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I suppose if you're not familiar with elementary logic? I'm claiming that frugality doesn't lead to wealth, that is, its not a sufficient condition for becoming wealthy. Actually, I went further, I suggested its a fetter to achieving serious wealth. But never did I suggest that frugality and wealth are some how logically mutual exclusive, hence pointing out a few examples of people that are both frugal and wealthy doesn't refute anything I've said.
And it's your "further" where you fall on your face.
I only know 2 multimillionaires
(ill define this as over 2 mil not counting the primary residence. A couple others about to retire might be on the cusp, but counting the house)
BOTH are VERY frugal.
One a retired fire fighter, the other retired merchant marine
Anticdotal, but enough to say your wrong...
I know several several millionares(based on your definition)... and most are not too frugal.
You can't use fiction as an argument. For it to be valid, it has to be true.
I didn't say it was true. I only said it was the best argument I've ever heard. It is also not true that the early bird catches the worm, but that doesn't stop it from being a sound argument upon which to base a lifestyle philosophy.
I'm claiming that frugality doesn't lead to wealth, that is, its not a sufficient condition for becoming wealthy.
Neither is work. Nor is diligence. Nor education. Nor is constantly dreaming of or striving for higher goals..
Nor, for that matter, is becoming wealthy a sufficient condition for settling into a comfortable and fulfilling lifestyle.
It may be true (I'm not saying it is) that human nature dictates that wealth begets greed, but greed does not beget contentment. Just something to ponder.
I think the whole point of this article is that when you've already gotten your frugality down to a certain point and it becomes difficult, you should focus more on increasing your income.
If you want to increase what you save every month, you have 2 choices: spend less or get paid more. There are many ways to achieve both but it's beyond the scope of this article.
I think the whole point of this article is that when you've already gotten your frugality down to a certain point and it becomes difficult, you should focus more on increasing your income.
If you want to increase what you save every month, you have 2 choices: spend less or get paid more. There are many ways to achieve both but it's beyond the scope of this article.
I do not like the concept of earning more money to maintain a certain lifestyle. I don't want to work a second a job. I do, however, like the concept of conscious spending. I save for luxury items and make sure credit cards are paid off each month.
I do not like the concept of earning more money to maintain a certain lifestyle. I don't want to work a second a job. I do, however, like the concept of conscious spending. I save for luxury items and make sure credit cards are paid off each month.
I hear ya. The way the article puts it isn't to my liking either. I personally like the idea of creating residual or passive income... or just increasing my income within the same amount of hours. Although, that certainly takes some work, but I feel the payoff is big. I mean, if you increase your value, that's pretty much residual as well. So do the work once, and benefit for the rest of your life. (That's what education is supposed to do)
I hear ya. The way the article puts it isn't to my liking either. I personally like the idea of creating residual or passive income... or just increasing my income within the same amount of hours. Although, that certainly takes some work, but I feel the payoff is big. I mean, if you increase your value, that's pretty much residual as well. So do the work once, and benefit for the rest of your life. (That's what education is supposed to do)
You "feel" and "supposed to" etc... So you' HAVNT DONE what you keep advocating... Unlike the savers who DO.
Ok then, just clarifying!!!
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