Wednesday, May 12, 2010
The Millionaire Next Door Book Review -- Grade: A
I read The Millionaire Next Door about a week ago, and I loved it. I expected some great secret to success, but I was relieved to see that the biggest difference between those who have wealth and those who don't is less a matter of a large paycheck and more a matter or saving and investing what one has. The author talks about the difficulty those who do make a big paycheck may have because of expectations on them to spend. That's why a doctor may make a lot but may not have a lot of wealth. After reading this book, we upped our retirement savings by a third and decided it was time to start looking into other ways to invest. The more I read about finances, the more I am willing to make sacrificies. That is one thing the author says many people in our country need to learn how to do. A lot of people make money now, but not a lot of them sacrifice now for wealth and security in the future. This book is an easy read. Give it a shot!
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