Sarah Stanley has continued the good work of her late father Thomas Stanley and updated The Millionaire Next Door into a new book The Next Millionaire Next Door and it is chock full of interesting facts about how to get rich in this current economic environment.

Inspired by both her material and our recent discussion about approached towards early retirement, I thought I’d write about three type of millionaires which I categorise as three fantasy races of dwarf,elf and orc so that we can distinguish three distinct roads to riches.

a) The Dwarf

The largest number of millionaires are dwarves. Hard-working and frugal folks who succeeded by saving as much as they can through penny earned. Dwarves do not have high salaries so they spent most of their lives working very hard and adopting a standard of living well below their peers.

I see myself as a dwarf because my …