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The Truth About Frugal Living

By Gregory Thomas

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But in the end, we have no actual wealth. No overabundant savings account. No well-invested stocks to capitalize on. No lakefront retirement cabin to retreat to from time to time. Just our pretend life that we've been living in.

Acquiring Wealth

So how does a person acquire wealth?

Many misinterpret the meaning of wealth. Wealth is not determined by how much you earn, but by how much you accumulate.

Aside from inheritance (and luck), a wealthy person will generally acquire money through many years of hard work and discipline, and at the same time, complement the hard work with regular saving deposits and wise financial investments.

Others spend all of their money on many extravagances but rarely have anything left afterwards. Years of reckless spending leaves little to celebrate in the end.

You Make the Decision

Income has little to do with whether a person decides to budget their money and strive for future financial goals. In other words, you'd be surprised to know how many poor people do not budget their money and how many wealthy people do!


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