The Millionaire Next Door by Thomas J. Stanley and William D. Danko- Business,Personal Finance,Marketing & Investing Ebooks

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The Millionaire Next Door shows you the simple spending and saving habits that lead to more cash in the bank than most people earn in their life while helping you avoid critical mistakes on your way to financial independence.

The book is presented mainly through examples and excerpts of the authors’ numerous interviews and surveys, giving the reader good insights into how the first-generation self-made millionaires think and make their decisions. The book also includes numerous tables and statistics, breaking down the income and expenditure amounts, time allocation, mean earnings, types of businesses, etc. associated with the millionaires studied.

7 Lessons Learned From The Millionaire Next Door:

1.They live well below their means.
2.They allocate their time, energy and money efficiently, in ways conducive to building wealth.
3.They believe that financial independence is more important than displaying high social status.
4.Their parents did not provide economic outpatient care.
5.Their adult children are economically self-sufficient.
6.They are proficient in targeting market opportunities.
7.They chose the right occupation.

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