Comments on: $30,000 Millionaires

By: yopi

yopi — Sat, 18 Jul 2009 23:36:17 +0000

great post! i had never heard of this concept before, but i have definitely seen it! that’s one of the reasons why we’re in a bad econ!

By: William

William — Tue, 07 Apr 2009 12:05:42 +0000

Being a frugile person myself, seeing these guys always gave me the feeling I was missing out a bit. With the current recession I’m sure they will soon envy guys like me!

I did not know the expression “$30,000 Millionaires” by the way. Good one!

By: Website Template Reviewer

Website Template Reviewer — Sat, 04 Oct 2008 08:39:45 +0000

With the credit crunch well and truly biting, the days of the $30,000 millionaire are well over. No more easy loans. About time too!

By: Voos Baratos

Voos Baratos — Tue, 16 Sep 2008 15:46:05 +0000

I know what you mean! One thing that relates to that what you are saying is some people that are now 60 years old, and that lived they’re whole life “day by day”, some of them are single, and they are broke, they’re retirement is miserable because they never worked a lot, and most of them feel lonely because they have no young family. I share your point of view, its nice to have luxury, but you have to be able to afford it!

By: Rob At My Debt Relief USA

Rob At My Debt Relief USA — Mon, 04 Aug 2008 14:45:06 +0000

I’d bet a lot of these people are single, living at home with their parents with no real responsibilites. That’s why they can live beyond their means.

I guess when such people decide to move out and settle down then the reality of care free living sharply bites home.

For anyone in this situation interested in reducing their debt, I highly recommned the snow-ball method to debt management.

Here’s how it works:

Write a list of all your debts starting with the least amount owed on top. Then invest all you spare income into repaying the smallest debt first. Once the smallest debt is repayed in full move onto the next smallest debt.

This approach means that you will quickly see results.