Next Millionaire Next Door: Enduring Strategies for Building Wealth

Format: Paperback / softback
Length: 272 pages
Publication date: 01 December 2020
Publisher: Rowman & Littlefield

Over the past four decades, Tom Stanley and his daughter Sarah Stanley Fallaw have dedicated their efforts to conducting extensive research exploring the pathways that led self-made, economically successful Americans to attain their status. Despite the widespread dissemination of books like "The Millionaire Next Door," "The Millionaire Mind," and others, misconceptions about wealth in America persist. Government officials, journalists, and many Americans often confuse income with wealth. Consequently, a new generation of household financial managers is seeking guidance from so-called experts in personal financial management, thanks to the proliferation of financial blogs, podcasts, and similar outlets. However, it is important to note that many of these sources offer experiences without scientific basis, lacking comprehensive case studies and data derived from broader populations. Recognizing this, the authors embarked on a fresh examination of millionaires in the United States, with a particular focus on the changes that could be observed two decades after the original publication of "The Millionaire Next Door."

In this comprehensive book, the authors delve into the intricate details of how specific decisions, behaviors, and characteristics align with the discipline of wealth building. They cover a wide range of topics, including consumption, budgeting, careers, investing, and financial management in general. The authors incorporate quantitative studies of wealth and compelling case studies of individuals who have achieved remarkable success in building wealth. Through their analysis, they shed light on the general paths to wealth creation, emphasizing the careers and lifestyles associated with each path. They also provide valuable insights into what it takes to thrive in each respective field.

By examining the experiences and strategies of successful millionaires, this book offers valuable insights and practical guidance for individuals seeking to improve their financial well-being. It serves as a valuable resource for those who aspire to achieve financial independence and build a prosperous future. Whether you are a seasoned financial professional or someone embarking on your wealth-building journey, this book provides a wealth of knowledge and actionable strategies to help you achieve your financial goals.

Weight: 420g
Dimension: 152 x 228 x 20 (mm)
ISBN-13: 9781493052752