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Yet there are many frugal people in the world who have never been millionaires.
by code_duck 8y ago
Yet there are many frugal people in the world who have never been millionaires.
- ericd 8y agoSure. It's necessary, not sufficient. The only way to get and stay rich is to not spend all of your money. It may seem obvious, but it's a step that many high earners seem to forget.
- code_duck 8y agoOne necessary step is to have a source of money. If you don’t have money in the first place you can’t waste it.
- RickJWagner 8y agoSpot on. Spending less than you earn is a prerequisite to accumulated wealth. Going the opposite direction is a formula for poverty. In both cases, it works without regard for the level of income.
- code_duck 8y agoSo if you work at Walgreens, and save all your extra money, which amounts to $37 a week...