I never said I spend/or would spend all that I have, offcourse you need to have some money in the bank.

But I do think that you have to enjoy your money, and if you enjoy your money the best when its on the bank thats cool. I just wouldn't want to be you then.

Yup I have all 7 yet not the million bucks just yet anyway.. Working on it~
1. They live well below their means.

2. They allocate their time, energy and money efficiently, in ways conducive to building wealth.

3. They believe that financial independence is more important than displaying high social status.

4. Their parents did not provide economic outpatient care.

5. Their adult children are economically self-sufficient.

6. They are proficient in targeting market opportunities.

7. They chose the right occupations.

Ahh...but I buy anything that I want to buy...or desire...and enjoy the fact that I can...but I am not into extravagance or the material. That is the key to the self made millionaires...they live as they choose to live and enjoy doing so...not as someone else thinks they should live.

may I ask.......Whats wrong with being 50 ??:Graucho

One of the dateline or 20/20 shows did a story on this a few years ago. Showed people with no special background, work and save and spend just enough to live and in a few years they are multi millionaires.

1 guy bought a crashed semi, and sold it for parts, which lead to buying and selling more crashed semis and soon about $10 million in just a few years.

Also showed a woman who was a multimillionaire, lived in a nice but simple home, used coupons and rebates on everything (or she didn?t buy it) and had made $2 million in a few years, they only took vacations every 3 years or something if at all.

It was interesting, but I agree, I'd rather travel and have much more of a life.

*shrug* you're probably right. I dont really worry about it either way and thats a form freedom in and of itself :winkwink:

It also helps if you enjoy what you do, because you are more dedicated. Its NOT a job :winkwink:

:1orglaugh , I read a news article about how to make a million, it just said work and save until your 65 in a savings account and you will have over a million when you take it out.

Real good advice, save all the money you earn for when you can't enjoy it :ak47:

i have all the makings of a millionaire...its only a matter of time for me

#4. Their parents did not provide economic outpatient care.

hahaha I actually know people who still live with their parents, but I have been completely independant since I was 18.

:glugglug

I believe its all about balance,

You don't have to save all the time, until you are 65 and then drop dead with a million in the bank.. waste of time and life.

You can save 80% of the time, and only have 500k by the time you are 65 but lived quite a happy life instead of being mr scrooge 24/7.

all about not going to the extremes of either not saving at all or saving every single penny.

I wonder how many webmasters will be working in their golden years because they wanted to enjoy life and spend their earnings. This is my biggest fear. I see older people working later in life for less money. Age discrimination is forcing alot of the older work force into early retirement, and they are not ready for it financialy.

million dollars is chicken shit today. so most of these people are dead on middle class. to be rich you have to go for it. squirreling it away is not the answer.

Quite right , The buying power of a Million has sure diminished:2 cents:

Hehehe reminds me of someone i know ;-)

Care to share your definition of "simple"?

Reminds me of all the old ass people I see when I travel for fun.
They saved up all their lives until all they can do on their 'adventures' is sit and watch a sunset.

Sorry, rather skydive, scuba dive, hang glide, surf, travel while I'm young enough to enjoy...fuck the saving for the future when you can enjoy it today, because tomorrow you may die. It's been an awesome life with incredible adventures...no regrets.