'The Millionaire Next Door' changed the way I think about my money - Business Insider

It's a simple concept, but before reading this book, I always looked at frugality as something people did when they didn't have a lot of money. This was so eye-opening for me. It was what sparked me to convert to frugality for good. This literally changed my life. didn't get there overnightThey ingrain good choices into their lifestyle. They don't splurge on non-essentials from time to time. They don't use retail shopping as therapy.

Instead, they incorporate small daily habits that make all the difference. They make their coffee at home, they buy shoes only when their current pair wears out, and they look for the best value onNotice, looking for the best value is inherently frugal, whereas looking for sales is not. Millionaires in the book are often portrayed as weighing out depreciation of the item, the purpose and functionality it provides for their life, and the overall lifespan of the item.

When I read this, it made me realize you're never too rich to save money. Someone who has billions to his name is unashamed to use coupons! Clipping coupons is not a practice of people in need of money— it'sThis was mind-blowing for me. Up until this moment, I had been embarrassed at the thought of giving a cashier coupons, in fear of the person behind me in line judging me. Perhaps they might think I couldn't afford the extra 25 cents I was aiming to save.

This part of the book transformed my mindset more than anything. Imagine, a normal person, making an average salary, ashamed to save money but one of the most wealthy, unashamed! This book was such an eye-opener. It changed my perspective on how I should manage my money. It took away the shame of frugality and saving money. The words in the book told more than a story about these millionaires. It described how these millionaires got to this status and drew me a roadmap of how I could get there, too.

Oh absolutely! It doesn't matter what your income is, you should always save. Thanks for sharing!

Up next on my read list.

A,C,M,N key

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

4 fool-proof ways to prevent the 'Sunday scaries,' according to an executive coach - Business InsiderIn a perfect world, Sunday would be relaxing and refreshing. But for many of us, the end of the weekend brings a sense of dread — 'Sunday scaries.'
Source: BusinessInsider - 🏆 729. / 51 Read more »

Next stock market crash: Investor returns face new, post-crisis threat - Business InsiderA quant expert warns the largest investors are facing a new, post-crisis danger that could lead to several years of losses — and explains how they can start limiting the damage ❤❤❤❤❤......
Source: BusinessInsider - 🏆 729. / 51 Read more »

A hidden United benefit will extend your trip for next to nothing - Business InsiderIf you're booking a trip on United miles, this little-known benefit lets you add an extra flight onto your international itinerary for next to nothing
Source: BusinessInsider - 🏆 729. / 51 Read more »

How presidential cars changed from Kennedy shooting to modern 'Beast' - Business InsiderFrom the elegant Lincoln Continental to 'The Beast,' equipped with tear gas and smoke, the presidential car has changed radically over recent decades. Ok boomer
Source: BusinessInsider - 🏆 729. / 51 Read more »