February 19, 2019- The Montrealer
I was recently chatting with a client when she referred to herself, sheepishly, as “cheap”. Now to put this in context, she has been a client for over twenty years, so I know her quite well. She’s a lovely, kind lady who is generous with the people she cares about, both with her money and time. She is also a multi-millionaire. When she said this, in the context of “she’s too cheap to spend on house cleaning” I gently suggested she rephrase it as she is too “frugal”, not “cheap”. There’s a big difference. She thought about it for a second, and agreed that frugal sounded much better, and much more accurate. She now proudly uses that term to describe herself and acknowledges that it is likely the basis for her financial success.