This work offers a summary of the book "THE MILLIONAIRE NEXT DOOR: The Surprising Secrets of America's Wealth" by Thomas J. Stanley and William D. Danko.
In The Millionaire Next Door, doctors Thomas J. Stanley and William D. Danko reveal how to join the ranks of America's wealthy.
Historically, people have tended to assume the keys to accumulating wealth in the United States were: 1. To inherit it from successful parents or relatives; 2.
To earn advanced degrees at the best universities and 3. To be smarter or more intelligent than competitors. However, as Stanley and Danko explain in this book, a 20-year study of a group of more than 1, 000 real-world millionaires found the keys to building high net worth in the United States were more likely to be fiscal discipline, sacrifice and solid work. According to Stanldy and Danko, anyone who wants to actually achieve financial independence can use this information to realign their lifestyle to incorporate these same keys.
The Millionaire Next Door is an entertaining book which changes people's lives and increases their net worth.