Sunday, April 22, 2007

Success Secrets - The Millionaire Next Door

Here is a link to a terrific interview with Thomas Stanley, author of The Millionaire Next Door and The Millionaire Mind. He and his partner spent over 20 years researching people with a net worth over 1,000,000 dollars. His answers about how they did it were surprising.

They owned businesses they loved, and they loved saving, investing, and putting money back in the business far more than fancy cars, clothes and houses.

The millionaires he studied lived in very reasonably priced houses. They drove American cars. They lived in average neighborhoods.

Stanley also mentions that millionaires accumulate their wealth over decades, and that most of us could achieve millionaire status with just a little bit of saving , investing, and focus, allowing time to work in our favor.

The interview is well worth reading as are the books.


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