The Frugal Professor has a current net worth of 500K. He unveils his plan for financial success and what he's doing now to reach millionaire status. He has five kids, an MBA and PhD; He's currently a college professor at a large university. The professor also provides terrific financial advice for new college grads including: spend less than you earn, learn the tax code, invest savings wisely, and track income and expenses. He also divulges how, and in what, he invests and how that allocation may change.