My dad is worth $10 million but is still so cheap that he won't buy an air conditioner for the summer - why is he like this?

You cannot budget yourself into wealth. No matter how much you cut out of your life, the mathematics doesn't work that way. Saving and starving helps people survive poverty, not escape it. Most of the super-rich have help or luck that got them where they are, challenging the narrative that frugality alone leads to wealth.

Despite the frugal lifestyle of many wealthy individuals, it doesn't equate to the hard work or sacrifices they often claim. True wealth often comes from a combination of factors, including luck, connections, or prior investments. Those looking to retire early should focus on strategies beyond mere budgeting and scrimping.

Read at 24/7 Wall St.