How to become a millionare the reliable way

I'm glad that CNN finally has an article about the key part of the millionaire equation, saving money. It highlights a couple that is making less than $100k per year, yet is incredibly frugal and is on pace to save $3M by retirement age. They spend less than $86 a year on entertainment, stay out of non-housing debt, and budget 'savings' as an expense every month.

I've previously blogged on this topic and suggested the Millionaire Next Door as a great example of how saving will help you a lot more than earning. You can control your spending a lot better than you can control your earning and of course, everything you save is already taxed.

CNN (and all news sources for that matter) always like to show you the example of the instant millionaire, the NFL draftchoice signing the big deal, the lottery winner, and Mark Zuckerberg an internet billionaire. These kinds of millionaires are so infrequent, they have to be in the news. Just remember, the very definition of something being newsworthy is that it doesn't happen very often. Focus on what you can control and you can be like the Wisneskis.