I remember reading about a laborer who, on his own, put aside money like mad and retired a multi-millionaire.
- Rarely ate out.
- Took in a boarder to help with household expenses.
- Never bought cars new and drove them until they died.
I can see how it could happen. They key is low spending, a high savings rate and investing wisely. With a savings rate of 20% or more just about anyone can retire comfortably and some can even get wealthy.
So what? There was a transient found dead in a downtown LA flophouse theater with over 100k sewn into his clothing. He was always seen smoking cigarette butts off the street and standing in line for meals at the midnight mission. He too was tight as a drum.
So what does that have to do with the government sector economically gang raping the private sector for decades?