![]() NET WORTH & WEALTH ACCUMULATION BEHAVIOURS He lives next door to people with a fraction of his wealth. This person owns a small factory, a chain of stores, or a service company. “(He is) a businessman who has lived in the same town for all of his adult life. This is the typical profile of a wealthy, financially independent person from the study: Defining WealthĬontrary to popular belief, the process of accumulating wealth is not a flashy, rapid process, but a slow one that takes years. The authors identify a “millionaire” as someone who owns significant assets (including cash, investments, appreciable assets), with a net worth of at least US$1 million. However, a lavish lifestyle is merely a sign of high expenses and not necessarily wealth. Most people define wealth as having plenty of material possessions. ![]() Do also check out our book summary bundle in pdf/mp3 infographic, text and audio formats! In this free version of The Millionaire Next Door, you’ll learn the key ideas from the book. ![]() In The Millionaire Next Door, Thomas Stanley and William Danko present the surprising findings (based on 20 years of research) of how the majority of self-made millionaires truly live and build their wealth. Many people dream of becoming millionaires and enjoying a lavish lifestyle. ![]()
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