Minnesota author to talk about new book Monday, March 22
By Kristen Miller
DASSEL, MN Minnesota author and economics editor for American Public Media’s “Marketplace Money” will speak about his new finance book, “The New Frugality: How to Consume Less, Save More, and Live Better,” Monday, March 22 at 7 p.m. at the Dassel History Center
Farrell will talk about his new book and take questions from the audience. Farrell is also a contributing editor for BusinessWeek.
The Dassel Public Library is hosting the event, which is made possible through the Arts and Cultural Heritage Fund aspart of the Legacy Amendment passed in 2008.
Elizabeth Cronk of Dassel is the coordinator for Legacy events in Meeker County libraries. She is also a library assistant at the Litchfield Public Library.
Cronk wanted to bring Farrell to the area because the book is timely, she said.
Farrell’s book, “The New Frugality,” has a message of moderation in financial matters, according to Cronk, who has read Farrell’s book and heard him speak during his radio talk show.
He suggests that the recent financial crisis has taught some lessons that should change the way people think about money.
Farrell advocates allowing a margin of safety in one’s money matters, but not going to extremes of either saving or spending, Cronk explained.
In his book, Farrell gives an overview of all of the elements of a good financial plan, according to Cronk.
He adds the unique idea that sustainability is part of the picture thinking about the environment, our communities, and the things that bring meaning to lives, she said.
Farrell advocates living a better way by directing a person’s money in ways that line up with their values, rather than just denying themselves in order to save money.
One quote Cronk appreciates from his book is this: “We’ll feel good about ourselves and the actions we take to save more and borrow less while pursuing quality and simplicity.”
“People are concerned about the economy and their financial futures,” Cronk said, adding the increased interest in sustainability and environmental issues, which Farrell also brings into the discussion.
“I also think there’s an increased interest in buying or making things that last, instead of buying more disposable goods at the lowest price,” Cronk adds.
She hopes the topic of the book will be relevant to many people in the Dassel-Cokato community, and has also found Farrell to be entertaining and knowledgeable, having heard him on Minnesota Public Radio.
“I think he will be an enjoyable speaker,” she said.
All are welcome to attend this free event. No registration is necessary, and refreshments will be provided by the Dassel Area Historical Society.