Comments on: MoneyReasons Weekly Cache 2010, Mar 28

By: MoneyReasons

MoneyReasons — Mon, 29 Mar 2010 13:11:56 +0000

@Monevator
No problem, you make it easy which some of your great posts!

If inflations start to pick up (which might be the case in the next year or 2), then the elusive millionaire status will even be than much less elusive sooner…

By: Monevator

Monevator — Mon, 29 Mar 2010 09:05:27 +0000

Thanks very much for the link.

Regarding millionaires and mansions, we’ve got to keep in mind that due to inflation most of us will be millionaires in 30 years time (well, assuming you’re in your late 20s, early 30s, which seems to be the peak PF blogging age!)

We need a new word for ‘millionaire!

By: MoneyReasons

MoneyReasons — Mon, 29 Mar 2010 06:13:14 +0000

Bytta@151DaysOff
Based on reading your post, it sounds like you got your act together!

Growing up, I didn’t really know anyone that lived in a mansion. Today, I know quite a few millionaires, but they don’t live in mansions either, they are “the millionaire next door types”…

By: Bytta@151DaysOff

Bytta@151DaysOff — Mon, 29 Mar 2010 05:05:22 +0000

Haha, thanks for the link. Sometimes I’m still struggling hard to be frugal because I was raised in a frivolous household. You should see the kind of useless things my parents have in their mansion. They make money as hard as they spend it. Note that they’re retirees who live off their investment income with no debt, so they’re not your typical inflated-lifestyle Joneses.

I learn a lot about business and investment from them… but they also teach me how to spend it…

By: MoneyReasons

MoneyReasons — Sun, 28 Mar 2010 17:56:24 +0000

Craig/FFB
Yep, I’ve seen that kind of reaction too. Some of the most wild anti-religious folks I know of were kids of ministers or had very religous parents… I guess there is more than 1 path through the personal finance jungle to frugality or wealth.

I think many (like me) who grew up in a frugal family has never had any problems with credit card debt or really any type of debt. In fact, we’ve learned to make credit cards work for us (or at least that use to be the case, let’s see what the banks do with the new slew of fees their are proposing). Or perhaps, I truly am financial genius

I think having frugal (but still good) parents and grandparents, was great for me because I didn’t have to learn about it after the fact or after I was burdened with a lot of credit card debt.

I picked up most of tricks of frugality while I was young. I still remember walking with my grandfather thru a parking lot looking for change (he once found $50.00) on the way to McDonalds. My grandfather and grandmother were sole proprietors that had a successful retail business and auction. They provided my base knowledge about frugality.

That is the great thing about personal financial blogs (and the internet in general), now anybody can learn the tricks that people like me and you know! I feel like I’m going the public a service by sharing, and at the same time improving myself! I love win-win scenarios

By: Craig/FFB

Craig/FFB — Sun, 28 Mar 2010 16:27:05 +0000

Interesting, I think I’m frugal because my family wasn’t. It forced me to change the way I thought about spending.
.-= Craig/FFB´s last blog ..Certificate of Deposit (CD) – What is it? =-.