The Millionaire Next Door Book Summary
Let’s be honest, we are all interested in the rich, how did they get rich, what’s their secret and what do they do with their money?
We all want to know how we can achieve even just a portion of their wealth. In The Millionaire Next Door authors Thomas Stanley & William D. Danko examine the common characteristics of millionaires. They debunk the myths and provide a detailed perspective of what a real millionaire looks like.
Firstly, this summary will explain what Stanley & Danko consider to make a millionaire, just how much money do they really have? Then we’ll move on to examine just how frugal millionaires have to be, how they plan their time and how to spend their money. Next, we’ll take a look at the vehicles a millionaire drives, is the stereotype of owning a flash sports car accurate? The second part of this summary will assess family life, whats gifting like for the wealthy, and how to wealthy parents raise their children? Finally, this summary will examine the working world, what careers bring in the most money and the difference between someone who earns their wealth and someone who was born with it.
