As promised! Time for a book review. This time it’s:
The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
Usually my book reviews are two posts but I can do this book in one go.
Who wants to be a millionaire?
I already tried to read this book a few years back. I just couldn’t get through it at the time.
Not necessarily a bad thing though. Sometimes it’s just bad timing and the book is not for you that moment in time.
But to be totally honest I sooo get why I stopped reading. This time around I felt obligated because it was on the bottom of every blogpost. If it wasn’t for that I would have stopped reading it again.
Is it all bad? No it’s not but for non-Americans there’s just so many stuff in there that’s not relevant at all.
Let me tell you what’s good about this book!
Haha no just kidding! Don’t leave yet 😀
Thomas and William (the writers) have done a great job of figuring out what millionaires actually look like.
It’s not the romantic vision we all have. The type of millionaire that gets portraited in movies are the big spending types but that’s not what the majority of millionaires are like.
Typical millionaires are just good with money. They make a plan of what to do with their money and stick to it.
The average millionaires are actually really normal people…
They live below their means and spend below their means and that’s why they accumulate wealth over time and become millionaires.
That’s pretty much everything you need to know.
The writers have done a lot of research. There are some nice studies in there and every chapter has a piece where they explain some stuff what millionaires have, do or whatever. Followed by 20 examples and stories which basically tell you what you just read.
I would recommend you read the first chapter and you know everything you need to know about the subject.
Just saved you a lot of time! You’re welcome 😉
Until next time!
Day 35 balance:
Expected expenses today:
€ 7,16 (food)
Expected income today:
Current balance personal account:
€ 23,14 – € 7,16 = € 15,98
Current balance business account:
– € 12,87
– IRS: € 46.534,16
– Business: € 22.005,03
– Personal: € 8.669,58
Balance day 35:
– € 77.205,66
Currently reading this financial book:
The Automatic Millionaire, Expanded and Updated: A Powerful One-Step Plan to Live and Finish Rich
Page 381 of 834 (not actually that many pages.. font is pretty big on iBooks)