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Average rating: 4/5

Based on 2 ratings

The Millionaire Next Door: The Surprising Secrets of America's Wealthy

by Thomas J. Stanley

Pocket Star Books | December 1, 2000 | Mass Market Paperbound

Most of America's wealthy people are nothing but big spenders, who reside on sprawling estates and throw their money around without a care in the world, right? Wrong! Now for the first time in a mass market edition, the revolutionary #1 national bestseller The Millionaire Next Door debunks the myths behind our nation's rich, and forever changes the perception of how they accumulate their wealth. Following two decades worth of surveys, interviews, and exclusive data on America's affluent, authors Thomas J. Stanley and William D. Danko have concluded that hard work, diligent savings, and living below one's means goes much further in determining personal riches than an inheritance, an advanced degree, or even intelligence. Don't miss out on this remarkable blueprint to wealth that readers can't get enough of -- order today!
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This item is found in: Personal Finance

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  • Michael Belfry's Review
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"The Millionaire Next Door" explores the investing habits, values and beliefs of millionaires from a statistical perspective.

The book shows that many people with high incomes, luxury cars, and houses in prestigious neighbourhoods often have a much lower net worth than you might expect. These people spend as much money as they make - sometimes more!

In contrast, actual millionaires (people with a net worth of one million dollars or more) prefer to live well below their means and believe that financial independence is more important than social status.

I enjoyed "The Millionaire Next Door". It contains some very powerful ideas and is a good primer on building personal wealth.

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