My Inner Millionaire
Monday, April 19, 2010
We're cheap. Or frugal if you want to be pc about it.
Long before it was cool to be a frugalista I was one.
I don't own a flat screen TV or a Wii, but I contribute to my Roth IRA and my kid's college funds monthly.
Basically, I think my money looks cuter in a saving account than spent on expensive clothes.
I just finished reading a book that makes me feel better about my inexpensive wardrobe and the fact we're a double Toyota family (as opposed to all the BMWs and Lexus' cruising around my neck of the woods).
It's called "Stop Acting Rich and Live Like a Real Millionaire" by Thomas J. Stanley.
The author conducts surveys of millionaires and asks them all kinds of questions, such as what brand of suits they buy, what type of cars they drive and how much did their home cost.
Want to guess what type of car most millionaires drive? Good old reliable uncool Toyota.
Turns out most people who live in million dollar homes aren't actually millionaires. And more importantly aren't likely to become one even if they make good money because they are spending so much maintaining their lifestyles.
If you're looking for encouragement to stick to a budget this is a great read. I'm probably not doing it justice, but it was very interesting and definitely worth the time.
Have a great Wednesday folks!
P.S. I'd like to thank Tales from My Head for: