Most people associate nice cars, big houses and luxury items with being “rich”. The truth is that a lot of those people who drive fancy cars, live in huge houses and buy expensive jewelry and other luxury items are often living way above their means. They are living off credit. You may look at them and be envious but do you really know how they are affording these things? In order to be truly rich you need to live below your means and make wise choices.
Truly rich people are those who take their income and turn it into wealth by investing wisely, saving, and living frugally. People who take their income and try to use it to support an unsustainable lifestyle are those who end up in debt and are unable to retire on their terms. When it comes to money and finances, it all boils down to choices and personal responsibility. Which road are you going to take?
Want to Adopt the 5 Frugal Habits of the Rich? Read about them here: Take Note of These 5 Frugal Habits of the Rich – My Money (usnews.com).