The Millionaire Next Door - a Book by Thomas J. Stanley

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The Millionaire Next Door - a Book by Thomas J. Stanley is written by Kai Mithat and published by . It's available with International Standard Book Number or ISBN identification 1533585067 (ISBN 10) and 9781533585066 (ISBN 13).

This is a SHORTENED VERSION of the original book; to help you understand the book faster and better! The Millionaire Next Door: The Surprising Secrets of America's Wealthy (ISBN 0-671-01520-6) 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 this case they used the term 'millionaire' to denote U.S. households with net-worths exceeding one million dollars (USD). The authors compare the behaviour of those they call UAWs (Under Accumulators of Wealth) and those who are PAWs (Prodigious Accumulator of Wealth). Things that you will learn from this shorten edition: 1 UAWs versus PAWs 2 Main points 2.1 Spend less than you earn 2.2 Avoid buying status objects or leading a status lifestyle 2.3 PAWs are willing to take financial risk if it is worth the reward 2.4 Family and Generational Wealth 3 Spending tomorrow's cash today 3.1 "Better Than" theory 3.2 "Better Off" theory 3.3 Money: a renewable resource 4 Spending habits 4.1 Million dollar choices 4.2 Car shopping habits 4.3 Investing strategies 5 Educational and career choices 5.1 Correlation between income and wealth 6 Children of UAWs 6.1 Economic Outpatient Care 7 America: the ultimate UAW 8 Criticism And you will know more about 1) Why earning money is not enough to make a million dollar. 2) What people usually buys that prevent themselves to be a millionaire. 3) What mind prevents you to be millionaire.*Included Valuable quotes from the Book by Thomas