Monday, August 18, 2008

Frugal Millionaires

I went to check my email this morning and an MSN story just popped out at me. They actually did a piece on frugal millionaires -- young people with a ton of money (okay, that's not me!) who choose to live simple, frugal lifestyles. Now -- frugal for me and frugal for them --- clearly different animals. One of them keeps a private jet.
But -- the article and the millionaires interviewed in it made some excellent points. Like: "What's the point of spending money when you can think of so many better ways to use it?" and "it's much better to earn interest for themselves than to pay interest to someone else"
The article included a link to another terrific article about creative donations to charity (also well worth the three minutes it takes to read) which led them up to my favorite quote of all: "Your own financial security depends far more than you may think on the financial, physical and spiritual health of others in your community, our nation, our world. When you share your good fortune by donating your money, time and talent to charity, you help create a stronger economy and a healthier, safer world."
You can read the entire article here. Think about it.

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