Even in the midst of a recession, the paychecks of most Americans rank us among the wealthiest people on earth.
Yet most of us never accumulate any substantial wealth, and even worse, are just one or two paychecks away from financial disaster.
Shockingly, even the vast majority of households with incomes of more than $100,000 a year have little accumulated wealth!
The explanation for this apparent paradox is simple: Most of us have forgotten the virtues of savings and frugality that have made the United States the envy of the world.
To become wealthy and secure, most of us don't need to increase our income; instead, we need to learn how to manage the money we have better.
The payoff: Just by changing your habits, you can become truly wealthy and never have to worry about how you are going to pay your bills or what happens if you get laid off.
The Millionaire Next Door
The first step in becoming wealthy and financially secure is to realize that most of what everyone "knows" about the rich is dead wrong. As you'll learn in The Millionaire Next Door:
Most of the wealthy don't drive expensive cars, wear expensive clothes, or spend lots of money on expensive meals or vacations.
Most of the wealthy did not inherit their money.
Most of the wealthy live in middle-class neighborhoods but have at least six times the accumulated wealth of their neighbors.
So how did the wealthy accumulate their fortunes? The Millionaire Next Door explains step-by-step, in clear language that anyone can follow.
More Than a Study of the Wealthy, The Millionaire Next Door Is a Step-By-Step Guide to Becoming Wealthy
As the recession forces millions of Americans to reevaluate their spending and priorities, there is no better guide to frugality, prudence, and intelligent living than The Millionaire Next Door.
Here is just some of what you will learn in this wonderful book:
The crucial difference between looking wealthy and actually being wealthy.
UAWs vs. PAWs: Under-Accumulators of Wealth vs. Prodigious Accumulators of Wealth.
How millionaires with mundane businesses accumulate their wealth.
Why you must keep track of your spending if you hope to become wealthy.
How to set daily, weekly, monthly, annual, and lifetime financial goals.
Virtually every page of The Millionaire Next Door is brimming with important life lessons, which we all should learn and heed. This book is simply a must-read for anyone serious about becoming wealthy and financially secure.
The Millionaire Next Door is a great way to get on the path to true wealth, but it just scratches the surface of the hundreds of ways to cut your expenses and pinch pennies.