In this audiobook, 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. 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 many cases, these outlets are simply experiences shared without science and case studies without data based on broader populations. 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.
Government officials, journalists, and many Americans still tend to confuse income with wealth. The Millionaire Next Door reveals the common denominators that show up again and again among those who have accumulated wealth.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.ĭespite the publication of The Millionaire Next Door, The Millionaire Mind, and others, myths about wealth in America still abound.
Wealth in America is more often the result of hard work, diligent savings, and living below your means. It is seldom inheritance or advanced degrees or even intelligence that builds fortunes in this country. In The Millionaire Next Door, Thomas Stanley shattered the contemporary held beliefs about America’s rich and how they got that way.
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