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10-27-2009, 07:26 PM
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Senior Member
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Join Date: Jun 2009
2,098 posts, read 732,638 times
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Is This True That Rich Folks Are Frugal?
and they do live in a middle to middle-upper class neighborhoods and drive a modest vehicle?
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10-27-2009, 08:00 PM
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TANSTAAFL!
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Join Date: Jun 2009
Location: SoCal desert
1,449 posts, read 381,478 times
Reputation: 1571
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Quote:
Originally Posted by Texas User
Is This True That Rich Folks Are Frugal? and they do live in a middle to middle-upper class neighborhoods and drive a modest vehicle?
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What's your definition of rich? |
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10-27-2009, 08:07 PM
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Senior Member
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Join Date: Nov 2008
864 posts, read 209,561 times
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Read The Millionaire Next Door, that's what the author says.
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10-27-2009, 08:08 PM
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Senior Member
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Join Date: Jun 2009
2,098 posts, read 732,638 times
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Quote:
Originally Posted by Gandalara
What's your definition of rich?
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High Net worth assets. Living comfortably without any fall backs. Debt-free. |
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10-27-2009, 08:09 PM
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Senior Member
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Join Date: Jun 2009
2,098 posts, read 732,638 times
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Quote:
Originally Posted by Gottasay
Read The Millionaire Next Door, that's what the author says.
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Oh yea I have. Very good book. |
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10-27-2009, 08:11 PM
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Senior Member
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Join Date: Jun 2009
2,098 posts, read 732,638 times
Reputation: 225
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Rich Dad, Poor Dad.
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10-27-2009, 09:18 PM
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Senior Member
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Join Date: Jan 2008
2,897 posts, read 1,493,133 times
Reputation: 5237
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Quote:
Originally Posted by Texas User
and they do live in a middle to middle-upper class neighborhoods and drive a modest vehicle?
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There are some very wealthy people who live like that.
If you flash your wealth around all the time, its hard to make friends because people will either think you're showing off, be envious, feel insecure, or try to take your wealth away. If you make a conscious effort not to stand above your neighbors, you can avoid those pitfalls and make good friends.
I don't know about you, but I'd much rather have Thanksgiving dinner with family and friends in a modest house than to eat alone in a mansion. |
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10-27-2009, 09:25 PM
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Real Estate Agent
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Join Date: May 2008
Location: DFW - Coppell / Las Colinas
3,644 posts, read 1,756,328 times
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There are 3 generations of rich in a family:
1st Generation is frugal, works hard and builds a great business. Teaches kids the value of a buck.
2nd Generation just tries not to screw it up and lives a pretty nice lifestyle. Raises spoiled kids.
3rd Generation is the spoiled kids who did not earn it, has no concept of how to keep it going, lives lavishly, parties hard, does drugs and files bankruptcy. They blow everything Grand Pa worked to build.
Not all rich folks are frugal but the ones who earned it usually are.
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10-28-2009, 02:19 AM
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*i'm looking over a four leaf clover*
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Join Date: Oct 2007
Location: where the moss is taking over the villages
1,963 posts, read 477,511 times
Reputation: 786
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Quote:
Originally Posted by Rakin
There are 3 generations of rich in a family:
1st Generation is frugal, works hard and builds a great business. Teaches kids the value of a buck.
2nd Generation just tries not to screw it up and lives a pretty nice lifestyle. Raises spoiled kids.
3rd Generation is the spoiled kids who did not earn it, has no concept of how to keep it going, lives lavishly, parties hard, does drugs and files bankruptcy. They blow everything Grand Pa worked to build.
Not all rich folks are frugal but the ones who earned it usually are.
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Yup.  |
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10-28-2009, 03:28 AM
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Senior Member
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Join Date: Mar 2009
Location: Currently Nomadic
2,658 posts, read 758,069 times
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Depends what you mean by frugal, but almost everyone I know that is wealthy is not frugal in the sense that people seem to use the word here.
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