MILLIONAIRE MYTHS DEBUNKED

Live within your means!  That seems like a simple thought, but most people just don’t do it.  “The Daily Worth” just published an article in its February edition entitled “Myths about Millionaires Debunked.”  The number one myth about a millionaires is that they live lavishly.

According to the magazine, most millionaires live frugally and save a lot.  They spend money on necessities and don’t waste money on expensive cars and houses that they do not need.  Their conservative spending is exactly the opposite of the way most people live.  The prime example of a frugal millionaire is Warren Buffett who still lives in the same home he purchased back in 1958 for $31,000.

This reminds me of what the Apostle Paul wrote about money, But godliness with contentment is great gain. For we brought nothing into the world, and we can take nothing out of it. But if we have food and clothing, we will be content with that. Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction  (1 Timothy 6:6-9).

Today, take the advice of the Apostle Paul, and be content with what you have.  It’s the best path to true happiness.

John Mark Caton, Ph.d

Cottonwood Creek