A friend of mine is a millionaire retiree. He was cheap as all get out while he worked inorder to save for his retirement. He got a pension from the Naval Reserve as well as a pension from a New York City job. He was loaded when he retired at 55 years of age. The icing on the cake was when his mom died and left him a boatload of cash, and property. Inheritances and cheapness really added to his wallet. Last year he and his wife visited the Great Wall of China.
My parents are very typical of the people in the book “The Millionaire Next Door”. They’ve managed to retire with quite a pile despite living on one income all their lives and sending us to college nearly loan-free.
Living beneath your means, fixing your own stuff, wearing stuff out and not being stupid with your money can leave you with quite a savings account if you’re consistent and self-disciplined.
I hope to follow in their footsteps.
LQ