The Millionaire Next Door

Inherited Wealth

What Percent of Your Neighbors Inherited Their Wealth?

In Stop Acting Rich, I stated that “the greatest detriment to building wealth is our home/neighborhood environment.  If you live in a pricey home and neighborhood, you will act and buy like your neighbors. . . the more affluent the neighborhood the more its residents spend on almost every conceivable product and service.  We take …

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