Festival of Frugality No. 139: The Michael Phelps Edition

Welcome to the 139th Edition of the Festival of Frugality! This week’s edition celebrates the sensational achievements of Michael Phelps, holder of 15 Olympic Gold Medals and 7 World Records in swimming, in the past week and a half at the 2008 Olympics with photos and inspirational quotes from the champion himself.

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Michael Phelps Gold Medal 100-meter Butterfly - AP Photo/Mark J. Terrill
(AP Photo/Mark J. Terrill)

Editor’s Picks

“Dream big, dream as big as you can. If you dream your biggest dream, anything is possible. No matter what you set your imagination to, anything can happen.”

The Frugal Lifestyle

Michael Phelps 200-meter Butterfly (AP Photo/Itsuo Inouye)
(AP Photo/Itsuo Inouye)

Frugal Family Activities

“I still remember my first loss. I got touched out and I threw my goggles. I didn’t like to lose and I showed that I had to grow out of it, throwing my cap or throwing a temper tantrum on the pool deck.”

Saving on Food: Groceries, Cooking & Dining

Michael Phelps 200-meter Medley - AP Photo/Mark Baker
(AP Photo/Mark Baker)

Shopping Tips: Sales and Coupons

“I’m not doing it for the money. I love what I do.”

Spending and Budgeting

Michael Phelps 200-meter Butterfly Semi-Final - AP Photo/Mark J. Terrill
(AP Photo/Mark J. Terrill)

Back to School Saving Tips

In answer to: How long are you in the pool?

“Anywhere from two to five hours a day, but if you don’t put the work in, you can’t really expect to get much out of it. I’m more than willing to put the work in so I’m swimming fast at the end of the year.”

Saving on Transportation

Aaron Peirsol, Jason Lezak, Brendan Hansen and Michael Phelps USA 1 x 400 Relay - AP Photo/Mark Baker
(AP Photo/Mark J. Terrill)

Personal Financial Journeys (Stories)

“Back in the winter, at 5.30am, when I didn’t want to get up and train on some cold and dark morning I’d still make myself snap on the light and look inside my swimming cap. ‘Athens’ is stitched on the inside. I’d get up then. I’d grab my bag and head for the pool. I’ve been doing that 365 days – year after year. I can’t remember the last day I didn’t train. Thanksgiving, Christmas Day, New Year’s Day. I haven’t missed one of ’em for years. And every single day I got that word, Athens, running right round my head.”

Miscellaneous Savings Tips

Aaron Peirsol, Brendan Hansen, Michael Phelps and Jason Lezak - AP Photo/David J. Phillip
(AP Photo/David J. Phillip)


Michael Phelps 8 gold Medals 2008 Olympics - AP Photo
(AP Photo)
“When people said, ‘It’s impossible, it can’t be done,’ that’s where my imagination came into play.”

That concludes this edition. Submit your blog article to the next edition of Festival of Frugality using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.


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