Shamed for my Rolex I Think???

[Phelony Jones]

I'm noob here, please bare with me. I will tell you a story of frugality.

My parents had a married couple as friends. Nice people, one son whom we will return to after some background.

Her father was a pharmacist in Oelwein, Iowa. He was killed in a robbery of his pharmacy early in the 1930's, the Depression. Hence, she knew what poverty and want and going hungry once in awhile was like.

Her son was raised with the same kind of frugality that got her and her mother through. He went to school and went to DC where he made a good career. His folks gave him a '65 Mustang which he still had at last call.

Got married to a like minded girl and they got down to the business of getting wealthy. They bought a turkey once a week and ate it every day in some form or another. Showers at the Y, finally bought a nice condo and furnished it out of dumpsters. They saved and saved.

Now, his broker flies into town to take him to lunch. They travel Europe often but backpack and hostels to save some $$. A rolex would probably make him recoil in the extravagance of it.

Side note. After mom's death, dad was shocked to find out that there were bed sheets in colors other than white. Cleaning out her things, they discovered shoes and boxes stuffed with US Treasuries, something like $300,000 or so. She wasn't going to go without ever again. The simple rule, as ever, if yo want to be rich, don't spend.

Just wanted to add some perspective. Me? I rather enjoyed living while I was young. Had an Oyster Perp for 30 years and sold it. Now, I want another one. but that's just me.