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Money and Finances
Reply to "The Average American is a Millionaire "
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[quote=Anonymous][quote=Anonymous]$500 a month into market for 30 years would be about a million now. I know why I don't have it, but I'm nearing it now after getting serious about it. I have some idea why most of my friends, co-workers, relatives, and acquaintances don't have one million NW and why others do. [/quote] Simple---most Americans do not value saving. There is always something they "need" (and 95%+ of the time it's a want, not a need). they run up credit card debt and pay high interest for "wants" and then it's a hard hole to dig yourself out of. Also a mindset that is difficult to change---you have to stop keeping up with the joneses and live within your means. [/quote]
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