Myth: Wealth and freedom come exclusively from living below your means.
Fact: Frugality is the first step … not the last.
There’s a couple that I’ve known for more than a decade.
When we met, they were apartment-dwellers, and I don’t mean the New York City variety. Their dark and musty apartment existed in an area where land is plentiful and square footage is cheap, where the only reason you’d live in an apartment is because you have nothing to your name.
I’m not quite sure when their tables turned, or how long they toiled quietly behind-the-scenes building their family empire; I can’t pinpoint the year their net worth climbed into seven digits. Their newfound wealth isn’t the obvious flashy kind. They still drive modest cars and wear nameless brands, though admittedly they’ve upgraded into a large and lavish home.