Cover via Open Library
Matt's pick · not sponsored
The Millionaire Next Door
- wealth
- frugality
- saving
- millionaires
- personal finance
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Why I'd hand it to you
Stanley and Danko surveyed actual millionaires and found that most of them don't look rich. They live in ordinary houses, drive older cars and spend well below their income. The lesson is old-fashioned and useful: wealth usually comes from steady saving and avoiding lifestyle creep, not a big salary. It is a good reality check in a world of flashy spending. Keep in mind the research comes from the 1990s, so costs, careers and investing options look different now, and the writing leans heavily on statistics, which makes parts of it dry. The core message has aged better than the numbers.
— Matt Jordan
Quick summary
- Book
- The Millionaire Next Door by Thomas J. Stanley, William D. Danko
- Who it's for
- Savers and families who want a reality check about what wealth actually looks like, and who can look past 1990s numbers.
- Key topics
- How everyday millionaires live
- Frugality and saving
- Avoiding lifestyle creep
- Personal finance
- Shelves
- Economics, Business
