I hope to one day be like her. I bought a lottery ticket.
What a question. The soul of the Left laid bare in one moronic assertion.
LL: I don't believe it for a minute. He's probably making a good living. So that extra $600 will probably go toward niceties: jewelry, furniture, vacations, crap like that. I have set up an operating foundation that gives money to people whose lives will really improve as a result of that $600. Just last week, my foundation gave $5,000 to a guy who wants to do by-phone mentoring for kids who are feeling ignored in school and at home.
Actually, this is the way things should be done. Private donations.
Many millionaires are wealthy because they were careful to control spending and invested the rest. They retain those habits, which is why they typically retain their money.
Hey,I resemble that remark...(stooges)
What about the notion that instead of being an interviewer, you could give all of your assets to the poor and light your body on fire to keep them warm? How do you explain your selfishness in this matter? How do you face yourself in the mirror? How do you waste water on a shower when that water could save the planet and your burning flesh could save the life of some poor, homeless, starving, freezing child?
Where do you draw the line between your selfish personal wants, and the needs of the collective masses? Huh? Well?
I think it has less to do with how much you have put aside than how you were raised. My parents were depression people and I learned a lot about the difference between my wants and my needs.
Wealth is nothing more than unspent money.
If you spend every cent you get your hands on and more, you will never have wealth.
And then you will be able to call anyone who doesn't spend every cent and more "the rich" who "didn't make that wealth themselves. Somebody else made that happen."
I’ve always been like this. It’s how we live well on very little.
anyone who manages to hold down a steady job (not always easy so I really admire them!).... and is frugal... does not rush out and buy all the latest krap
usually can save something every month.
it may look small.
but just keep doing it!
after awhile, invest a portion of it PRUDENTLY in, say, low cost Total Stock Market index or something like that, it will go up and down in value but over TIME it is likely to go up...
leave the rest of your $ in an insured bank account
and keep saving every month.
you do NOT need the very latest iphone.
you do NOT need a new car every year or two.
you do NOT need expensive vacations (go camping or find a cheaper vacation you will enjoy)
you do NOT need fancy new clothes from expensive stores.
just keep saving what you can each month.
It was reported that the oil magnate J. Paul Getty, now dead, had a pay telephone in his house.
” I have a client I’ll call Linda Loaded. ”
As soon as I read this sentence, I knew this was going to be a totally unbiased scientific study.
In order to build a fortune one must make higher than average rate of profit and reinvest one’s profits over and over again over a long period of time. The best way to do that is to consume less and save more.
What would you guys do with $60,000 presently invested in stocks; Walmart, GE and Proctor and Gamble?
(no, it’s not me :) )
I always try to warn my younger friends that no one ever got rich by spending money.
Classic examples are instant millionaire lottery winners. Many are broke again in no time.
That's not frugal, that's neurotic.
Computers, smart phones, cars, clothes etc.
They are not designed to last or hold their value (cars can do such but they must be treated with kid gloves to do so and that usually means you don't drive them much)
So we always buy at wholesale prices buying these things or buy used at much lower prices.