The Millionaire Next Door: The Surprising Secrets of America's Wealthy.
We know the "rich", people who spent $10M on a Yacht as a parking space for their 1M private jet which they use as a cellar for their $10k wines.
And we think millionaires are like that but on a smaller scale. ACTUALLY... most folks who have $1M liquid are hard working, cheap, frugal (still cutting coupons from ads). The reason why this book is so good is not only because it shatters the perception about how millionaires live, but if you take the description of their lifestyles as a lesson, it will make you manage your money better.
Most people in the US have tons of debt, don't have $500 to use for an unplanned spending. Probably this forum full of well-paid high-tech professionals less so, but still, the principles are all the same. In fact, there are parts of the book talking about how big earners also spend big (and fast), so it's a good reminder of how not spending money is as good as earning it, and also usually easier to do.
We know the "rich", people who spent $10M on a Yacht as a parking space for their 1M private jet which they use as a cellar for their $10k wines.
And we think millionaires are like that but on a smaller scale. ACTUALLY... most folks who have $1M liquid are hard working, cheap, frugal (still cutting coupons from ads). The reason why this book is so good is not only because it shatters the perception about how millionaires live, but if you take the description of their lifestyles as a lesson, it will make you manage your money better.
Most people in the US have tons of debt, don't have $500 to use for an unplanned spending. Probably this forum full of well-paid high-tech professionals less so, but still, the principles are all the same. In fact, there are parts of the book talking about how big earners also spend big (and fast), so it's a good reminder of how not spending money is as good as earning it, and also usually easier to do.