The Millionaire Next DoorHow do the rich get rich? An updated edition of the “remarkable” New York Times bestseller, based on two decades of research (The Washington Post). Most of the truly wealthy in the United States don’t live in Beverly Hills or on Park Avenue. They live next door. America’s wealthy seldom get that way through an inheritance or an advanced degree. They bargain-shop for used cars, raise children who don’t realize how rich their families are, and reject a lifestyle of flashy exhibitionism and competitive spending. In fact, the glamorous people many of us think of as “rich” are actually a tiny minority of America’s truly wealthy citizens—and behave quite differently than the majority. At the time of its first publication, The Millionaire Next Door was a groundbreaking examination of America’s rich—exposing for the first time the seven common qualities that appear over and over among this exclusive demographic. This edition includes a new foreword by Dr. Thomas J. Stanley—updating the original content in the context of the financial crash and the twenty-first century. “Their surprising results reveal fundamental qualities of this group that are diametrically opposed to today’s earn-and-consume culture.” —Library Journal |
Contents
Time Energy and Money | |
You Arent What You Drive | |
Economic Outpatient Care | |
Affirmative Action Family Style | |
Find Your Niche | |
Jobs Millionaires versus Heirs | |
Acknowledgments | |
Appendix 3 | |
Other editions - View all
The Millionaire Next Door: The Surprising Secrets of America's Wealthy Thomas J. Stanley Limited preview - 1996 |
Common terms and phrases
$1 million accumulate wealth accumulator of wealth Acura Legends adult children affluent parents allocate American millionaire ancestry group annual income asked attorneys auctioneers automobiles average become wealthy budget business owners clients consumption daughters dealer loyalists 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 Lord & Taylor 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 real estate respondents Saks Fifth Avenue Sarah self-employed significantly South spend sports utility vehicle stock brokers survey Table tell told tuition types typical UAWs vehicle-prone shoppers wealth accumulation