The Millionaire next Door – Thomas Stanley & William Danko.

DATE: FEB/2017

OUTLINE: How your neighbour may have become wealthy without being ostentatious

REVIEW:

Live below you means, Pay your self first, Save 15% of your pre tax wages – for invest them but do it first. Be frugal or thrifty and buy assets not consumer liabilities. Don’t give your kids loads of money you’re fucking up their financial futures, encourage their independence or they will become like spoilt little rich kids and they won’t retain wealth they will just spend it. Excellent chapters at the end highlight the ongoing ‘outpatient wealth care’ that is becoming more and more commonplace.

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