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Thomas J. Stanley & William D. Danko
This book fascinated me; I couldn't put it down.
Stanley and Danko set out to study wealthy people and their spending habits, so they spoke to people whose net worth defined them as millionaires along with those whose salaries and age defined them as likely millionaires. Using this data, they created a detailed profile of a typical millionaire along with their spending habits.
What they found astonished them and changed the whole direction of their study.
Rather than the popular image that millionaires are people who buy the best of everything, top model cars, designer clothes, big houses, what they actually found was that most millionaires are ordinary people living ordinary lives.
They discovered that most millionaires achieved their wealth through frugality and strong financial planning & management.
And most millionaires are indistinguishable from anyone else.
“CAN YOU SPOT THE MILLIONAIRE NEXT DOOR?
Who are the rich in this country?
What do they do?
Where do they shop?
What do they drive?
How do they invest?
Where did their ancestors come from?
How did they get rich?
Can I ever become one of them?
Get the answers in The Millionaire Next Door, the never-before-told story about wealth in America. You'll be surprised at what you find out….“