Guys, I can’t help myself; I love this book. I love the foundation it teaches and I genuinely believe this is a must-read for everyone, no matter where you are at within your financial journey.
This book was first to discredit the common notion that millionaires always have luxury cars, designer clothes and giant mansions.
Stanley and Danko analyzed millionaires’ behavior and habits to show how they save, spend, and invest money. The findings were surprising. It turns out that people with a net worth of $1 million or more tend to live in middle-class neighborhoods, not in gated communities.
I love this book because rather than telling you what you should be doing with your finances, the authors share the seven common traits they find across most (or all) millionaires.