The Millionaire Next Door


"The Millionaire Next Door" by William D. Danko, Thomas J. Stanley

The Millionaire Next Door illustrates the difference between high income and wealth. In their study, the authors determined through interviews and data which characteristics characterize the typical millionaire of Americans. To my surprise, these millionaires maintain a very simple lifestyle. This is illustrated by many examples. Reading "The Millionaire Next Door" is a good introduction to finance. It clearly shows you that in terms of financial management and investing, it is very much about the right mindset and discipline.

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