![]() ![]() This is the typical profile of a wealthy, financially independent person from the study: ![]() The authors identify a “millionaire” as someone who owns significant assets (including cash, investments, appreciable assets), with a net worth of at least US$1 million.Ĭontrary to popular belief, the process of accumulating wealth is not a flashy, rapid process, but a slow one that takes years. However, a lavish lifestyle is merely a sign of high expenses and not necessarily wealth. ![]() Most people define wealth as having plenty of material possessions. Do get a copy of our complete book summary bundle or read the book for more details! In this summary, we’ll share the key ideas from the book. In The Millionaire Next Door, Stanley and Danko present the surprising findings (based on 20 years of research) of how the majority of self-made millionaires truly live and build their wealth. Many people dream of becoming millionaires and enjoying a lavish lifestyle. ![]()
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