I’ve been following CNN Money‘s Millionaires in the Making series for some time now. Deshundra Jefferson has posted a new profile online. The featured couple, Ryan and Danielle Quilling, are saving their way towards millionaire status.
Danielle is 25 and Ryan 27. They have no credit card debt; the only debt they have is their mortgage and student loans. Ryan dabbled in stocks for his 401(k) but realized it was a mistake.
These stories start to sound very similar after a while. They use The Millionaire Next Door by Thomas J. Stanley and William D. Danko as inspiration, and even were quoted in the article saying a cheesy guru-like quip, “It’s not what you make, but what you do with what you make.”
Being in a DINK (dual income, no kids) household speeds the saving process along. If I could put 30% of my salary into a 401(k) and still afford to live and eat, I would be a happy person, at least in the respect of personal finance.
Updated March 5, 2014 and originally published March 8, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.