First, it makes us feel that the kind of life wealthy people have is unattainable to us, which means is far away from us and no matter what we do we wouldn’t be able to keep up with that. Those who wear gold and silver are the “typical rich” illusion created by the consumer market, which poses two problems. If your answer is yes, chances are you’ve been duped by the carefully created image of the rich in the media. Let me ask you a question, what is your impression of millionaires? Do they go to high-end venues wear luxury watches drive exotic cars buy yachts live in mansions build wine cellars and enjoy luxury brands? On the other hand, actual millionaires tend to live in middle-income neighborhoods, drive economical cars, wear simple watches and buy suits off the rack. Its main premise is that people who look rich may not actually be rich, they overspend often on symbols of wealth, but actually have modest portfolios and, sometimes, big debts. Today we will unlock the book The Millionaire Next Door: The Surprising Secrets of America’s Wealthy.Īfter years of research, in this book Stanley and Danko share strategies or secrets of ordinary American people that have accumulated wealth to the point of becoming millionaires. The key to this book shows that the millionaire next door is usually frugal, saves regularly and invests wisely. They debunk the myths about the millionaire lifestyle, showing us that most times we are misinformed about what actually means to be rich.
The authors explain simple spending and saving habits to attain financial independence. This book is a comprehensive first-hand research conducted on America’s millionaires.
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