Jan
06
At what point does a rich person stop being frugal?
Posted ByI know this lady who makes a lot of money (a lot) and she works very hard for it. With her well earned money she buys herself huge (huge) diamond rings, goes on many vacations, buys the best clothes, and has a few cool cars. Now she’s looking to buy a lake house in addition to her 3000 square foot house overlooking the river. She says she’s frugal because she lives below her means, not getting into debt at all. Does “frugal” apply in this case? Does being frugal mean you’re always budgeting for groceries or having to save for the smallest luxuries?
4 Comments
January 6th, 2010 at 8:32 pm
“Frugal” can be living within ones means. It is very hard for people to understand different economic classes. Just because someone is rich doesn’t mean they are smart with their money. There are people that make over a million dollars a year, but spend it in stupid ways and still live paycheck to paycheck.
January 6th, 2010 at 8:44 pm
Being frugal simply means living within your means, regardless of how vast those means are. Everything is relative. Don’t we all realize that by now?
January 6th, 2010 at 8:46 pm
AT FIFTY MILLION. IT IS THE MAGIC NUMBER THAT LETS YOU KNOW YOU CAN`T GO BROKE.BUT ONLY IF YOU MADE THE MONEY NOT AS LOTTERY WINNINGS OR INHERITANCE
January 6th, 2010 at 9:08 pm
frugal is living with in your means!
if your living pay check to paycheck then you should re do your budget to live with in your means is equal to
i do not spend more then i make!
weither you make 5 dollars a day – 5,000 a day that’s how class and stuff is made!