Why Frugality Won’t Make You Rich

Many people believe that frugality is the key to getting rich. Self-made multimillionaire and financial podcaster Linda P. Jones disagrees.

Listen to her interview on The Goldstein on Gelt Show to find out why being frugal isn’t enough.

Linda explains why you should follow the lead of billionaires rather than millionaires when making investment decisions.

When considering where to put your money, you need to understand what is “reasonable,” and what rate of return would be a cause for alarm over a period of ten or twenty years.

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. 

 

To learn more about how behavioral finance can affect your investment portfolio, read the first chapter of  more

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