We like to point out to the boys all the time the people that are rich and famous but yet living frugal lifestyles. Our boys like to put these youtubers to Tik Tok kids up on a pedestal because they drive fancy cars and live in these big houses. They watch videos of these people throwing money away to friends and family like its water. We try to bring up to them what would happen to these people if it is real life if You Tube or Tik Tok would quit paying them.
I tell the boys there is nothing wrong with living frugal and not wasting their money. There are so many people that have Millions of dollars that don’t look like it. They don’t have fancy cars, they don’t take fancy trips, they don’t wear Rolex watches, they were simple clothes and live-in simple houses.
Some people want to dream higher than a Millionaire to a Billionaire and they want to live like a Billionaire before they put in the work and became a Billionaire.
I feel most Billionaire know how to live frugal and most probably did before their business took off. Some kept some of those habits even after becoming a billionaire.
As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.
For instance, let’s talk about some Billionaires and their frugal habits and pasts. Listen to my Podcast in full.
If Social Security isn’t around in 15 years, we may get really Frugal to get by but by then we hope both boys are out on their own. Then if we need too, we could always rent out their rooms for extra money if Social Security was not around.
We want to give our boys the best chance to have their money last them thru their retirement years and have them reach their Financial Freedom goals. They need to live somewhat with a frugal mindset and spend less than they make so they can Invest towards their Financial Freedom goals.
Thanks, and Have a great night. Please Support or Follow me at https://www.patreon.com/millsway for access to all my blogs.
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