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The millionaire next threshold in the millionaire next door, doctors thomas stanley and william danko interviewed real millionaires to get their insights on what IT took for them to get to that status.
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What did the millionaire do with their money?
As an example, most of the millionaires spent time planning their finances rather than shopping for luxury items or spending the wealth they had accumulated. It seems that wealthy people often earn much of their money by providing services or products to those with money to spend.
When was the millionaire next door by Thomas J Stanley published?
The Millionaire Next Door Summary. In Thomas J. Stanley’s case it was a drunk driver, who tried to cut him off in traffic, crashing into his Corvette (one of his few luxuries) and fatally injuring him at 71 years old. This book, which funnily made him and his co-author millionaires, was published in 1996 and has sold over 3 million copies to date.
What are the takeaways from the millionaire next door?
Stanley and Danko assert that millionaires frequently remind themselves that those who spend all their cash on high-priced luxury items often don’t have much wealth to their names. Related to the last takeaway, the authors found that the vast majority of millionaires didn’t spend a lot of money.
Who are the authors of the millionaire next door?
The Millionaire Next Door: The Surprising Secrets of America’s Wealthy is a famous book by Thomas Stanley and William Danko. In it, they interview many of America’s millionaires to determine what, if any, aspects of their decision-making or personalities played a part in their success.
Last Update: Oct 2021
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26.10.2021 03:40
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19.10.2021 09:45
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