More things about millionaires' thinking

The book “The Millionaire Next Door” by Thomas Stanley and William Danko is a great read.  The basic theme of the book is that average people who are millionaires are the ones that live right next door to us, and without any of us knowing about it. The author describes that there are people who are millionaires, and then there are those people who act like millionaires. I read an interview with him a few months back where he discussed some common elements of the millionaire next door:

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How To Think Like A Millionaire

wuha wuha - 9 months ago

1. The millionaire next door keeps track of their spending. 

2. The millionaire next door doesn’t try to impress people by buying expensive items and basically leads a thrifty life. 

3. The next door millionaire is happy. 

4. The millionaire next door does not spend all their money on cars.

5. The millionaire next door does not try to keep up with the Jones, the Smiths, or anyone else.

via notmadeofmoney

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How Wealthy People Think About Money

wuha wuha - 9 months ago
  1. Wealthy people believe, “I create my life.” Poor people believe.
  2. Wealthy people play the money game to win. 
  3. Wealthy people are committed to being rich. 
  4. Wealthy people think big. 
  5. Wealthy people focus on opportunities. 
  6. Wealthy people admire other rich and successful people. 
  7. Wealthy people associate with positive, successful people. 
  8. Wealthy people are willing to promote themselves and their value. 
  9. Wealthy people are bigger than their problems. 
  10. Wealthy people are excellent receivers. 
  11. Wealthy people choose to get paid based on results. 
  12. Wealthy people think “both”. 
  13. Wealthy people focus on their net worth. 
  14. Wealthy people manage their money well. 
  15. Wealthy people have their money work hard for them. 
  16. Wealthy people act in spite of fear. 
  17. Wealthy people constantly learn and grow.

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10 Things Millionaires Won't Tell You

wuha wuha - 9 months ago

 

 

1. "You may think I'm rich, but I don't."

2. "I shop at Wal-Mart..."

3. "...but I didn't get rich by skimping on lattes."

4. "I have a concierge for everything."

5. "You don't get rich by being nice."

6. "Taxes are for little people."

7. "I was a B student."

8. "Like my Ferrari? It's a rental."

9. "Turns out money can buy happiness."

10. "You worry about the Joneses — I worry about keeping up with the Trumps." 

via smartmoney