Thomas J. Stanley

William D. Danko

How do the rich get rich? An updated edition of the “remarkable” New York Times bestseller, based on two decades of research (The Washington Post). Most of the truly wealthy in the United States don’t live in Beverly Hills or on Park Avenue. They live next door. America’s wealthy seldom get that way through an inheritance or an advanced degree. They bargain-shop for used cars, raise children who don’t realize how rich their families are, and reject a lifestyle of flashy exhibitionism and competitive spending. In fact, the glamorous people many of us think of as “rich” are actually a tiny minority of America’s truly wealthy citizens—and behave quite differently than the majority. At the time of its first publication, The Millionaire Next Door was a groundbreaking examination of America’s rich—exposing for the first time the seven common qualities that appear over and over among this exclusive demographic. This edition includes a new foreword by Dr. Thomas J. Stanley—updating the original content in the context of the financial crash and the twenty-first century. “Their surprising results reveal fundamental qualities of this group that are diametrically opposed to today’s earn-and-consume culture.” —Library Journal

The Millionaire Next Door

Piet Terheyden

In fact, about two of every three adult children who receive significant cash gifts periodically from their parents view themselves as members of the “I did it on my own” club. We are amazed when these people tell us in interviews, “We earned every dollar we have.”

The more dollars adult children receive, the fewer dollars they accumulate, while those who are given fewer dollars accumulate more.

Somehow, like many of his peers, he forgot how he became wealthy.

The Millionaire Next Door quotes

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