Quote:
Originally Posted by LWJ
I was raised by parents who are really weird about money. They believed they were poor. They acted poor. They were firmly upper middle class.
I learned much from this. Be frugal most of the time. My wife / kids often shop at Goodwill or similar. You can shop like a billionaire there.
Mow the lawn. Get a side gig. Live well under your means. Earn more. Pay less taxes (legally). Buy stuff second hand. All my tools came from garage sales and pawnshops. Never buy a new car. Remodel to live in a better neighborhood than you can afford.
Invest significantly. Have lots of cash and use it to your benefit. On the SUV thread I
Mentioned a suburban I bought for 850. It was a solid buy. I bought some apartments that were “on sale” 4 years ago. My equity is up 5x in 48 months.
Don’t divorce. Marry a thrifty wife. Have reasonable aspirations in regards to spending.
I have a buddy who is a billionaire. He drove a crappy Camry for years. No idea what he drives now but I promise it is modest.
It is the process of a million decisions that will gain you millions of dollars.
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Unless your buddy gives million$ or hundreds of million$ away, his priorities don’t seem right. IMO, the whole point of getting super-duper rich is to give it away or NOT to live modestly. Both would be best.