Many of us have no idea about the actual inner workings of a wealthy household. Authors Thomas Stanley and William Danko, debunk the myths about the millionaire lifestyle, and give us a more accurate, yet surprising portrait of the average American millionaire. On the contrary, the typical American millionaire enjoys quite a modest life, in a middle-class suburb.
The majority of America’s wealthy don’t live the Hollywood high life, wear designer shades, and have garages full of fancy cars. The authors studied the profiles of the rich, and provide critical insights into achieving financial independence. The Millionaire Next Door, aims to dispel myths about the wealthier sector of society, and it reveals that many of us are misinformed about what it actually means to be rich. What do you imagine when you picture the lifestyle of the rich and the famous? Many of us are under the impression that millionaires are conspicuous consumers who purchase high-end designer items, and splash their cash with frivolous abandon.
