EAN: 9781493052752

THE NEXT MILLIONAIRE NEXT DOOR - THOMAS J STANL...

Over the past 40 years  Tom Stanley and his daughter Sarah Stanley Fallaw have been involved in
research examining how self-made  economically successful Americans became that way. Despite
the publication of The Millionaire Next Door  The Millionaire Mind  and others  myths about
wealth in American still abound. Government officials  journalists  and many American still
tend to confuse income with wealth. A new generation of household financial managers are
hearing from so-called experts in personal financial management due to the proliferation of the
cottage industry of financial blogs  podcasts  and the like. In many cases  these outlets are
simply experiences shared without science  case studies without data based on broader
populations. Therefore  the authors decided to take another look at millionaires in the United
States to examine what changes could be seen 20 years after the original publication of The
Millionaire Next Door. In this book the authors highlight how specific decisions  behaviors 
and characteristics align with the discipline of wealth building  covering areas such as
consumption  budgeting  careers  investing  and financial management in general. They include
results from quantitative studies of wealth as well as case studies of individuals who have
been successful in building wealth. They discuss general paths to building wealth on your own 
focusing specifically on careers and lifestyles associated with each path  and what it takes to
be successful in each.

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