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Millionaire Next Door Free Essay, Term Paper and Book Report

Dr. Thomas J. Stanley wrote 'The Millionaire Next Door' after doing extensive research in gathering statistics and case studies of today's millionaires in America. He immediately addresses the culture's false view of a millionaire. There is a great difference in being rich and being wealthy in today's society. The research Dr. Stanly has done gives seven common denominators among those who have successfully accumulated large amounts of wealth. The statement that outlines the course of the book is "sacrifice high consumption today for financial independence tomorrow." Application: After reading this book, I now have a different outlook on how to be successful with my finances. Just because a person earns a high pay salary does not necessarily mean that they are wealthy. The amount of money a person stores and invests is what truly measures that person's wealth. Millionaires are not the high-spending, self-consumed people that we tend to imagine. To become wealthy, one must become frugal. Being frugal is the cornerstone of long-term wealth. The road to becoming wealthy ......

Word Count: 945
Page Count: 3.7  (250 words a page / double spaced)

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