It's not just about restraint. His point on frugality (I think) was it's important to release capital for reallocation. It depends what you read into "save", be

It's not just about restraint. His point on frugality (I think) was it's important to release capital for reallocation. It depends what you read into "save", because you'll not build much wealth by holding cash on deposit. I would put it more as "invest, invest, invest". Read "The Intelligent Investor" and go from there.