The Millionaire Next Door by Thomas J. Stanley | They Don’t Look Rich… But They Are 💰

The Millionaire Next Door summary will show you who the real millionaires are, what their habits are and most importantly, how you can do the same as them to improve your financial journey! When you think of a "millionaire" you probably imagine a flashy lifestyle, luxurious mansion, sports cars and maybe even a yacht. But, the reality is a bit different. The average household that has a net worth of a million and above is much more "normal" than you think of. These are regular people who put in the work over time, made sounds financial decisions and are now reaping the benefits. Thomas Stanley shares his best research and findings on who the millionaires are and how they got that way, in his best-selling book "The Millionaire Next Door - The Surprising Secrets of America's Wealthy". With the help of this video summary, in just a few minutes, you'll be able to understand the millionaire habits and most importantly, how to implement them in your life. Not to mention, the video is completely FREE, while you'll have to spend a few bucks to get your own copy of The Millionaire Next Door book ;) The best course of action is the this - watch this The Millionaire Next Door summary and learn about the best tactics and mindsets of financial success. Apply these tactics to your life and to your finances. If you are happy with the results (as you most likely will be), head over to Amazon or to your favorite bookstore and get yourself a copy of Stanley's actual book. This way you dig deeper into these teachings only once you have proven they can work for YOU. There are no cookie cutter solutions, there is only things that work or don't work FOR YOU! This Millionaire Next Door gives you, not only what the book is about, but how to actually apply it. Because, let's be honest, you can read the book, or listen to the Millionaire Next Door audiobook... BUT unless you start applying what you've learned, nothing will change in your personal and professional life (isn't that always the case?!) Watch this animated summary, take action, apply the tactics to your life and you'll see dramatic results. I had the intention initially to do a The Millionaire Next Door summary PDF, but honestly, an animated video review is so much more fun to create, and consume. Plus, this summary will give you a more wholesome understanding of the book, instead of breaking it down by Chapter 1, Chapter 2, Chapter 3 and so on. Think of this video as the best Millionaire Next Door key points, lessons and examples - explained in an an animated format :) The Millionaire Next Door: The Surprising Secrets of America's Wealthy is a 1996 book by Thomas J. Stanley and William D. Danko. This book is a compilation of research done by the two authors in the profiles of 'millionaires'. In the beginning of the book, the authors want to study millionaires, so they go to upscale neighborhoods; however, upon interviewing people, they discovered that these people who lived in high income neighborhoods did not have high wealth. Income and wealth are not always correlated. Wealth Is What You Accumulate, Not What You Spend Great Offense + Poor Defense = Under Accumulation of Wealth The reason that income and wealth are not correlated is because wealth has to do with what you accumulate, not what you spend. And if you spend all your money one stuff, you have no money left over to put towards wealth building. The Millionaire Next Door: The Surprising Secrets of America's Wealthy is a 1996 book by Thomas J. Stanley and William D. Danko. This book is a compilation of research done by the two authors in the profiles of 'millionaires'. The authors compare the behaviour of those they call UAWs and those who are PAWs. Frist, becoming a millionaire is a result of hard work, lifestyle decisions, planning and self-discipline, not inheritance or luck. Despite high income earners not always having wealth, a high income does not harm you in your wealth building. It's poor defense, and choosing to live above your means that makes you under accumulate wealth. When the authors began to talk to actual millionaires, they discovered one trait in common with millionaires and it was, "Frugality." They discovered that millionaires were very cautious with how they spend their money and did not waste anything. 0:00 - Intro 0:05 - They Prioritize Financial Independence 0:20 - They Live Frugally 0:35 - They Drive Reasonable Cars 0:48 - They Buy Modest Homes 1:00 - They’re Self-Made Planners 1:15 - The Truth: Ordinary People, Extraordinary Wealth #millionairenextdoor #personalfinance #investing #TheMillionaireNextDoor #ThomasJStanley #ReadersBooksClub #BookSummary #BookSummaryinenglish #BookReview #SelfHelpBooks #investing #personalfinance #millionairenextdoor #BookSummary #BookReview