They know the value of education and that is the one place where they are not stingy, whether it is to educate their children or themselves (for example, pay for a financial expert). means they get to keep and invest more of their income). Today’s millionaires practice a thrifty lifestyle, they negotiate for economic cars, they live in middle class neighborhoods (small houses, small bills, small taxes, etc. Today’s millionaires are regular folks, who work hard, save their money and manage their finances in a prudent and thrifty way. The book’s premise is that today’s millionaires are not the ones sailing yachts or live the lifestyle we only see in movies and soap operas, these are what today’s billionaires would be. I only wish I would have read this book 20 years ago.
Danko could use some updating for today’s world, but reading it was certainly and eye opening experience. My rating for The Millionaire Next Door – 4īuy The Millionaire Next Door from * The authors did studies for corporations about targeting millionaires and they came up with some fascinating finds. Danko is a non-fiction book in which the authors debunk the idea of what an “American Millionaire” is.