Here's another post in our series on the learnings from the book The Millionaire Next Door. A quote from page 69:
Living in less costly areas can enable you to spend less and to invest more of your income. You will pay less for your home and correspondingly less for your property taxes. Your neighbor will be less likely to drive expensive motor vehicles. You will find it easier to keep up, even ahead, of the Joneses and still accumulate wealth.
As I said last Thursday, this is what my family has done and it has been a key part of raising our net worth.
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