For one thing, most millionaires take decades to get there
In reading"The Millionaire Next Door," which was originally published in 1996, I learned that many millionaires aren't the flashy status-symbol-laden rich people we might imagine. Instead, Dr. Thomas Stanley and Dr. William Danko's analysis of 292 millionaires found that many were first-generation and self-made, and many owned a small business. The authors also found that many millionaires took years to amass their fortunes, and lived modest lives that allowed them to save.
In reading"The Millionaire Next Door," which was originally published in 1996, I learned that many millionaires aren't the flashy status-symbol-laden rich people we might imagine. Instead, Dr. Thomas Stanley and Dr. William Danko's analysis of 292 millionaires found that many were first-generation and self-made, and many owned a small business. The authors also found that many millionaires took years to amass their fortunes, and lived modest lives that allowed them to save.
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