The Millionaire Next Door Discussion, Part Two
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In Part Two of this two part episode series, Bill and Anastasia continue to discuss findings from The Millionaire Next Door and its follow-up, The Next Millionaire Next Door by Thomas Stanley and his daughter, Sarah Stanley Fallaw.
Which of the following three variables is the best predictor of consumption - income, net worth, or market value of your home? What kind of cars do millionaires drive and why is that important? Is a million dollars "enough" anymore? Are millionaires happier? Bill and Anastasia get a bit more philosophical as they sum up their thoughts on this book and how it relates to creating wealth and the importance of "thinking abundantly."
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