Show 99 - Frugality to millionaire with Gerry Born
In this episode, I discuss how frugality enabled Gerry Born to become the Millionaire Educator.
11/5/20251 min read
Frugality is the foundation to building your financial nest egg. It is so important because it gives you control in your life. In fact, Gerry Born, the Millionaire Educator, credits frugality with giving him his start on the path toward financial freedom. If you want to have a $2+ million dollar net worth like he does, frugality is the path to get you there. Check out the episode!
Show Notes
MillionaireEducator.com
Caring for aging parents episode
Recommended Books (Amazon Affiliate Links)
Set for Life by Scott Trench
Key Ideas
Frugal is not cheap, it is high value and low cost, and that is the sweet spot.
The big three, housing, transportation, and food, are the essential things to master.
Gerry’s Seven Pillars of Wealth that any teacher can follow are debt avoidance, hard core savings, tax minimization, income maximization, prudent investing, frugal living, and usig wealth multipliers.
Frugality gives you control and peace of mind.
Financial independence starts with a plan — not a high income.
Bonus Tip
Here is a bonus tip I didn't get to in the episode.
Teachers are needed everywhere in the world and in so many situations. While you might not be willing to move to Mexico like Gerry has, remember that you are much more bound by your limiting beliefs than anything else. IF you feel like frugality isn’t enough where you are, change it! Take control of your life.