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Live in expensive homes and drive luxury cars           Do not actually have much wealth                                  ...
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The millionaire next door wealth - thomas stanley

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The millionaire next door wealth - thomas stanley

  1. 1. Live in expensive homes and drive luxury cars Do not actually have much wealth Many people who Have a great deal of wealth Do not even live in upscale neighborhoods Behavior reflecting economy in the use of resources Websters dictionary Not the same as income Lavish spending Wealth is Lifestyle marked by Wasteful Opposite of frugal What you accumulate, not what you spend Hyper-consumption Most people Have it all wrong about wealth in America To build wealth for the future Needs to reduce his spending Average American adult Make a good income each yearWay perceive this as a threat to his way of life If you You are not getting wealthier 1. Were your parents very frugal? Spend it all Affluent People You are just living high 2. Are you frugal? Tend to answer "yes" to Lifestyle of hard work 3. Is your spouse more frugal than you are? Perseverance I cant get my wife to spend any money! Self-made millionaire statement Result of Planning Will never become wealthy in one generation Self-discipline If they are married to people who are wasteful Most people Discipline Wealth One of its members is a hyperconsumer A couple cannot accumulate wealth if Building wealth takes Sacrifice Choice in foods The Millionaire Next Door - Wealth Hard work Beverages - Thomas Stanley Do you really want to become financially independent? Suits Some people judge others by their Are you and your family willing to reorient your lifestyle Ask yourself Watches to achieve this goal? Cars Many will likely conclude they are not The Illusion Of Wealth Have excellent tastes in consumer goods Superior people Time That denote superiority Energy It is easier to purchase products Than to be actually superior in economic achievement If you are willing to make the necessary trade-offs of Consumption habits Often has a predictable outcome Building wealth Pursuit of looking superior Allocating time and money in You can begin Inferior economic achievement Achieving financial independence Your age X your realized pretax annual household Determine Your Wealth income from all sources except inheritances / by 10 Ivan Staroversky - www.StarOverSky.com

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