the millionaire next door audiobook download free

There are a few problems with the book, however: First, it could have been WAY shorter. The idea behind this book is a good one: spend far less on material goods than you need to, don't fall into the trap of consumerism and instead save and invest as much of your money as you possibly can and some day you'll be a millionaire or multi-millionaire. So if you say to yourself,'I already know most of this stuff', then look around and ask yourself 'Am I the Millionaire Next Door?'.Įight hours of repetition of a simple idea I guess I always knew all this, but apparently I needed this great book to tell me knowing but not doing is just as bad as not knowing at all. Once I calculated that I was really paying 40% of my net worth in income taxes, it became painfully obvious that simply increasing my net worth contributions will automatically reduce my income taxes and therefore burn down this 40% ratio from both ends. Finally, I learned that the govt taxes earnings and not necessarily net worth. Simply put more away and I will be in the same position at the end of the month, penniless but with a higher net worth. Truth is, I am spending whatever is left. I thought that because I ran out of money at the end of the month that I must be saving as much as I could afford at the beginning of the month.

The extra $10k I might spend on a luxury import will translate into $100k less I'll have 15 years from now. I have always tried to become rich so I could drive a great car. Most of the truly wealthy in this country don't live in Beverly Hills or on Park Avenue-they live next door.#1. In fact, you will learn that the flashy millionaires glamorized in the media represent only a tiny minority of America's rich. You will learn, for example, that millionaires bargain shop for used cars, pay a tiny fraction of their wealth in income tax, raise children who are often unaware of their family's wealth until they are adults, and, above all, reject the big-spending lifestyles most of us associate with rich people. The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. Wealth in America is more often the result of hard work, diligent savings, and living below your means than it is about inheritance, advance degrees, and even intelligence. According to the authors, most people have it all wrong about how you become wealthy in America. For nearly two decades the answer has been found in the bestselling The Millionaire Next Door: The Surprising Secrets of America's Wealthy, reissued with a new foreword for the twenty-first century by Dr.

Often they are hard-working, well educated middle- to high-income people. 'Why aren't I as wealthy as I should be?' Many people ask this question of themselves all the time.

The millionaire next door audiobook download free