Research-Based
4.8/5 Rating
English
272
Personal Finance
The Millionaire Next Door reveals the common traits of those who have accumulated wealth. The authors conducted extensive research to understand how ordinary people become millionaires, and their findings challenge many common assumptions about wealth.
This book shows that most millionaires are not the flashy, high-spending individuals we often imagine, but rather frugal, hardworking people who live well below their means.
Live below your means
Focus on financial independence
Invest time and money wisely
Avoid status-driven consumption
Teach children financial responsibility
Understanding who the wealthy really are
The importance of living below your means
How millionaires allocate their resources
Thomas J. Stanley was a researcher and author who studied the wealthy for over 30 years. He was a professor of marketing at Georgia State University and wrote several books about the habits and characteristics of millionaires.
"This book completely changed my perspective on wealth. The research-based approach provides valuable insights into how real millionaires live and think."
"A fascinating look at how ordinary people build wealth through smart financial habits. The data-driven approach makes the advice very credible."