But this is not true as in reality most of the millionaires are people with no cat and a lot of cattle. The common perception of the millionaire is of a person with Big Hat But No Cattle. They don’t eat expensive food or drink expensive wine nor do they wear expensive brands. The authors explain that most of the millionaires in the world prefer to enjoy a quiet modest life without showing off their wealth.
The authors after the survey found out the following 8 common things in the millionaires which you can incorporate easily and become a millionaire. The people were asked around 249 questions related to their household budget, financial fears, methods of bargaining, etc. The book is based upon the survey conducted by the authors during the course of 9 months where they interviewed more than eleven thousand high net worth people including more than 500 millionaires. The authors have explained the most practical way to become a millionaire next door in this book, so read this summary till the end.
But the authors, Thomas Stanley and William D Danko in this book The Millionaire Next Door have presented an altogether different type of millionaire who might be living in your neighborhood without you knowing about their millionaire status. When you hear the word millionaire, what comes to your mind? A luxury car…….a nice house In a posh area….branded clothes, this is a common understanding.