"Millionaire Next Door" is a great book, but the best book of all time on money management is "The Richest Man in Babylon." Every money management book, including MND, "borrows" from it.

With regard to spending versus saving, there's a difference between spending money, which is fine, and pissing it away, which is a waste.

Those who spend everything they make and then some, argue that "You only live once!" This, of course, is true. But when you live check to check, you're basically living scared, and have to take a lot more crap at work, as opposed to when you have "F.U." money.

I'm 40 now, if I could do it over, I would've been more responsible with money in my 20's. Had I done so, I'd able to retire now. As it stands, it's probably gonna take me until 50 to be able to live solely off of my investments.

For you, I'd suggest a happy medium. Have some fun, but be sure to put at least 10% aside for investing in your future.

Good luck

BTW

Excellent topic