compound interest

Anyone Can Accumulate Wealth!

surprisemillionaires3 Comments

Credit UnionIt appears that others are discovering the Surprise Millionaires phenomena.  One financial institution is even attempting to educate its customers regarding the benefits of frugality and wise investing.  The article is great and right on target but the statement that really grabbed me is one that expands on an idea I have spoken about at length here at the Surprise Millionaires:

“The correlation between being a millionaire and occupation is completely random. More than what you do for a living, the manner in which you live your life will determine your financial outcome.”

In other words, “anyone can accumulate wealth”!  I say it much more simply but the message is the same.  Consistent, long term, saving and investing will result in wealth accumulation.  And just how do you maximize the funds you are able to invest? Frugality of course!

The Quiet Man

surprisemillionaires1 Comment

BROWN-061615-01.jpgA quiet man in Chicago whose death didn’t really make the news certainly made the news recently.  James A. Flavin, a man who wore old clothes, drove a beat-up car and lived in a small home in a poor neighborhood was thought to have an estate worth about $53,000.  But then they opened that safe deposit box…

 

 

 

Test Driving the “living large” lifestyle

surprisemillionaires2 Comments

I am very interested in knowing what all of you think of the video below.  The financial commentator’s idea sounds okay on the surface, but in my opinion, “test driving” a lifestyle of living large for a few months could quickly trap you in to living that lifestyle forever – and depleting your nest egg – your thoughts?