Is the Frugal Millionaire a Myth?

And are those with a million-dollar net worth even that rich these days?

Karen Banes
5 min readFeb 25, 2023

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Photo by Artem Beliaikin on Unsplash

We’re often told we can save our way to wealth, or at least that being frugal can have a huge impact on our finances. It can be frustrating as hell. We all know that a lot of the people we see with money didn’t get it by being frugal.

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Karen Banes

Freelance writer sharing thoughts on life, society, creativity, and productivity. https://changetheworldwithwords.substack.com