J. V. Bruni and Company
1528 North Tejon Street
Colorado Springs, Colorado 80907
(719) 575-9880 or (800) 748-3409
J. V. Bruni and Company1528 North Tejon Street Colorado Springs, Colorado 80907 (719) 575-9880 or (800) 748-3409
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The Millionaire Next Door, by Thomas Stanley and
William Danko.  The large majority of millionaires have not
inherited their wealth. Indeed, Stanley and Danko maintain that
“economic outpatient care” (referring to generous parental financial
support) typically does more harm than good in creating millionaires.
On the other hand, the authors’ research indicates that for most
millionaires, hard work, self discipline and sacrifice, combined with
common sense and patience, have been the most instrumental in
accumulating their wealth. Further, most millionaires don’t lead
extravagant lifestyles of conspicuous consumption—more commonly they
live right next door to many middle income Americans. This 1996 best
seller, written by two college professors who have made careers of
studying America’s wealthy, does a commendable job of explaining the
most common attributes of millionaires, and it debunks a number of
popular myths. In the myth category, the authors reveal that high
incomes frequently do not lead to high wealth, especially when consumers
value spending over saving. In a similar vein, the reader learns that
many frugal people of modest incomes have been able to amass
considerable wealth. This easy reading book would be an ideal gift for
young people who are forming their spending and saving habits. It is
filled with the common sense wisdom that many parents would want their
children to know and appreciate. Buy it for a favorite young person. |
“How do you become wealthy? ... It is seldom luck or inheritance or advanced degrees or even intelligence ... Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline.” Introduction by the authors
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