Here's another post in our series on the learnings from the book The Millionaire Next Door. A quote from page 37:
Consider the typical affluent household. Most of these men play great offense in the game called income generation. Great offense in economic terms means that a household generates an income significantly higher than the norm. Most of the households also play great defense; that is, they are frugal when it comes to spending for consumer goods and services.
As we've discussed, you don't have to have a high income to become wealthy, you just need to be a saver. But if you do have a high income and are frugal, you can save a lot more a lot faster and become wealthy much faster.
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