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Side note, Stanley was driving a corvette Also his stock series is free on his website with all the same info available. save. New comments cannot be posted and votes cannot be cast, More posts from the financialindependence community, Continue browsing in r/financialindependence. Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time. All I had to do was spend much less than I earned and be wise about what I did with the excess. A Millionaire Next Door bike ride: Cheaper than Disney World, and less crowded. I remember reading this book about a decade ago, when I was just starting out as a teacher and thought: 2 1 12. The Millionaire Next Door is not a social media influencer, movie star, sports star, or celebrity. Most millionaires achieved their money through strategic financial planning, saving, understanding the markets they transact in, and prudent investing. To better understand Stanley and Dankos wealth accumulation formula, also known as the millionaire next door formula, lets first explain the basic premise of their book. hide. I completely agree with this suggestion and recommend it to everyone. The first book review EVER posted on this website and I could not think of a better book to begin with. I like it, although I did feel the book gets a bit redundant. As one millionaire woman trained as an engineer told me, After college my husband (also an engineer) and I both got good jobs. While the manager's back was turned, the drunk ran to his car, got in and peeled out. I remember reading it and thinking "this can't be right, where is the research to back this up?". Millionaires Next Door Educate Themselves. The Millionaire Next Door: The Surprising Secrets of Americas Wealthy. The core message of the book is that if you want to have a high net worth, you should spend less money. Looks like you're using new Reddit on an old browser. report. The NEXT Millionaire Next Door -- many references to this community I'm through the preface and about 20 pages so far, and I'm certain that this book will be a great read for the community. 25 most popular books on TwoChromosomes (2019 Update) (25) Most popular programming books on Reddit (2017) (55) 25 most mentioned books on TwoChromosomes that will show you what books do ladies I do recall being a bit frustrated by the lack of practical, actionable advice, but that's not what the book is. Apparently the writer was an academic or something which might explain why it is written in such a dry and formulaic way. Posted by 2 years ago. report. It is a lifestyle that takes a daily conscious effort, but will reward you. Compte rendu d'une tude ralise dans les annes 90 sur plusieurs milliers de millionaires les fameux 1% dont on parle souvent ce livre intriguant, provocateur et parfois trs drle nous permet de nous glisser dans la peau d'un millionaire le temps de quelques pages. I would highly recommend The Richest Man in Babylon. The Millionaire Next Door mentions that often times this means they follow the money and are often selling products and services TO the wealthy! When I read TMND it was exactly what I needed. I remember price of most expensive watch being something they looked at. All I had to do was spend much less than I earned and be wise about what I did with the excess. JL Collins is a good one, so is Aaron Clarey. I say this as someone who in my circle is seen as super frugal and I save about 50% of my income on about $55k. I always have read how it's an inspiring book but after reading a few chapters it sounded terribly uninspiring to me. The book is great and points out how living within your means is crucial to a strong financial future. $1M NW is enough for a below-average income in retirement. That's how many books are. Il reprsente ce titre une trs intressante tude socio-psychologique du millionnaire amricain. "Down on his luck guy took a huge gamble with his last $10 and it paid off and now he's filthy rich" is the kid of story they make movies about - because it helps make anyone think that they're just one big break away from being rich and having all their problems go away. Thomas J. Stanleya t professeur de marketing au sein de plusieurs univers That is a good book. Close. This thread is archived. The book is a follow-up to her fathers 1996 best-seller, The Millionaire Next Door: Surprising Secrets of Americas Wealthy. 91% Upvoted. Steven Levitt of freakonomics says he rarely finishes books for this reason. 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