Do you keep a stressful job to support a sumptuous lifestyle? Take inventory and decide if it's time for a change.
"I believe the definition of being 'rich' is no longer a large dollar (figure). I define it as an excess of both time and money. For frugal individuals, this can happen long before retirement and is not dependent on your income level," says Trent Lickteig, a Chartered Retirement Planning Counselor in Scottsdale, Ariz.
"The two most important assets you can have in the current economy -- and it's not gold, and God knows it's not stock and it's not your house -- but in my opinion, the two greatest assets you can have are no debt and, maybe most important, the ability to live very happily on very little," says Jeffrey Yeager, author of "The Ultimate Cheapskate's Road Map to True Riches."
Be frugal and join the voluntary simplicity movement
"I believe the definition of being 'rich' is no longer a large dollar (figure). I define it as an excess of both time and money. For frugal individuals, this can happen long before retirement and is not dependent on your income level," says Trent Lickteig, a Chartered Retirement Planning Counselor in Scottsdale, Ariz.
"The two most important assets you can have in the current economy -- and it's not gold, and God knows it's not stock and it's not your house -- but in my opinion, the two greatest assets you can have are no debt and, maybe most important, the ability to live very happily on very little," says Jeffrey Yeager, author of "The Ultimate Cheapskate's Road Map to True Riches."
Be frugal and join the voluntary simplicity movement