The Millionaire Next Door

Studying the Wealthy

Integrity, The Bedrock of the Road to Success

Here’s an assignment designed to enhance the future socioeconomic productivity of your children, grandchildren, etc.  Turn to Page 34 in The Millionaire Mind, Table 2-1 “Millionaires’ Success Factors.”  There you will find thirty success factors ranked in importance by a national sample of 733 respondents who represent a fraction of the top 1.0% of wealth holders …

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Enlightened Parents Teach Their Children the Benefits of Independent Thought

Do all high income producers have high job satisfaction? No! But the ones who do are significantly more likely to agree with the following statements concerning their parents: 1. Encouraged me to think outside the box. 2. Taught me to never follow the crowd. 3. Encouraged me to take leadership roles. 4. Encouraged me to …

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Millionaire Factor 6: They are Proficient in Targeting Market Opportunities

Maria McFriendly was profiled in Millionaire Women Next Door and in an earlier blog.  Maria was raised in an environment that was anything but nurturing.  Her father was a chauvinist and an elitist.  He often told her that she was not college material, “she repeatedly scored in the 900s [out of 1600] on her SATs.”  …

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Young CPA Lives by the Principles Found in The Millionaire Next Door

Most millionaire next door types and those on their way were raised in a nurturing environment filled with harmony, mutual respect, discipline and frugality.  As an example please review the following case study from one of my readers.  While still in high school, my parents had both my brother and I read The Millionaire Next …

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Symbol of Real Achievement- Your Business or Your Home

A shelter publication that profiles homes and their owners wants to feature Travis and his family.  After reviewing several of the back issues that Travis shared with me, I realized that they contained mostly pictures of the interior, including floor plans, as well as the exterior of the homes of the featured families.  What a great way …

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Millionaires’ Favorite Chapter in The Millionaire Next Door

I like to ask millionaires who have read The Millionaire Next Door what their favorite chapter is.  You may be surprised to learn that it is not Chapter 2, Frugal, Frugal, Frugal.  This chapter details the frugal lifestyle of millionaires in terms of the modest prices paid for clothing, shoes, watches, motor vehicles, etc.  This is merely a …

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