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Sarah Stanley Fallaw - The Psychology of the Millionaire Next Door | #481

The Meb Faber Show - Better Investing

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The Next Millionaire Next Door

The original Millionaire Next Door came out in 1996, and the latest one was published this year. The book's thesis is that those who are wealthy don't show off their wealth; they're building it over time. It also captures seven different traits of the wealthy: frugal, conscientious, saving a significant portion of your income, making plans to follow through on them. "Those characteristics are timeless," says author David Perry.

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