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The millionaire next door is one of them. The book The Millionaire Next Door is written by Thomas J. Stanley and William D. Danko. I am working my way through 'I Will Teach You To Be Rich' by Ramit Sethi. I've been seeing a lot of rave reviews about the book, The Millionaire Next Door. This blew my mind because I thought I was an idiot for not wanting to finish books. Book Categories. We have lived in the same modest 1,900-square-foot home for twenty years…. My Most Recent Read: The Millionaire Next Door. Last but not least, a common denominator among the many interviews and studies of millionaires in America is that they choose a profession where the ability to make money is apparent. (I am by no means trying to disparage my parents or my otherwise exceptionally privileged upbringing, just making an observation about how money was treated growing up.) How do you feel about The Millionaire Next Door? 91% Upvoted. I read this book when I was first figuring out how to invest in my retirement account, which means I was 30 years old at the time. I agree. If you start noticing a book doing just listing examples, be glad you got the point and stop reading. Prior to that I had read tons of awful advice in other books with a "how to get rich" kind of theme. Log In Sign Up. Looks like you're using new Reddit on an old browser. (The book … Press J to jump to the feed. A couple months ago I saw that this book recommended in the comment section on a post here and it was described as a must read. It amazes me that it has taken me THIS long to read the book, but I guess it is better late than never, right? It creates a much more realistic view of a person’s financial state throughout their life than the original, particularly for younger people. JL Collins is a good one, so is Aaron Clarey. The Stock Series are all anyone really needs to read if they're interested in investing. All I had to do was spend much less than I earned and be wise about what I did with the excess. The 1996 classic, The Millionaire Next Door is the result of Stanley’s survey of thousands of households from affluent zip codes around the country. They buy cars like ford trucks that will help them generate income with their business, or they buy cars like Lexus (and Toyota) because they are so reliable and will likely stretch their dollar much much further. A guy that spends 20-30 years living below his means while still having a reasonably comfortable life and is able to retire in his 40s or 50s without a glamorous playboy life but without any huge financial struggles isn't a sexy story and to some degree can really push down on people in their middle ages that they may be permanently burdened by bad financial situations they've already made.

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