Monday, May 03, 2010
The Millionaire Next Door (Book Review)
The conclusions are simple and straightforward but go against some of our preconceptions that millionaires spend money lavishly. They are, simply, that millionaires, on average, spend less money than they earn, they live below their means, they save, and they are likely to spend more on their childrens' education than their non-millionaire counterparts.
Though almost fifteen years old now, I still recommend The Millionaire Next Door for anyone in interested in learning the simple, but plain and boring, tactics used by many people to amass fortunes over time.