Title: The Millionaire Next Door
Book Author: Thomas J. Stanley and William D. Danko
Summary: The Millionaire Next Door by Thomas J. Stanley and William D. Danko examines the habits and traits of affluent individuals in America.
Drawing from extensive research, the authors reveal that many millionaires live surprisingly modestly, often in ordinary neighborhoods, and practice frugality.
The book highlights key characteristics of wealthy people, such as living below their means, prioritizing savings and investments, and maintaining financial discipline.
It contrasts the lifestyles of the affluent with those of the non-wealthy, pointing out that outward displays of wealth can often be deceiving.
Stanley and Danko also emphasize the significance of entrepreneurship and self-employment as common routes to wealth, as well as the importance of financial education and planning.
The Millionaire Next Door provides valuable insights into how everyday individuals can build substantial wealth through smart financial decisions, challenging prevalent misconceptions about wealth and success.
Publisher: Taylor Trade Publishing
Genre: Business & Money
ISBN 10: 1630762504
ISBN 13: 978-1630762506
Year of Publication: Originally Published in 1996. Taylor Trade Publishing; Twentieth edition (October 1, 2016)
Date of Publication: October 1, 2016
Pages: 272
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