Thrifty Thursdays 05 1

I wrote last month about one of the books I’ve read in the last few years since my career ending accident.  Here is another I devoured due to it’s insightful view of reality.

The Millionaire Next Door by Stanley and Danko quickly dispels the image of a millionaire conveyed by the media.

“Consider the profile of a millionaire-next-door-type couple, Ms. T and her husband. To most, this couple’s lifestyle is boring, even common.  This millionaire’s brand of watch is a Timex; her husband’s is a Seiko (number one among millionaires). The couple buys their clothes at Dillard’s. J.C. Penney, and TJ Maxx.  They have purchased only two motor vehicles in the past 10 years: both fords. The current market value of their home is approximately $275,000. ”

That sure is different image to what I grew up thinking was how the rich lived.  The older I get and the more I educate myself the more I realise how little we are really taught at school.  The 250 pages of the book are full of facts and figures of how the independently wealthy really live and is one I’d recommend to anyone not wanting to rely on their boss or government for the rest of their life.

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