I just got done reading the book "The Millionaire Next Door" which many of you may have read as well. It's basically all about accumulation of wealth and how millionaires are typically frugal and don't live high consumption lifestyles. It says that many doctors and lawyers tend to be hyperconsumers and have little net worth compared to their annual salaries. One reason for this is that society holds these professions in high regard because of their high earnings potential, and these people feel pressured to "look the part" of a successful doctor or lawyer (expensive cars, wealthy neighborhoods, country clubs, etc). Teachers, who make significantly less, are often better savers. This brings me to the question: Since successful traders must have excellent money management skills and in many cases be bargain hunters in their jobs, is the typical trader that has a 6+ figure income likely to live a high consumption lifestyle outside of work or to be a frugal saver???