What is the Secret to Being a Millionaire?

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Stellar money management blog Get Rich Slowly and creator J.D. Roth have done it again. Turns out J.D. lives next-door to a real, honest-to-goodness millionaire. He finally sat down and got an interview with him, discussing how the man was able to build up his finances and enjoy the freedom that comes with it now in his old age.

“It was interesting to do this,” John said. “It’s really the story of your web site. The real secret is to spend less than you earn. I don’t care how much you earn, you spend less than you earn.”

I laughed. “My readers aren’t going to like that,” I said. “There’s a vocal group that complains that personal finance writers are always preaching ’spend less than you earn’.”

“It’s not funny,” John said. “Because that’s the secret. They don’t have to like it, they just have to do it.”

The main is straight-forward, and his perspective is fresh, compared to all the “get rich quick” ideas there are out there today. His advice is simple. Read the full interview and learn a thing or two about real financial responsibility.

Your thoughts? Share them in the comments!

About
Tom is an entrepreneur and freelance writer, working out of his apartment full-time, or wherever he feels like taking his laptop. He doesn't take long European vacations or blogs on the beach. He's an Average Joe that took control of his life. He wants you to do the same.
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