With all the belt-tightening going on, most people seem ready to give up whatever eco-friendly actions they’ve adopted in order to economize. In his new book, Go Green, Live Rich, best-selling author David Bach makes a convincing case that saving energy and resources will not just save you money, but make you money, too. He offers four steps for greener living that could save you $10 a day every day of the year. They are:
1) improve your car’s fuel economy: save $884 annually
2) seal leaks in your home to reduce heating and cooling needs; save $129
3) adjust thermostat in either direction 3 degrees: save $85
3) Bring lunch to work (in reusable containers): save $1,560
Total savings: $3,758 per year, or approximately $10 a day.
And, says Bach, if you invest that $10 a day (instead of finding new things to spend it on), and you earn a 10 percent annual return (which you can earn through investments in green funds, by the way), in 30 years you would have $678, 146.
So…before you think you can’t afford to live green, think again. Not only will you enjoy immediate savings, but you’ll have extra investment income to help fill your green piggy bank for the future.
6 thoughts on “Go Green, Live Rich”
Good to see you recommending green investing!
You might want to look at my site. It uniquely covers the latest global green and ethical investing news and research. It’s at http://investingforthesoul.com/
Good luck and best wishes,Ron Robins
Ron,
Thank you so much for sharing your site with Big Green Purse! If you ever want to do a guest post, please let me know.
Thanks for sharing this link. I really appreciate it.
Sabrina, Thanks for your support and for the great example you’re setting with the changes you’ve made to your own life. We can all make a difference!
These are very easy and practical ways to stay green even with the belt-tightening that we have nowadays. It may be hard to change old ways but with little steps you are on your way to living a green lifestyle. Aside from helping the environment, going green also helps in saving money.
I remember being at this event as my school where a guy was telling us why you save money by buying a used car. He said that when you buy a new car it continually loses value. I still think buying a new car is best because a used car can have tons of reliability problems. The best way to save money honestly is to ride the bus. I guess most of us are spoiled by vehicles.
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