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Selfdiscipline and frugality are traits common among millionaires from "summary" of The Millionaire Mind by Thomas J. Stanley
Self-discipline and frugality are embedded in the mindset of millionaires. These traits are not just occasional behaviors for the wealthy; rather, they are fundamental aspects of their overall approach to life and money management. The concept of self-discipline encompasses the ability to control one's impulses and make decisions based on long-term goals rather than short-term gratification. This means that millionaires are able to resist the temptation of instant gratification in order to achieve greater financial success in the future. Frugality, on the other hand, is a mindset that focuses on efficient and effective use of resources. Millionaires are not wasteful or extravagant; instead, they are mindful of their spending and are constantly looking for ways to save money and reduce expenses. Frugality is not about being cheap or penny-pinching; rather, it...
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