Quote:
Originally Posted by tabs
There was a book published back in the 90's called "The Millionaire Next Door" Most of them were small business owners, they also lived WAY behind the curve. If you make it and spend it you don't have it...
For example they cited 2 MD's both made about $700K a year. One bought a 2 year old MB which he intended to keep for 7 or 8 years and the other bought a brand new Porsche and lived the Country Club life . The one with the MB was worth about $7M and the other about $300K...
Also most Millionaires live average middle class lives in middle class hoods, and if you were to know them you wouldn't be able to tell they had that kind of money.
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Yeah, I read that book it defined wealthy people as those who get much more pleasure from owning substantial amounts of appreciable assets than from displaying a high-consumption lifestyle. It was an interesting read.
