#176

Mentioned in 74 episodes

The millionaire next door

Book • 1996

William D. Danko

Thomas J. Stanley

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

Carilu Dietrich

Michael Batnick

Mentioned in 74 episodes

Mentioned by

Carilu Dietrich

as a book about the profitability of different industries.

How to achieve hypergrowth in your business and career | Carilu Dietrich (Atlassian, Miro, Segment, 1Password)

Mentioned by Stephen Dubner as one of the books analyzed in

James Choi

's paper comparing popular personal finance advice to economic theory.

518. Are Personal Finance Gurus Giving You Bad Advice?

Mentioned by

Sam Dogen

as a book that inspired him to write a modern version of it.

Becoming a Crypto Millionaire with Sam Dogen

Mentioned by

Robert Brokamp

as a book that faded a little bit but contains important lessons on building financial wealth.

Sahil Bloom, The 5 Types of Wealth

Mentioned by

Brian Feroldi

when discussing the 'age times income over 10' rule.

25 Money Rules (and When to Break Them) with Brian Feroldi

Mentioned by

Adam Schafer

as a great read that breaks down the top five professions that are multimillionaires.

2589: Five Ways Real Food Makes You Lean & Healthy & More (Listener Live Coaching)

Mentioned by

paula pant

while discussing the book's findings on the prevalence of 'boring' businesses among millionaires.

Codie Sanchez: From Wall Street to Washing Machines

Mentioned by

Clay Finck

and critiqued for its flaws in methodology.

TIP609: Fooled by Randomness by Nassim Taleb

Mentioned by

Michael Batnick

as one of the first personal finance books he read.

Is Financial Education Working? (EP.413)

Mentioned by

Adam Taggart

in relation to frugality and wealth building.

All The Financial Advice You’ll Ever Need Can Fit On A Single Index Card? | Harold Pollack

Recommended by

Adam Schafer

as a book that helped him understand how to live below his means.

2528: The Most Underrated Hacks to Enhance the Fat Loss Effects of Walking (Listener Coaching)

Recommended by

Adam Schafer

for those in their early 20s to learn about fiscal responsibility and building good money habits.

2488: If You’re Not Building Muscle, This is Why (Listener Coaching)

Mentioned by

Brian Preston

when discussing how he discovered the power of discipline.

The 3 Tools That Actually Build Wealth

Mentioned by

Scott Trench

as a book detailing millionaires in boring businesses.

How to FIRE Without Investing in Real Estate

Reading it shifted Dave and his wife's perspective on what a millionaire truly looks like.

The Proven Path to Financial Independence in Your 40s

Mentioned by

Joshua Sheets

when trying to synthesize different perspectives.

1100-Investing Into People, Not Money: Patronage Roundtable with Greg Treat

Mentioned by

Toby Newbatt

as an interesting book about how millionaires in America made their money.

The investing advice I wish I knew earlier - Toby Newbatt

Mentioned by

Scott Trench

when discussing how the top 1% invest their money.

How the Top 1% Invest (and How Do YOU Compare?)

Mentioned by George as one of the sacred texts of finance.

Q&A: Remember When Money Advice Came From Just One Book at the Library?

Mentioned by Jennifer and

Sam Parr

when discussing their shared understanding of financial principles and wealth-building strategies.

Be Careful Who You Choose to Spend the Rest of Your Money With

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