The Millionaire Next Door (Millionaire Set Book 2)

An updated edition of the New York Times bestseller based on two decades of research into how wealthy Americans accumulate their wealth. Most of the truly wealthy in the United States do not live in Beverly Hills or on Park Avenue, but in ordinary neighborhoods. America's wealthy typically do not become rich through inheritance or advanced degrees. Instead, they tend to bargain-shop for used cars, raise children unaware of their family's wealth, and avoid flashy spending and competitive consumption. The glamorous people often perceived as rich represent a small minority of America's truly wealthy and behave differently from the majority. The original edition identified seven common qualities that appear repeatedly among wealthy Americans. This edition includes a new foreword by Dr. Thomas J. Stanley that updates the content in light of the financial crash and twenty-first century conditions.