* buy shiny new luxury cars... but drive them for a very long time. they also buy used cars because they have lots of cars (3-4+ per household)
* buy brand new apple products constantly... but also use 10 year old PCs and other old tech
* eat out and buy overpriced organic groceries whole foods ... but also buy bulk stuff at the not-rich-people supermarket because they cook too
* go on expensive vacations.... every 3 years
this stuff is not black and white, and it's really ridiculous to hear stuff like "millionaires don't buy the shiny new toy" .. yes they do.
Others might say that's the way to keep friends, when you have 2bn.
NO OUTSIDE FOOD OR DRINK.
lots of rich kids i knew in college dealt drugs. think about that one for a minute. same exact (rule-flouting) behavior as poor folk - but is it because they were poor? or frugal? was it because they didn't want to spend their own money on their own drugs, or because they enjoyed flouting the rules to get free weed/coke/x/whatever?
If you know some millionaires who do, all this means is they are actually not the "typical millionaire," no matter what you might think. You also need to take into account the fact that a lot of people you might think are millionaires actually aren't, because they've spent their money on assets that depreciate rapidly. This means you could have a salary of 1+ million a year and still not be a millionaire if you spend it almost as fast as you make it. Look at many of the sports stars who go broke within two years of retiring--yes, it happens very frequently. They were never millionaires despite what everyone thinks.
Example: my uncle is a marketing executive, lives in a very nice house in an extremely affluent area, only stays in the nicest hotels, etc. Except his family probably has a net worth of maybe $100k at most. They're not even close to being millionaires. Why? Because they spend most of the money they make. If he were to lose his job, their entire lifestyle would grind to an incredible halt and they'd be forced to change everything they do just to not burn through their savings. If a millionaire loses his job, it's not a problem.
You're under the very misconception that the book seeks to correct. In any case, your anecdotes really aren't sufficient to destroy the results of a pretty solid study.
i am not under any sort of misconception. i was refuting an unequivocal claim that "millionaires do not..." with 100% verified fact that yes, they in fact, do. certainly not all of them, but certainly not anywhere near NONE of them.
i never said my anecdotes were typical. you put those words into my mouth. i was refuting an unequivocal claim with specific equivocations. STRAW MAN ALERT.
and i am not fucking naive, obviously i know a lot of people have high incomes and just spend all their money and have bank accounts that look like dog shit. nobody ever said that wasn't the case. STRAW MAN ALERT.
and you know what? that is a perfectly valid way to live. the great thing about money is you get to do whatever the fuck YOU want to do with it and not what some self-righteous cheapskate on the internet tells you.
And yes, of course, you can spend your money however you want. That includes spending so much of it that you aren't even a millionaire, even if you easily could be.