Wednesday, July 12, 2017

Fantastic Book - The Millionaire Next Door

                                   "A big part of financial freedom is having your heart
                                and your mind free from worry about the what-ifs of life."
                                                             - Suze Orman

                                   "Too many people spend money that haven't earned,
                                                     to buy things they don't want,
                                                 to impress people they don't like."
                                                               - Will smith

Here is a fantastic book.....
The Millionaire Next Thomas J. Stanley and William D. Danko

You must read it!
It is filled with fantastic insight on wealth in America and it lets you know that nearly anybody with a steady job can accumulate financial independence in their life.

Who are the rich in this country?
What do they do?
Where do they shop?
What do they drive?
How do they invest?
Where did their ancestors come from?
How did they get rich?
Can I become one of them?

The Seven Factors

Who becomes wealthy? Usually the wealthy individual is a business-man who has lived in the same town for all of his adult life. This person owns a small factory, a chain of stores, or a service company. He has married once and remains married. He lives next door to people with a fraction of his health. He is compulsive saver and investor. And he has made his money on his own. Eighty percent of America's millionaires are first-generation rich.
Affluent people typically follow a lifestyle conclusive to accumulating money.
In the course of our investigations, we discovered seven common denominators among those who successfully built wealth.

1. They live below their means.

2. They allocate their time, their energy, and money efficiently, in ways conductive to building wealth.

3. They believe that financial independence is more important than displaying high social status.

4. Their parents did not provide economic outpatient care.

5. Their adult children are economically self-sufficient.

6. They are proficient in targeting market opportunities.

7. They choose the right occupation.

In The Millionaire Next Door, you will study these seven characteristics of the wealthy. We hope you will learn how to develop them in yourself.

From the book.....The Millionaire Next Door

Maybe you are living next door to a millionaire right now?

                                         Karin Glannstam - Personal Success Coach

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