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“You can never be too rich or too thin.” Wallis Simpson

Whether you believe this quote or not, most of us wouldn’t mind losing a few pounds or accumulating a few more bucks.


When I was an adolescent, I ate too much and was fat. Eventually, with some help, I took the weight off and have kept it off for many years. The principles for long term weight loss and wealth generation have some similarities.

Develop “thin” habits and maintain a healthy weight.

Practice smart money management habits and get rich!

This stuff is not rocket science, and it’s not even too hard (except in the beginning). Now, I don’t believe the adage that it takes 21 days to develop a habit. I think it takes much longer. But the great thing about habits is the more you practice, the easier they are to maintain.

So, I’m going to walk you through 3 habits, that if practiced over time, will lead to a trimmer weight and a fatter wallet!


Build movement into your life. Whenever possible move. In fact, get up right now, stretch, twist and move around.

Park your car far far from the store entrance when shopping, or better yet, walk to the store. Make extra trips up and down the stairs whenever possible. Do the dishes, mop the floor, and dust, you will burn calories.

Cut your snack in small sections. Take only one section to the table. After you finished the section, get up, walk around, and do something else. You may not even want the other sections. And if you decide to eat the next section, you’ll have gotten a bit of exercise in the meantime.  Barb’s note; distraction may be the most underrated weight loss trick there is!

Keep a log of how active you are for a few days, and see if you can beat your record!

The key to making this tip work is to make sure you don’t increase your calorie intake!


This tip is the cornerstone of Richard Thaler’s brilliant book Nudge. Thaler recommends putting systems in place to help you automatically make beneficial choices.

Transfer money out of your paycheck and into an investment account each month. Start with your workplace retirement account, and then have more transferred into an investment account when you can.

The first month or two, you will miss the money. Over time, I promise, you get used to living on what goes into your checking account and will not notice the additional transfers.

I look back at the workplace retirement accounts El Carino and I started at our first jobs and I am amazed at their growth. When I left my former employers, I never took the money out and it has since grown for many years. In fact, time is the most important factor in wealth generation, so start this habit now.


You can make lots of money through saving and smart investing, but if you spend it all, you’re right where you started-poor! 

Ramit Sethi has implied that cutting out the small stuff may not be worthwhile.

I disagree.

Consider this, save $5.00 per day for 5 years and invest in a stock market index fund or ETF (exchange traded fund). Assume you earn the historical market reurn of 9%.

At the end of 5 years you have $11,522.34.

For the cost of a pack of cigarettes, a sandwich, a magazine, a fancy latte, or a couple of lottery tickets you could have more than $11,000.00 at the end of 5 years.

Continue this $5.00 per day savings for 30 years. At the end of 30 years you have $281,349.71. Now almost $300,000.00 is nothing to ignore!

How realistic is this?

Most of us can find $5.00 per day to cut.

The key to creating this habit is to funnel money into an investment account through thick and thin.

Small amounts add up!


 Get a notebook and label it: “(your name) Personal Finance” and keep it by the computer. Use it to keep all of your personal finance goals, thoughts, activities, and plans.

  •  Jot down one habit you want to develop.
  • Keep the note visible.
  • Look at it and note your progress.
  • Reward yourself after a couple of days!
  • Write and let me know how it is working out!

For a quick overview of Investing Strategies, pick up my FREE eBook; 20 Minute Guide to Investing (top right of the page). If you like what you’re reading, sign up for my RSS feed or email subscription and follow me on twitter so you get the word immediately. 

What is your tip for getting rich and thin?

image credit; gaymay