There are many millionaires in America who live simply and debt-free. They don't drive the newest car, or spend unnecessarily. Many own rental properties and handle all of the maintenance work themselves. Contrast this life style with someone living in a luxury home they can't afford, driving the most expensive car they can get their hands on, spending in all directions, and being head-over-heels in debt.
2007-01-16 02:46:12 · 4 answers · asked by In Honor of Moja 4 in Business & Finance ➔ Renting & Real Estate
I am not sure there is a question here.
You are correct about the relative differences. There is a book on the topic as I think you know (The Millionaire Next Door).
Ultimately it is a personal choice. Those who choose wisely tend to do much better than those who follow the crowd. Some of the time the crowd is right as there is the law of averages. Many times those who do a lot better choose a different path. Some crash and burn and others succeed.
2007-01-16 02:55:54 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No one should ever live outside their means for the simple fact that they don't have the means to do so.
2007-01-16 02:52:02 · answer #2 · answered by Phoenix, Wise Guru 7 · 0⤊ 0⤋
Yes.
2007-01-16 04:24:20 · answer #3 · answered by teran_realtor 7 · 0⤊ 0⤋
I bet Whitney Houston see's it your way now....
2007-01-16 02:58:00 · answer #4 · answered by Thankyou4givengmeaheadache 5 · 0⤊ 0⤋