Sarah in SC
Moderator Emeritus
The author of the Millionaire Next Door has a blog now, and I've really enjoyed reading his commentary, especially regarding Atlanta's bevy of luxury car dealerships, but the latest blog entry, regarding his new book that will be released in early October, had this to say:
In Stop Acting Rich: And Start Living like a Real Millionaire, I detail why so many people who are not rich hyper spend on luxuries. Often they think that collecting these expensive toys will enhance their overall satisfaction with life. But, as you will read in detail, happiness in life has little to do with what you wear, drive, eat or drink. The people with the greatest satisfaction are those who live below their means. Even during the recent peaks of income production, the residential real estate market and the bull stock market when the main survey for this book was undertaken these millionaires maintained their habits of thrift and frugality. In other words, increasing asset values did not cause the majority of wealthy people to hyperspend.
Source: Thomas J. Stanley | Official Blog
My favorite part:
But, as you will read in detail, happiness in life has little to do with what you wear, drive, eat or drink. The people with the greatest satisfaction are those who live below their means.
In Stop Acting Rich: And Start Living like a Real Millionaire, I detail why so many people who are not rich hyper spend on luxuries. Often they think that collecting these expensive toys will enhance their overall satisfaction with life. But, as you will read in detail, happiness in life has little to do with what you wear, drive, eat or drink. The people with the greatest satisfaction are those who live below their means. Even during the recent peaks of income production, the residential real estate market and the bull stock market when the main survey for this book was undertaken these millionaires maintained their habits of thrift and frugality. In other words, increasing asset values did not cause the majority of wealthy people to hyperspend.
Source: Thomas J. Stanley | Official Blog
My favorite part:
But, as you will read in detail, happiness in life has little to do with what you wear, drive, eat or drink. The people with the greatest satisfaction are those who live below their means.