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Originally Posted by cjs216  Your experiences are interesting, littlejo. You have far more than I, but mine are a little different....maybe because my exposure to wealthy folks is those who are wealthy because they live well below their means. (Millionare Next Door books describe these folks and their success formula). |
That has been my experience, as well. However, I do notice that people who live big but are actually living in debt and on credit do tend to waste a lot. And I notice that on the opposite end of the 'wealth' spectrum, often those who have little buy the 'wrong' things when they do get the opportunity. By the 'wrong' things, I mean things that won't help them be self-sufficient in the long run. They're more apt to spring for a video game system for their kid than go to a Dave Ramsey class, etc.