The Millionaire Next Door by Thomas J. Stanley and William D. Danko. The authors set out to find out who the wealthy are. They spent 20 years interviewing millionaires. And in most cases, they are not who you think they are. That guy with the expensive car, and big house may not be as wealthy as you think. There is a good chance that he doesn’t actually have much in the way acculated wealth. He may be in debt up to his eyeballs. It could however be the guy driving the plain car and living an average size house that actually has the ten million dollar bank account. This book will tell you who the rich are and who they are not. This book will tell you habits of the wealthy and how they got to be that way. If you model your habits after some of these people, it will go a long way to helping you to become rich.
How can you join the ranks of America’s wealthy (defined as people whose net worth is over one million dollars)? It’s easy, say doctors Stanley and Danko, who have spent the last 20 years interviewing members of this elite club: you just have to follow seven simple rules. The first rule is, always live well below your means. The last rule is, choose your occupation wisely. You’ll have to buy the book to find out the other five. It’s only fair. The authors’ conclusions are commonsensical. But, as they point out, their prescription often flies in the face of what we think wealthy people should do. There are no pop stars or athletes in this book, but plenty of wall-board manufacturers–particularly ones who take cheap, infrequent vacations! Stanley and Danko mercilessly show how wealth takes sacrifice, discipline, and hard work, qualities that are positively discouraged by our high-consumption society. "You aren’t what you drive," admonish the authors. Somewhere, Benjamin Franklin is smiling.