Is frugality vital in becoming a millionaire?
What Girls Said 0
Be the first girl to share an opinion
and earn 1 more Xper point!
What Guys Said 3
It's not so much vital in becoming a millionaire as it is in staying a millionaire. You can become a millionaire through a combination of creativity and luck but keeping it won't be so easy. I would say the frugality can definitely increase your chances of becoming a millionaire though.3
It'd definitely be favorable over the opposite extreme of being an extravagant and reckless spender. Wealthy people tend to invest money, people who just managed to stumble upon wealth tend to spend it all away. And when it comes to running businesses, efficiency is key with all resources involved (time, money, manpower, etc) which ultimately boils down to frugality.2
Absolutely. Nobody ever got rich by spending money.2
Select as Most Helpful Opinion?
You cannot undo this action. The opinion owner is going to be notified and earn 7 XPER points.