I know a lot of people like those in the story. If you live within your means and invest wisely anyone can be a millionaire.*
*Although being a millionaire isn’t what it used to be.
I know a lot of people like those in the story. If you live within your means and invest wisely anyone can be a millionaire.*
*Although being a millionaire isn’t what it used to be.
Paywalled for me unfortunately…
Im curious what the income level of the millionaires was…
Here’s an excerpt…
**Anthony Drew Gary, 35, and his wife had a combined $5,000 to their name a decade ago.
Now, the Indiana couple has a net worth of about $1.3 million.
Gary said they had an “incredibly average” path to wealth, emphasizing prudent investments and modest living.
Gary worked his way through college and graduated debt-free from a public university. He and his wife, now a stay-at-home mom, married at 27 and became parents at 30, buying a small three-bed, two-bath home for $200,000 in the suburbs of Indianapolis. They could’ve qualified for a larger home, but having financial flexibility was more important.
Gary grew his career in real estate, jumping from position to position while negotiating pay increases. He began a brokerage and bought homes to convert into rental properties. He said they’re “purposefully not maximizing” their earnings to spend more time with their children. They prioritized maxing out their retirement and investment accounts.
To avoid lifestyle creep, they stuck to strict monthly budgets, took vacations when lodging was cheapest, and traded children’s clothing and toys with other families in the neighborhood. He said these were fairly simple ways to live modestly without sacrificing quality of life.**
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