[jaybeavers]

The wisest man I met in my life was a 65 year old cab driver in Washington DC who was about to retire with $3m in the bank. He saved 10% of his income from the day he started working and didn't buy lattes or sports cars.

Yes, you most definitely can get rich by not drinking lattes. This article is a disservice.

Maybe for the author of this article, a $6 latte is "within his means". For most of the world, it's not because they're not saving 10% of every paycheck, so they should minimize discretionary spending until they do.

[raydev]

If we're being absurdly generous, let's say the cab driver makes $70k/year, after taxes, for 40 years. 10% of that doesn't add up to any million.

[mikedilger]

My friend and ex-neighbor Tim has worked in a blue collar machine operator near-minimum-wage job his entire life. But he's frugal as hell, never buys new things, considers coffee a waste of money. At 55 he has two houses and upwards of a million in cash and investments. It not at all uncommon.

[raydev]

55 yo, you say? When did he buy his houses?