Quote:
Originally Posted by retiredguy123
I think a lot of people who have money today, accumulated it by developing a very frugal and practical lifestyle attitude. And, now that they can afford to spend more money, they can't do it without creating a lot of extra stress in their life.
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I agree. I spent nine years in Los Alamos, NM which has the highest proportion of millionaires of any working folks town of comparable size in the country as far as I know.
Los Alamos Tops Nation in Millionaires >> Albuquerque Journal
Most of my co-workers at the lab had spent years in graduate school and were frugal beyond belief. Some of those who smoked (very few) rolled their own cigarettes. Many bought their clothes at K-Mart or Goodwill. They kept and maintained their modest vehicles for many years and even sold their children's underwear when outgrown. Getting through four to six years of graduate school is tough training both intellectually and financially.
My thought is the typical Villager worked hard, saved and invested, and spent wisely over his/her lifetime. Now he/she is living off the results of their deferred gratification!