Hey there. Welcome to issue #2 of The Frugal Rich Newsletter. 

My only goal here is to help you build real wealth without sacrificing the things that make life enjoyable. 

In this email, you’ll find: 

But first– 

I first started investing 6 years ago, smack dab in the middle of quarantine. 

I was new to the world of buying index funds, mutual funds, or individual stocks, but I knew that I just needed to get started. 

So even with my limited knowledge, I opened a Roth IRA on Fidelity, and set up an automated transfer to pull $100 from my checking account and into my Roth IRA (on the 1st Monday of every month)

AND THEN, because I wanted the money to actually grow, I set up another automation where I would use that $100 that was transferred to buy a mutual fund. 

I remember the exact fund because Fidelity recommended it to me: FBGRX.

I didn’t know anything at the time about expense ratios and the cost of buying certain funds.

But just STARTING to invest was way better than never starting at all.

Which is why if you—

Every rich person I know has these 3 automations. 

1. Automate your investing. Open a Roth IRA (Fidelity, Vanguard, or Schwab are all great). Set up a recurring transfer — even $50/month — and then set it to automatically buy an index fund. You don't have to think about it again.

2. Automate your savings. Every payday, automatically move a set amount into a High Yield Savings Account (HYSA). You won't miss what you never see in your checking account.

3. Automate your credit card payoff. Set your credit card to auto-pay the full balance every month. You build credit, avoid interest, and never miss a payment.

Set it up once. Let it run forever. There is no catch. 

It really is that simple. Let these small steps build on top of each other for as long as you let the automations go.

These three automations won't make you rich overnight, but they remove the biggest obstacle standing between you and wealth: forgetting to do it.

🚨Here’s a free checklist you can use to get your automations running.

One-Pan Honey Garlic Chicken & Rice

One pan, 30 minutes, under $3 a plate — and the whole family will actually eat it.

Budget breakdown (approx.):

- Chicken thighs (4-pack): ~$4.50

- Rice: ~$0.60

- Broccoli: ~$1.50

- Pantry staples (honey, soy sauce, garlic, broth): ~$1.50

- Total: ~$8.10 → $2.03 per plate ✅

Get the full recipe here.

Question: Is there a place where I can have multiple HYSAs [for various sinking funds]? 

Answer: We personally use Ally Bank as the HYSA provider for our smaller sinking funds. 

SoFi also works great.

We use the "buckets" feature that Ally and SoFi have to distinguish multiple savings goals, without having to open up multiple High-Yield Savings Accounts.

We have a bucket for travel, a bucket for car maintenance, a bucket for gifts, etc.

We even automated a transfer into our HYSA, and it allows us to automatically divide up that transfer to go into the different buckets right when it’s transferred.

I just opened a 30 Day Challenge to the TFR community

(and there’s only 4 spots left)

Most people don't fail to build wealth because they're bad with money.

They fail because no one ever showed them exactly what to do, in the right order, at the right time.

In 30 days, we will build your exact road map to your first $100k net worth milestone.

✦ 30-min kickoff consultation to build your personalized plan
✦ 60-min deep-dive coaching session to sharpen your strategy
✦ 60-min follow-up to track progress and recalibrate
✦ Direct email access to me for the full 30 days

Schedule your first call here.