I enjoyed your books and Dave Ramsey's, but we are a little different in terms of house.

We live in a million dollar house on the lake, but just paid off the mortgage which took us almost 5 years. We are now completely debt free. We always pay off credit card or any other bills every month, shops at Goodwill, dollar stores, Big Lots and WalMart. We look for sales and clearances all the time. Our two cars are 7 and 17 years old now which we paid cash when new. I do all car maintanence myself. We also do all of our own yard works which is rare in our subdivision. We have sizable retirement accounts already, and will able to save about 50% of our income with the house now paid off.

We both work from home so do need space in our house, but we always prefer better houses and are willing to pay for it. Other than house, we are very frugal. We took only a one week vacation during last 5 years. When we do stay in a hotel, we usualy eat breakfast and sometimes even dinner in our room to save food cost.

Interestingly, we are both engineers which tends to accumulate more wealth as your study indicate. So we do match your profile of balance sheet affluent mostly. Thank you for your work which shall help a lot of people.

My wife and I choose to rent a nice apt on a lake. This enables us to save and invest a large portion of our income as the difference in buying/renting in Tampa Bay is $820 vs $1800+ including repairs, maitence, lawn service and additional utilities/furnishings for a home its "true" cost would be about $2300..so insted we invest $1000 a month, put money into our emergency and savings accounts,are DEBT FREE!! and will be able to buy future cars with cash and are well on track to be millionaires. its so strange but all the homeOWERS here are like zombies telling us to join their cult in homwOWERship..normal is broke, we are weird and love it

This is a really good read for me, Must admit that you are one of the best bloggers I ever saw.Thanks for posting this informative article.

Your reminder could not have come at a better time. We are looking to buy a home in the near future and in conjunction with your findings and Dave Ramsey's teachings we will be buying a home that will be blessing and not a curse. Family and friends say we deserve something larger and better, (never EVER mentioning the larger payments) but they haven't read your books so what do they know!

-Thankful for your blog

Because of your book Millionaire Women Next Door, I'm trying to become more like the women in that book, despite being a stay-at-home, homeschooling mom.

I'm learning about investing. We're working on paying down our debt now, but when it's time to invest, I want to be savvy :) That's something I learned from your book.

But this is another good tip. Because lately I've been dreaming of having a bigger house someday, and maybe it's better to learn contentment and wealth-building.

Interesting. I'd be interested in hearing more about actual housewives (and house husbands). What are *their* lifestyle choices (do they also get $20 haircuts, etc.)? Much is made in your books of the financial stability provided by a stable marriage with an at-home spouse, but few details are given about the choices those spouses make. While not primary earners, they are often primary spenders (or on the front lines of deciding whether to spend). I'd love to hear more.

I am ashamed to admit, but I watch the housewives series on bravo. It is my guilty pleasure as I find some of these ladies very entertaining to watch. They think so many of us are jealous of them, but I'll take my 1800 sq foot house and my 6 figure and growing net worth any day. And I will continue to shake my head every time I see them buy their way to bankruptcy court.

Post A Comment