The Millionaire Next Door The Surprising Secrets of America's Wealthy

That makes me think of the millionaire next door of that book. You know, that like all these immigrant parents that come in like make their kids wealthy then they blow it all by the second generation.

I'm thinking about that book that came out some years ago, The Millionaire Next Door, and was all about how the people who are next door living very ordinary lives, you know, driving, you know, 12-year-old cars and, you know, not even very expensive cars, these are the people who are truly wealthy.

One of the most profound things about The Millionaire Next Door is it took our vision of who rich people are and how they live their life and it just turned it on its head.

I'm thinking about that book that came out some years ago, The Millionaire Next Door. And it was all about how the people who are next door living very ordinary lives, driving 12-year-old cars and not even very expensive cars, these are the people who are truly wealthy.

One of the most profound things about The Millionaire Next Door is it took our vision of who rich people are and how they live their life and it just turned it on its head.

My friend Tom Stanley who's passed away now did a book in 1992 called The Millionaire Next Door And he studied millionaires in 1992, many years ago

And he wrote a book in 1992 called the millionaire next door became a very famous book and it was an excellent excellent product and Tom was a marketing professor at Georgia State University and then he became a millionaire selling eight bazillion of those books.

Tom Stanley, my friend who passed away several years ago in 1992, did a book called The Millionaire Next Door.

He came to his conclusions with a sample size of 750 millionaires.

He was a Georgia State University professor when he did that and sold enough of those books to become a millionaire next door.

But he got criticized because of the sample size by journalism students who had never had a statistics class.

If you've ever had a statistics class, you would know that a sample size of 750 out of approximately at that time 10 million millionaires in North America is statistically significant.

Tom Stanley found it first in 1992 when he did a book called Millionaire Next Door, we discovered it again when we did the largest study of millionaires ever done in North America, 10,167 of them we interviewed, we did not find fancy cars. It was Honda, Toyota, four year old used cars. Nothing that's going to turn heads at the stop light.

If you read the book like I did, The Millionaire Next Door, when I finished reading that book, it was a super, super successful book. And it suggested that to become a millionaire, you need to not brew your own coffee. Don't go to Starbucks.

I always tell people go get the book millionaire next door. It is a book that explains how people that made millions went broke and people that made 50,000 a year, uh, became millionaires just because of how they treated their money and saving their money.

I always tell people go get the book millionaire next door. It is a book that explains how people that made millions went broke and people that made 50,000 a year, uh, became millionaires just because of how they treated their money and saving their money.

But I also read a book when I was there and called The Million Next Door.

And I believe in practicing frugality in certain ways.

So if you're just starting your business, if you're trying to save some money, if you're trying to be responsible and like set a foundation for your future, I don't think it's a bad thing to drive around into Toyota.

I don't think it's a bad thing to have a Honda.

Including The Millionaire Next Door.

It's like this is how you actually earn money, save money, spend less, invest more, all that stuff.

I do think about some of the things that I've learned from actual self-help books, including The Millionaire Next Door.

So one of my brothers gave that to me when I was in my mid-late 20s, when I had my first real-ish jobs and started to earn a little bit of money. And that was a huge eye-opener for me.

There's a book called The Millionaire Next Door.

There's the old book, the millionaire next door, the school teachers who are millionaires.

There was a book years ago, I must have been 25 years ago called The Millionaire Next Door and it talked about how to save money and how many school teachers were millionaires because the average millionaire in America is not a hedge fund guy. It's somebody that paid their house off, has their cars paid off, has a 401K and it was called The Millionaire Next Door. It's a great book, Life Lessons on How to Invest and Stay Out of Trouble and Lower Your Debt and don't put stuff in a credit card.