When I read this, it made me realize you're never too rich to save money. Well, to be more accurate, his wife clips coupons. I was shocked to hear that Warren Buffett, an investment tycoon and one of the richest men in the world, clips coupons. Some millionaires clip coupons like ordinary people Using that frugal mindset on small daily choices helps them naturally accumulate save more money in the long run. Price, while of course is considered, is not at the forefront. Millionaires in the book are often portrayed as weighing out depreciation of the item, the purpose and functionality it provides for their life, and the overall lifespan of the item. Notice, looking for the best value is inherently frugal, whereas looking for sales is not. Mark Zuckerberg wears t-shirts and jeans every day. Warren Buffett lives in the same house he originally bought when he married. When we look at even billionaires like Warren Buffett or Mark Zuckerberg, we typically don't see them in lavish cars, high end clothing, or fancy accessories. When you are able to save money on everyday living, you can use the money you saved to work for you. They know money is a tool, and the more they are able to save money, the more they can invest it and grow their wealth. They're not ashamed to be frugal in public because they know that frugality is the key to accumulating, keeping, and building wealth. Yes, frugality is prevalent among millionaires. Millionaires (and billionaires) are generally frugal It wasn't the amount of income that brought them wealth, it was their mindset of saving money and being consistent with their money habits that brought them to wealth. In fact, many of today's millionaires worked ordinary blue and white-collar jobs or had a small business.
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After reading this book, it was impossible to go about my life in the same way, change had to be made.
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Very few books resonate with me as much as " The Millionaire Next Door." It was one of the main catalysts for how I currently deal with money and practice frugality. It was originally published in 1996, and while it's been updated a few times since then, it's just as relevant today. It's an analysis of the everyday millionaires in America who aren't making headlines, diving deep into how they make, keep, and grow their money. That book was " The Millionaire Next Door," by Thomas J. By reading this book, I found myself with a completely new mindset, and as a result, my entire life started to evolve.
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Personally, the best money book I have ever read taught me about perspective.
THE MILLIONAIRE NEXT DOOR AUDIOBOOK SOUNDSCLOUD HOW TO
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