A Joosr Guide to... The Millionaire Next Door by Thomas Stanley and William Danko: The Surprising Secrets of America's Wealthy
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Is it possible for an ordinary person to become a millionaire? And can this be achieved without a lottery win, an inheritance pay-out, or an Ivy League education? The answer is yes: you just have to know how.
The Millionaire Next Door explores the habits, lifestyles, and values of America's self-made millionaires, who often make surprising choices when it comes to building wealth. Adopt their smart financial strategies, change your outlook on consumption, turn investment into a key routine, and create a wealth-maximizing way of life.
You will learn:
· How to assess whether you're on the road to wealth or whether you're sabotaging your chances of financial security
· What the common bad habits of financial under-achievers are-and how to avoid them
· The steps you need to take to build your assets and achieve financial freedom.
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A Joosr Guide to... The Millionaire Next Door by Thomas Stanley and William Danko - Joosr
takeaways
What’s it about?
When you think of a millionaire,
what do you imagine? Perhaps it’s a lottery winner popping champagne. It could also bring to mind a movie star showing off their Hollywood mansion, or a rich heiress on a shopping spree. All of these are images of the rich
commonly found in our mass media. Such stereotypical portrayals of wealth can make us feel that millionaires are people quite different and distant from us, with a level of affluence that we could never hope to attain. But this is not the case.
The truth is that another category of millionaire exists, with a lifestyle that is dramatically unlike what you may be expecting. These millionaires have managed to grow their own wealth—independently and in one generation—without financial windfalls or inheritances. However, they tend to be so below-the-radar, so at odds with society’s expectations of what wealthy people are like, that most of us do not even realize they exist. Yet they’re everywhere: sitting at the table beside you in a restaurant, queuing behind you in the grocery store. They might even be living next door to you.
The Millionaire Next Door shares the habits, attitudes,