#1697
Mentioned in 70 episodes

The millionaire next door

Book • 1996
The book challenges the common perception that millionaires live in affluent neighborhoods and instead shows that many wealthy individuals live modestly in middle-class and blue-collar areas.

The authors identify seven common traits among these millionaires, including being dedicated to a vision, making appropriate career decisions, valuing financial security over social standing, and efficiently spending time and money.

The book also distinguishes between 'Under Accumulators of Wealth' (UAWs) and 'Prodigious Accumulators of Wealth' (PAWs), emphasizing the differences in their spending and saving habits.

Mentioned by

Mentioned in 70 episodes

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Mentioned by Brian Feroldi when discussing the 'age times income over 10' rule.
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Mentioned by Paula Pant while discussing the book's findings on the prevalence of 'boring' businesses among millionaires.
68 snips
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Mentioned by Clay Finck and critiqued for its flaws in methodology.
52 snips
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Mentioned by Michael Batnick as one of the first personal finance books he read.
48 snips
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Recommended by Adam Schafer for those in their early 20s to learn about fiscal responsibility and building good money habits.
44 snips
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Mentioned by Brian Preston when discussing how he discovered the power of discipline.
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Mentioned by Scott Trench as a book detailing millionaires in boring businesses.
41 snips
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Reading it shifted Dave and his wife's perspective on what a millionaire truly looks like.
32 snips
The Proven Path to Financial Independence in Your 40s
Mentioned by Toby Newbatt as an interesting book about how millionaires in America made their money.
29 snips
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Mentioned by Scott Trench when discussing how the top 1% invest their money.
24 snips
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Mentioned by George as one of the sacred texts of finance.
21 snips
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Mentioned by Jennifer and Sam Parr when discussing their shared understanding of financial principles and wealth-building strategies.
20 snips
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