The Millionaire Next Door: The Surprising Secrets of America's Rich
Summary
Uncovers the surprising secrets behind how ordinary Americans accumulate wealth, challenging common perceptions about who becomes wealthy and how.
Description
Who are the rich in this country? What do they do? How do they invest? How did they get rich? Can you ever become one of them? Get the answers in The Millionaire Next Door , the never-before-told story about wealth in America. You'll be surprised by what you find out. Read more
Level
Generally considered readable and easy to understand, low to moderate difficulty, some found statistical content extensive.
Core Concepts
• Frugality
• saving and investing
• wealth (net worth vs. income)
• discipline
• budget planning.
Skills You'll Develop
Financial awareness, budgeting skills, goal setting, financial discipline.
Relevance to Finance Areas
• Personal finance
• wealth management
• financial planning
• investment strategies
• behavioral finance.
Real-World Application
Strong real-world application, many readers reported making positive changes to spending habits, uses case studies.