Saturday, November 10, 2007

The Millionaire Next Door

The Millionaire Next Door, Thomas J. Stanley and William D. Danko

This is a must read for ANYONE who wants to become wealthy.  It has been revised many times and I recommend you buy the most current revision, with the most current stats.

Dr. Stanley presents an amazing image of today's American millionaire - usually a self-made businessperson wearing target polos and levis, driving a F-150 with a car seat in the back, living in a decent 10-15 year old home, with loads of cash in a well-diversified portfolio.  In short, you wouldn't recognize the millionaire if you saw them! 

He explains extremely critical terms such as "Prodigious Accumulator of Wealth", "Under-Accumulator of Wealth", and "Economic Outpatient Care".  He sets the boundaries of what it takes to be truly wealthy and challenges the readers to become wealthy as well.

This is an excellent, easy read that will keep you up at nights afterwards worrying about all of your friends who "look" like millionaires and how you can help them wake up out of their coma!

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