Stern Advice: Invest in yourself to retire well

Comments (1)
ARJTurgot2 wrote:

Andrew Tobias used to say ‘a penny saved is worth two pennies earned’. At the time he was thinking about taxes on income, and since then the rates have changed, but the principal still holds. Americans can be a frugal, thrifty, and clever bunch of people, but they have to step out of the mass-consumption-society trap. It’s probably out of print now, but the book The Millionaire Next Door pretty well laid out the mechanics of middle-class wealth. Quality ‘Used’… I grew up in a fanatically frugal Scots-American family, and even I experience mind-boggle on some of the deals I pull out of Craigslist.

Jan 12, 2012 2:43pm EST  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.