MND: You Need a Frugal Spouse

Here's another post in our series on the learnings from the book The Millionaire Next Door. A quote from page 37:

Most people will never become wealthy in one generation if they are married to people who are wasteful. A couple can not accumulate wealth if one if its members is a hyperconsumer. This is especially true when one or both are trying to build a successful business. Few people can sustain profligate spending habits and simultaneously build wealth.

This goes back to the leaky bucket analogy. No matter how much water you pour into a leaky bucket, if it's leaky enough, you'll soon be out of water.

Comments

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