|Listening Length||8 hours and 16 minutes|
|Audible.com Release Date||October 27, 2000|
|Publisher||Simon & Schuster Audio|
What Is The Millionaire Next Door formula?
The Millionaire Next Door formula multiplies your age times your pretax annual income divided by 10 to get your expected net worth—this excludes inheritances. You are wealthy if your net worth is twice as large as your expected net worth.
Is The Millionaire Next Door a good read?
I appreciate many of the lessons in The Millionaire Next Door, and if you’d like to dive deeper into any of the ones I discussed above, I’d say the book is worth perusing. There are some interesting anecdotes and tips in there that you’ll probably find enjoyable. That said, it’s not a how-to book.
What does the millionaire next door talk about?
Quick Summary:The Millionaire Next Door is about the reality of how people accumulate extraordinary wealth. The authors conducted studies that found typical millionaires are not flashy consumers. Instead, they tend to be business owners who work hard, save money, and live middle-class lifestyles like you and me.