Author(s): Thomas J. Stanley; Sarah Stanley Fallaw

Business, Economics, Computing

The companion book to the New York Times best-selling The Millionaire Next Door Is the millionaire next door still out there today? The latest research from Dr. Thomas J. Stanley and his daughter, Dr. Sarah Stanley Fallaw, confirms that yes, the millionaire next door is alive and well. And he's achieving his financial objectives much the same way he always has: by living below his means, by being a contrarian in a maelstrom of hyper-consumption, and by being disciplined in reaching his financial goals. The book examines wealth in America over twenty years after Dr. Stanley's groundbreaking work on self-made affluence. While a new generation of household financial managers is being inundated with the proliferation of financial advice, The Next Millionaire Next Door provides readers with an analysis of what it takes to achieve wealth with data-based conclusions and evidence from those who have built wealth on their own over the last two decades. In this current work, the authors detail how specific decisions, behaviors, and characteristics align with the discipline of wealth building, covering areas such as consumption, budgeting, careers, investing, and financial management in general. Through case studies, survey research, and a careful examination of quantitative studies of wealth, the authors illustrate what it takes to achieve financial success today, regardless of market conditions or rising costs. Book jacket.