The 3 words that describe the affluent in America: FRUGAL FRUGAL FRUGAL.
The millionaire next door is someone who budgets - they know what they spend money on.
Asked why someone who is a millionaire needs to budget, the answer is:
"They become millionaires by budgeting and controlling expenses, and they maintain their affluent status the same way"
The average millionaire achieved their wealth through a combination of hard work and careful money management. They live below their means. They work on making themselves capitalists - meaning they save and invest and start earning more and more of their wealth from investment earnings rather than business income.
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