The Truth About Frugal Millionaires

The Truth About Frugal Millionaires
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Anne Johnson
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The next-door neighbor who lives in the same modest-style house as you do might be a millionaire. That’s because even though “frugal” and millionaire may seem like an oxymoron, it’s what propels some people toward riches.

Many millionaires are living good lives with all their needs met. So, how do these millionaires grow their wealth while meeting these needs? Are they penny pinchers, or do they have a plan?

Frugal vs. Cheap

There is a difference between frugal and cheap. Frugal is economical when using money or resources. Cheap is buying lesser quality goods or not spending at all.
Anne Johnson
Anne Johnson
Author
Anne Johnson was a commercial property & casualty insurance agent for nine years. She was also licensed in health and life insurance. Anne went on to own an advertising agency where she worked with businesses. She has been writing about personal finance for 10 years.
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