This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA
Andy Grove, the retired CEO of Intel wrote a book, Only the Paranoid Survive. It’s tough to argue with the title of this book. We are just going to tweak this to, Only the Thrifty Survive.
The Millionaire Next Door
There was a book written called The Millionaire Next Door. It described how ‘everyday’ millionaires lived. Being thrifty doesn’t mean you have to sit a home on Friday nights with the lights turned off to save money. It does however mean you will need to do some belt tightening.