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What is the Secret to Being a Millionaire?
May 5th, 2009 by The Practical Nerd

cash

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!

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