The Millionaire Next Door by Thomas J. StanleyMy rating: 4 of 5 stars
This is a fascinating book! The authors spent a lot of time researching millionaires and studying their lifestyles and habits. The bottom line I gleaned from it is to be frugal, don't live beyond your means. Instead of trying to live a perceived lifestyle of the "rich" invest, be content, and accumulate wealth. A lot of time was spent on emphasizing the benefits of not buying flashy, expensive cars or other expensive "toys".
Millionaires are those that take the time to plan out their financial goals, make good budgets, and invest wisely.
There wasn't a lot of time spent on the habit of giving in this book, which was disappointing. I know that one of my goals of becoming wealthy is to be able to give away and help others with my cash.
Definitely a good book to read and glean insights from.
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