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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have no idea who many there are in the US.

But I have come to realize that people are not frugal once they earn serious money.

I know this because we have 20M through investments and being actually frugal. The people we know who have large salaries do not live like us. I don't think anyone actually realizes how much we've accumulated, since we're still in our starter home, with our starter cars - and that's fine, we like flying under the radar! But I know we are definitely weirdo outliers :-)

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Similar story here.  Worth $16M and live in a small house in a nice neighborhood.  Public schools for kids and 1st is at a public university.  Low to mid 50s and will likely retire when last kid gets out of college.  Expect to have $30M by then.  Drive old cars and buy reasonable clothes.  But nice vacations with the kids.[/quote]

James Grubman ("Strangers in Paradise") calls it the Fearful Frugal.  A bit sad actually.[/quote]

NP. This is essentially us, too, but I don’t think it’s sad at all. When you have a ton of money, you might realize that spending it on frivolous stuff really doesn’t make you happier. [/quote]

And that begs the question why you need that money? After a certain point, if you can’t spend it, you’re hoarding it. Surely there’s a charity you can give a nickel to while Americans are struggling. [/quote]

DP:  we do give to charity.  We also are creating trusts for our kids and grandkids, but they have to work and have a career (they do already).  We pay 30-50%+ taxes on all our earnings and will be taxed upon death for some of it as well.  We earned ours thru hard work and sacrifices (startups, long hours, lower pay in hopes of the company selling eventually).  We contribute plenty to society.  Some is ours to keep as a family

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