You don't have to live an ascetic life to keep your budget in check.
Most run-of-the-mill members of the seven-figure club don’t live in mansions or drive around town in a Bentley—you’re more apt to see them in a Honda, Toyota, or other non-luxury brand. You may even see some billionaires going cheap. Warren Buffett still lives in the same Omaha home he bought for $31,500 in 1958. Stanford professor David Cheriton, a billionaire from his early bets on Google, reportedly cuts his own hair.This may have to do with how these folks got into this club in the first place. Most millionaires attribute their success not to making smart investments, but to saving early and often, according to a survey by PNC Wealth Management. And nearly 80% cite frugality as a key to success, a survey by the Spectrem Group found.
That doesn’t mean you have to live an ascetic life. You can still enjoy a gradually improving standard of living as long as you keep the pace just a tad below the rate of your rising income.
Your Millionaire Moves -> time.com
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