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CNBC
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Business Insider
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The Street
How to Invest Just Like a Millionaire
"Before you can become a millionaire, you must learn to think like one," said American author Thomas J. Stanley, who wrote The Millionaire Next Door.
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Nerd's Eye View on Kitces.com
Predicting Wealth Building Behavior With DataPoints Assessment Tools
The Millionaire Next Door became a NY Times Bestseller in 1996 by revealing how little we understand about millionaires, and the behaviors that help people to become millionaires. While the traditional view was that wealth comes from an inheritance, or becoming an executive in a major corporation, and that you can identify millionaires by their high-end suits, luxury cars, and large houses in affluent neighborhoods, in reality a huge swath of millionaires become such simply by living frugal lives of cheap suits, practical cars, and modest homes, which allows them to convert a substantial portion of their income into wealth over time.
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Entrepreneur
3 Lies Unsuccessful People Tell Themselves
"I need to look like a success to be a success." This falsehood manifests as individuals living above their means and it's the underlying premise of Thomas Stanley's classic book, The Millionaire Next Door. It's especially apparent in "image" professions such as lawyers, physicians, architects, stockbrokers, etc. The focus of Stanley's book is that the majority of millionaires in America are actually individuals, such as plumbers, dry cleaners and automotive repair shops to name just a few, who scrimped and saved while starting and growing a blue-collar business from the ground up. Like all parents, those millionaires instinctively wanted their kids to be more successful and not work as hard as they did, so the children were and are encouraged to pursue professional careers in high-potential fields such as medicine, finance or the law.
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Quartz
The practical, unsexy steps it takes to actually become a millionaire
You think the title’s a bit much, huh? Don’t blame me—blame Thomas J. Stanley. Who’s that you ask? Thomas was a writer who spent 20 years studying American millionaires and patterns in their habits. The result of all his research was the bestselling book, The Millionaire Next Door.
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Get Rich Slowly
Nine Lessons in Wealth-Building from The Millionaire Next Door
Want to become a millionaire? Then perhaps you should start by studying the behaviors of people who have done it. Check out the lists of the best financial books of all time, and you’re bound to find several that include The Millionaire Next Door: Surprising Secrets of America’s Wealthy.
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MarketWatch
Social media can keep you from being ‘The Millionaire Next Door’
“The Millionaire Next Door” was written by Thomas J. Stanley and William D. Danko, and was published in 1996, with a new introduction by Stanley for the 2010 edition. The book was based on 20 years of research, with hundreds of detailed interviews of people of all demographics, income and wealth levels.