If you’re frugal, you don’t need to earn as much as everyone else.

Kristen makes an excellent point in If you’re frugal, you don’t need to earn as much as everyone else.  Well worth reading.

I once heard "That it isn't just the size of the stream that is important; it also important to have a big dam."  The point just earning lots of money doesn't help if you spend it as fast as you earn it.  Retaining a sizeable portion of what you earn and investing it pays huge dividends.

Hat tip: Renae Deckard