Millionaire Next Door

Everyone always dreams of being wealthy. For this assignment, I chose to read The Millionaire Next Door, written by Dr. Thomas J. Stanley. Stanley adds prologue dealing with the 21st century. This book is compressed with secrets and the hidden of the wealthy in America. Staley and his coauthor Dr. William Danko investigate the wealthy in our society and release their tips and share their view on how to achieve wealth. One thing I like about this book is how the authors demonstrate wealth as what one accumulates not what one spends. They also share that most wealthy people do not live in luminous upscale houses and neighborhoods, instead live in middle class. Wealthy people tend to live in middle class areas to save their money, even though they can afford to live in upper class areas. Living middle class saves money they can invest. Another thing I like about this book, it describes an average millionaire. The book depicts a millionaire as a male in his fifties, have been married to the same woman, and lives in middle class neighborhoods. Although one thing I do not like is how these millionaire’s in American pay an income tax of 2%, while an average American household pays around 10% in income tax. I believe the income taxes should be more equal and that one with extreme wealth and income should not pay a lower income tax than those that

They describe your time and energy as the most important mechanism to become wealthy, all benefitting their net worth. The millionaires the authors investigated, 2/3 spend between forty-five to fifty-five hours a week working, enough to be able to not need to work more than ten years. Most of their jobs consist of being welders, farmers, or some type of