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Chapter 6 of this book was one of the worst chapters in any book I have read lately.
First, some of the advice was TERRIBLE and so 'slowlane' that it hurt.
5. Do it yourself
No. Don't. Spending time learning how to fix your hot water heater is a poor use of your time.
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Exactly!
It is the .... Do It Yourself Disease!!!
Many times, when you attempt to do it yourself thinking you will "save money" it ends up costing you more in the end . . . and this is BEFORE you even consider all that time you wasted... time that could have been put to better use. (4 hour work week anyone?)
Doing your own taxes is a perfect example. 10 years ago, I did our taxes using turbo tax. But, as time went on, things got more complicated. I started a business, we started buying and selling real estate. And... I HATED doing the them. Yech.
One April, I was pulling my hair out - - - as usual for that time of year - - - and I said to my hubby.... "I'm hiring a CPA." We agreed that I would finish this year's return and that we would take it to a CPA. Then, we could compare results.
Well - - according to my return we owed the IRS about 6K.
According the the return prepared by the CPA we owed about 2K.
Not only did she save us some money, but ..... more importantly.... she saved me many aggravating hours!!!
Unless you enjoy the tinkering involved with the particular project.... it will likely cost you more in the mistakes you make and the hours you spend and the parts you buy, break, and have to buy again.
- Hire a professional when you can't (or won't or don't want to) do it yourself.
- Have your personal assistant do the other shopping around type stuff.
- Focus your energy on creating more wealth and on enjoying your life.
I'm with Kimber on the frugality bit... it is fun to be creative. The "fun" stuff in our house is figuring out how to "reuse" things. Old creamer containers turn into little vases for the kids to decorate. We use scraps from my Grandma's quilting club to hook rugs, table runners, etc.