Normally, this book would fall into my “trendy” disclaimer, but I do recommend that people read this book. True, it has chapters that are needlessly dry, reciting endless statistics about the habits and averages among the population of millionaires that were studied to make this book. But the most important thing is that this book emphasizes that a high income does not guarantee wealth, and that being wealthy is living below your means and the long term accumulation of assets. This book shatters a lot of myths that people have about the average millionaire in the United States, and it really highlights the basics of a healthy financial life.
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This book is about those frugal people, who are millionaires; but they aren’t flashy about their wealth. They are mostly first generation of self-made millionaires; and they are focused on increasing their net worth.
If you are finding yourself like this type of people, than you might find this book very helpful. More on my thoughts on this book later.
I have to say right from start that, this book does offer so many valuable information from which you can learn a lot. I’ve rated it with 4 stars only because I already know majority of things written inside the book.
There are so many things that you learn through life and experience, and there are many common sense things shared.
Like I said it in the beginning, the book is about living bellow your means, and frugal living.
You need to start saving as much as you can from you current paycheck, in order to be able to invest that money, and eventually becoming successful millionaire. What I like is that book in the end share a list of industries where you can find out on what kind of industries are profitable; and you can start research more about the industries (niches) that you feel like you might succeed in one of those.
I already know that I need to cut my spending habits if I want to make something out my life; and that is what I’m doing already for years. There are times when it’s frustrating and difficult, and I just want to give up; but I quickly put myself together.
Daffy