The Millionaire Next Door: The Surprising Secrets of America's Wealthy"Why aren't I as wealthy as I should be?" Many people ask this question of themselves all the time. Often they are hard-working, well educated middle- to high-income people. Why, then, are so few affluent. For nearly two decades the answer has been foundin the bestselling The Millionaire Next Door: The Surprising Secrets of America's Wealthy, reissued with a new foreword for the twenty-first century by Dr. Thomas J. Stanley. According to the authors, most people have it all wrong about how you become wealthy in America. Wealth in America is more often the result of hard work, diligent savings, and living below your means than it is about inheritance, advance degrees, and even intelligence. The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. You will learn, for example, that millionaires bargain shop for used cars, pay a tiny fraction of their wealth in income tax, raise children who are often unaware of their family'swealth until they are adults, and, above all, reject the big-spending lifestyles most of us associate with rich people. In fact, you will learn that the flashy millionaires glamorized in the media represent only a tiny minority of America's rich. Most ofthe truly wealthy in this country don't live in Beverly Hills or on Park Avenue-they live next door. |
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$1 million accumulate wealth accumulator of wealth Acura Legends adult children affluent parents allocate American millionaire ancestry group annual income asked attorneys automobiles average become wealthy budget building wealth business owners buyers cash gifts clients consumer consumption daughters dollars earn economic outpatient economic outpatient care entrepreneurs estate tax expensive financial advisors Friend frugal gift receivers goals grandchildren high-income high-income-producing households in America husband income tax industry Infiniti Q45s inheritance interviewed Johnny Josh less lifestyle live millionaire households motor vehicles nearly neighborhood Neiman Marcus net worth never nonmillionaires nonreceivers North paid PAWs percent physicians planning their investments private school professionals purchase respondents Saks Fifth Avenue Sarah self-employed significantly South spend sports utility vehicle stock brokers survey Table tell told tuition types UAWs vehicle-prone dealer loyalists vehicle-prone shoppers wealth accumulation