What did surprise me that the more cash handouts children get from their parents, the less wealth they will create later in life. This is reinforced by stories of people who have similar income, but very different net worth. Although it doesn’t surprise me, it really made the point that wealthy people are just smarter with their money than people who aren’t wealthy. This book talks mainly about self employed people but everyone with a decent household income living frugal and investing money can become a financially independent.Ī highly recommended read. People wanting to look rich will never accumulate any wealth since they are busy paying off debts. The bottom line is Millionaires and those wanting to become Millionaires live well below their means. It was very interesting, easy to understand and not boring at all. I very much enjoyed listening to this audio book. Most of the truly wealthy in this country don’t live in Beverly Hills or on Park Avenue-they live next door. In fact, you will learn that the flashy millionaires glamorized in the media represent only a tiny minority of America’s rich. You will learn, for example, that millionaires bargain shop for used cars, pay a tiny fraction of their wealth in income tax, raise children who are often unaware of their family’s wealth until they are adults, and, above all, reject the big-spending lifestyles most of us associate with rich people. The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. Wealth in America is more often the result of hard work, diligent savings, and living below your means than it is about inheritance, advance degrees, and even intelligence. According to the authors, most people have it all wrong about how you become wealthy in America. For nearly two decades the answer has been found in the bestselling The Millionaire Next Door: The Surprising Secrets of America’s Wealthy, reissued with a new foreword for the twenty-first century by Dr.
Often they are hard-working, well-educated middle- to high-income people. “Why aren’t I as wealthy as I should be?” Many people ask this question of themselves all the time. The Millionaire Next Door Audiobook Summary Genre: Non-fiction, Economics, Personal Finance, Business, Self Help.Literary Awards : Independent Publisher Book Award (IPPY) Nominee for Business (Finalist) (1997).Goodreads Link: The Millionaire Next Door by Thomas J.Book Title: The Millionaire Next Door Audiobook.The Millionaire Next Door Audiobook Free Download Details
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