"Frugal Millionaires: How Living Simply Leads to Wealth"

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Source: Yahoo Finance
"Frugal Millionaires: How Living Simply Leads to Wealth"
Photo: Yahoo Finance
TL;DR Summary

Despite the common perception of millionaires as inheritors of wealth, only a small percentage actually inherited substantial amounts, with the average American household now having a net worth exceeding $1 million. Rachel Rodgers, founder of Hello Seven and author of "We Should All Be Millionaires," shared three frugal practices she employs to maintain her wealth, including being mindful of spending on vacations, prioritizing quality over brand names for everyday clothing, and being intentional with time commitments by declining 99% of requests.

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