school, and even asking guests to pay for their own drinks at a party. For Paul McCarney, there are further reports that these  stories spread by Dave Gilmour of Pink Floyd and by his own daughter.  And then in March 2018, this headline hit the Dailymail.com, That must have been fun to experience and report.   EXCLUSIVE - He's got a cheap ticket to ride! Frugal Paul McCartney stuns rail commuters by sitting in SECOND CLASS despite being worth $1billion Beatles legend Sir Paul McCartney was spotted sitting in second class on a train The 75-year-old is one of the world's biggest stars with a £780 million fortune He sat deep in thought - and almost unnoticed on the train from London Stunned commuter Oliver Wong was delighted to see the down-to-earth icon  Today we have a collage of abstract images.

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On Being Cheap

I was in Harvest Barn yesterday - it is a local produce and bakery store in St. Catharines (like the old days of grocery stores in yesterday's daily post).  The cashier asked the lady ahead of me if she wanted to buy a carry bag ($.05) or use one of the small meat/freezer bags as they were free.  The lady had only 2 pounds of butter, and she wanted a bag because the butter was cold.  She accepted the little bag over the bag that cost the five cents.  Then the cashier told me how she uses these little freezer bag for all kinds of things.  And concluded with:  "I'm cheap". So I wondered what "cheap" is and how do we recognize it.  Here are 5 major differences between cheap and frugal from money.usnews.com 1. Cheap and frugal people both love to save money, but frugal people will not do so at the expense of others. 2. Frugality is about assessing the bigger picture and having the patience to cash in on the simple savings strategies. 3. Cheapness uses price as a bottom line; frugality uses value as a bottom line. 4. Cheap people are driven by saving money regardless of the cost; frugal people are driven by maximizing total value, including the value of their time. 5. Being cheap is about spending less; being frugal is about prioritizing your spending so that you can have more of the things you really care about. When I read the full article, I was a bit discouraged.  It points to a lot of rationalization by the 'frugal' author for choosing where and how to spend money:  a lot of one's internal conversations are taken up with mundane decisions.  It is a start, though, and helps to understand this significant topic. And a search for the country with the reputation for being cheap?  Two countries show up: Holland and Scotland!