The Millionaire Next Door - Deepstash
The Millionaire Next Door

The Millionaire Next Door

Thomas J. Stanley, William D. Danko

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Don’t drive your wealth.

Don’t drive your wealth.

What is the most popular car among millionaires? Toyota.

86% of luxury cars are purchased by non-millionaires.The way to wealth isn't driving the expensive car to look cool. It is actually buying assets with that money.

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146 reads

Income does not equal wealth.

Income does not equal wealth.

While having a higher income helps with wealth building... what really matters is how much of the income is invested.

Someone who makes $250k but spends $260k is slowly falling behind someone who makes $70k, spends $50k & invests $20k!

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Love the spouse you’re with.

Love the spouse you’re with.

The majority of wealthy people are married and stay married to the same person (according to the book). Marriage shouldn’t be just about money, though.

“A couple cannot accumulate wealth if one of its members is a hyper-consumer”.

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Invest in yourself.

Stocks are great, but you are greater.

The best return you will see in the return from investing into your education, health, relationships... YOU!

Continuously be a student of life & never stop learning.

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