The Surprising Secrets of America's Wealthy01
The Millionaire Next Door
Thomas J. Stanley
Researcher
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Researcher · Author
Thomas J. Stanley.
Thomas J. Stanley (1944–2015) was an American researcher and author who studied how wealthy Americans live. He co-wrote The Millionaire Next Door with William D. Danko.
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- 1944 – 2015
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The Surprising Secrets of America's Wealthy
The Millionaire Next Door
Thomas J. Stanley
Personal finance · 1996
The Millionaire Next Door
The Surprising Secrets of America's Wealthy
Based on research by Stanley and William D. Danko, this book shows that many wealthy Americans live modestly, spend carefully and build wealth quietly over many years.
Three big ideas
- Wealth isn't what you seeMany people who look rich spend a lot; many who are rich don't look it.
- Live below your meansSpending less than you earn, year after year, is a common thread.
- Time is on your sideWealth usually builds slowly through saving and investing over decades.
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