To call Dan Nainan frugal is an understatement. He lives in New York City, home to the world’s largest public transit system, but insists on walking. Everywhere. Sometimes for miles on end. When he travels he prefers to couch-surf, and don’t be fooled if you see him at Starbucks. He’s not ordering any lattes. He just stays for the free Wi-Fi. Oh, and did I mention he’s a millionaire? “There are two ways to become a millionaire. You either make a lot of money or be a frugal person,” says Nainan. “I’ve kind of combined those.” In fact the 32-year-old has managed to save a whopping $1.6 million nest egg despite quitting his day job as a software developer five years ago to pursue stand-up comedy. He says what began as a hobby now earns him tens of thousands of dollars per appearance — money that mostly goes to savings. “In my business, you never know when the phone will stop ringing. There are so many entertainers who are more success...

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