The Millionaire Next Door Paperback – 26 Oct 1998
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U.S. News & World Report Debunks the image of the rich as high-living spendthrifts. Cox News Service These, for the wise, are tips for all of us....A very readable book. Lexington (NC) Dispatch A fascinating examination of the affluent in American society. Business Week An interesting sociological work. Rush Limbaugh The kind of information that could lift the economic prospects of individuals more than any government policy...The Millionaire Next Door has a theme that I think rings very true..."Hey, I can do it. You can do it too!" San Francisco Business Times Offers a valuable message to today's spendthrift baby boomers. Boston Globe A primer for amassing wealth through frugality. USA Today A nerve has been hit....[For] people who want to become wealthy. The Washington Post [A] REMARKABLE BOOK. Forbes The implication of The Millionaire Next Door...is that nearly anybody with a steady job can amass a tidy fortune.
Reveals that the accumulation of wealth in the United States is most often done through hard work, diligent savings, and living a frugal lifestyle.See all Product description
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The point of the book’s title is that many apparently affluent people (nice house, nice car, nice clothes etc.) may not have much wealth built up (savings and investments etc.) because they are spending most of their income. People who do have a lot of wealth built up tend to live much more modestly and frugally.
The only real downside for me (other than that the point could probably be made in one chapter) was all the facts and figures drawn from their research. Pretty soon you’ll get fed up of the ‘this percent of that, which as a percentage of this, as a ratio of’ and just start skim reading it as you got the point from the first paragraph.
TMND is not a book about getting rich quickly, and it certainly isn't another book that is based on thinking yourself rich which I can't stand because if we could all think ourselves rich we would be. Do you seriously think that every starving child in third world countries doesn't! If you want the truth about how you can make a better life for yourself then this is for you.
This book is based on the research of many millionaires, OK its not all of them but the ones who opted into the research program. Although this doesn't give a complete analysis of every millionaire what it does give you is a thorough look at the lives and stories of people who may have come from humble beginnings or even inherited their wealth.
Why is this good info? Because the vast majority of us don't have a clue about what it takes to get into that position or what it means to maintain it! After reading this book all the things I thought about rich peoples spending habits changed, it made me start to think about my life and what I could do to improve it without even directly asking me to do it.
The word frugal is not something that most people consider to be a good word especially in times when consumerism is rife, but if you want a good life then it may be something we should all think about, the millionaires in this book were mostly just that FRUGAL or tight fisted :0. on balance it may seem like a sacrifice but if at the end of your life you don't have to worry about your pension, kids or family because they are all taken care of then in my opinion its worth a try!