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On the contrary, they reject a hedonistic lifestyle and excessive spending. Millionaires do not usually become rich through inheritance or graduation from a famous university and do not live in posh neighborhoods. The millionaire next door summary Chapter 1: Meet the millionaire next door Portrait of a millionaire Far from prejudice and sensationalism, this book is probably the most comprehensive study ever made on the subject. You’ll find out what professions have helped them become and stay rich. With statistics to back it up, it offers an intimate glimpse into their lives: what car they drive, how much they spent on a pair of shoes, a watch, and so on.
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You will see that most millionaires are ordinary people just like us!īased on studies conducted among American millionaires, it analyzes their buying behavior and their ways of spending, saving and investing. You will see that a financially prosperous life is not the prerogative of the elite, meaning that it’s not a right they have because of their social position. In this book, you’ll discover all the secrets of the rich.
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The surprising secrets of America’s wealthy by Thomas J.
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Thus, they apparently know how to live on a fireman's and secretary's income and still save and invest a good bit. Bobbins have been able to accumulate an above-average amount of net worth. But he is worth much more than others in his income/age category. Bobbins should have a net worth of approximately $225,500. They have a combined annual income of $55,000. Charles Bobbins is a forty-one-year-old fireman. "You may ask: How can someone be considered wealthy if, for example, he is worth only $460,000? After all, he's not a millionaire.