re: Who are the "Hidden Millionaires" in small towns

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Yep, my uncle retired from a refinery with a few million. Dude never let on that he had money. Lived in the same smaller house for 40 years. Browned bag his lunches and rarely went out to eat or took nice trips.

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I hope he's not planning on taking it with him when he dies.

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Farmers are loaded and always will be because the government takes special care of them.

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I could name plenty in my area who are struggling mightily right now with commodities depressed like they are. And government payments/subsidies aren't nearly as ubiquitous as you think.

My dad is a multimillionaire and he was just a company man for Shell. Came from nothing and was very frugal his entire life because of his past. If you save and be smart with your money it's not hard to earn "millionaire" status.

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Many plant workers can retire millionaires if they play their cards right with stocks, 401ks and pensions.

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I'm in construction and know a few guys that are around 40 that have a couple hundred K in liquid assets alone. I don't know how they're doing with retirement and such but I'd imagine they're putting something away if they're disciplined enough to have that much in short term savings alone

sure...pretty much anyone can become a millionaire over the course of a lifetime. just have to get a decent job and save aggressively. this allows you to avoid buying on credit, which eats up a hell of a lot of your lifetime earnings.

fwiw, those saying that farmers are all rich obviously don't know much about how that profession works. most farmers borrow inordinate amounts of operating cash every year with the goal of profiting what most of us would consider to be a pretty average paycheck when it is all said and done.

Nah, he's only 63. Plenty of time to spend some and make the grand kids happy.

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Farmers ain't "loaded" unless they have old family land and/or have oil

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You can several million dollars worth of land assets and equipment, but that's obviously not liquid and while some may technically be 'millionaires', they can't spend money in the manner that we usually associate with that term.

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Is there any truth to this

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Yes. Research "The Millionaire Next Door".

Lot's of very simple choices in life that can lead to accumulating wealth. "Keeping up with Jones'" is a big no no. Don't get divorced. Don't buy a new house every 5 years. Don't buy expensive cars. Save what you can.

Discipline being the key.

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Markets the past few years are going to put a lot of people out of business.

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Yep. And it's going to be a slow death, too. Sure, they'll buy a little time by selling their higher priced equipment (at a loss) and leasing, but then all of the other debt they can't get out from under will eventually catch up. Many are in situations where one or two good years won't make a difference.

Rebeloke alter?