Book Review: ‘The Next Millionaire Next Door’
https://owlcation.com/humanities/Book-Review-The-Next-Millionaire-Next-Door
Yep.
“The key ingredients remain living below your means and saving and investing the difference. Fewer millionaires are small business owners, and more are 401K millionaires.”
But I imagine there are more millionaires among social media influencers. :)
A million ain’t what it used to be. It takes 1.6-mil to buy what a mil bought in 1996.
I am just a regular guy. I was (and am) a developer, systems analyst, development manager, etc. for 40 years. Now I am at the end of my career having a great time as an independent contractor.
Hit $1M about 6 - 7 years ago. Without having read or heard Dave Ramsey we instinctively followed his teachings. Bought a $100K house when my income said I could afford 5 times that much. Still have my 2001 car and when we needed a new one paid cash for a 3 YO econobox that accomplished its objective: getting me to and from the client site.
We always keep appliances until they die. Had 8 YO TVs until last year.
Work hard, eschew debt except mortgage and double pay that (owned 2 houses, paid each off - the first one in 10 yrs, second in 5) and DO WITHOUT. Easy formula.
PS: We travel a lot to Mexico and the Bahamas and the like so it is not like we live in sack cloths!
BOOKMARK
bmk