Being frugal is the biggest baloney to wealth. People like you and I obsess over it because $COST_OF_LIVING is the one variable of the Income Wealth Equation we can control.
You want to become wealthy? Affect millions.
You want to become wealthy? Affect millions.
Get rich slow when you're 70, or get rich fast by working your ass off and being accountable for your wealth.
1) Make lots of money
2) Don't spend it all
You need to succeed at both steps to be wealthy. However doing well at either step will still improve your circumstances.
Rich people telling you to invest in mutual funds and treasuries to become wealthy are frauds. That's what you do to MAINTAIN wealth, not to generate wealth.
Well, as the linked article and the various blog posts show, that isn't exactly true, especially not for people in IT.
In IT you can accomplish step 1 through a job.