Is being "frugal" necessary in order to be rich?

[Ima saver]

Re: Is being "frugal" necessary in order to be rich?

I think you do have to be frugal, but i am very guilty when it comes to cars. (or at least my husband is) I told him he works one week a month just for vehicles.

[Thrifty Ray]

Re: Is being "frugal" necessary in order to be rich?

Of course, one could argue "what is rich?" One of my favorite definitions is this:
Rich is being satisfied with what you have.

By that line of thinking, even if you spend every penny you earn, if you love your life as is, you are far better off than the guy with a million in the bank who is miserable.

I agree with this statement with a caveat.

Rich is being satisfied with what you have -- so long as youre living within- or better yet ~ less than~ your means to have it.

My point- I wouldnt consider myself Rich if I was satisfied with what I have, but am in big debt to have it.