I'm going to play detective for a minute based on what Xenomit says:
it physically hurts me to see money get wasted. I make a bit of change from stripping copper wire out of old electronics that people throw out, and from building up bags of just raw scrap metal and selling it to a scrap dealer.
This makes perfect sense. You do not get rich by spending money. For any teenager that wants to get rich, this is how you do it, take care of every single penny. Yeah your 20s and 30s might not be great fun and you won't be rolling in maserati but if you have a reasonable job (say $80k/year) and you're really sensible you can have enough money to retire in your early 50s, if you have a well paid spouse and no children you can make even more.
If you're a "normal person" and want to get rich (a net worth of over a million) you don't do it by spending money. There are some great books out there, Mr Money Mustache is a respected person that talks about this: http://www.mrmoneymustache.com/
At 1/9/13 01:33 AM, Xenomit wrote:
Put all that together, and throw in the fact that my job is very well paying, I keep a good amount of money at all times. I have the bank account set up purely because it'd be really expensive and really dumb to keep it stored in my house
This is the part that makes no sense. $450,000 is enough money that you will have a financial advisor, nobody has $450,000 in the bank and doesn't have a financial advisor. A financial advisor would help you get good returns on your capital without risking it (even if that's just a basic savings account, or some very safe investments). Saying you're someone that knows the value of every single dollar and works for it even when you don't need to but then only having $450,000 cash in a bank account because it's "really dumb to keep it stored in my house" is nonsensical, you would have that money making money.
Xenomit might be telling the truth (stranger things have happened) but if he is he's dumb, he really should have a financial advisor.
Anyway, for anyone that does want to get rich:
1. Find a (marketable) skill
2. Develop that skill
3. Find a job that uses that skill, start at the bottom
4. Work hard, save, get promoted, work hard, save, get promoted
5. Don't have children, get a spouse that also works for a good wage
6. Live below your means
You'll have a net worth of a million before you're 50, easy.
If you're ~<15 now and want to set yourself up for financial security in the future the number one thing you can do (and it's disgraceful that this isn't a big part of our childhood educations) is learn to manage your money. Save, don't spend. There are some really great tricks that will help you save money, for example want a new thing? Wait 7 days and if you still want it in 7 days then you can buy it. If you can force yourself into this behaviour you'll be so far ahead of your peers and on the way to living a great life.
I'm getting into life advice territory now and I'm a dumbass that has managed to burn through hundreds of thousands so I'm probably not the best person for it. hah.