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<p>My dad’s best friend and his wife make somewhere in the ballpark of a half mil a year (she’s a gastroenterologist and he’s an accountant). She grew up very poor and never wanted her children to be spoiled. They shop at second hand stores and have cars that they never buy new and drive until they’re completely dead. They do have some expensive habits (buying organic food, taking music lessons), but they never go out to eat and they rarely go see movies and such. They don’t live in a big house nor do they have expensive possessions (they didn’t even have cable until about 3 years ago!). Those kids are as frugal as I am and my parents make a small fraction of what their parents make (literally less than 1/10 lol). </p>
<p>It’s all about living by example. If you live frugally then your kids are likely to live frugally as well, no matter what your income is.</p>