2009
11.22

The Millionaire Next Door
The Millionaire Next Door

As part of my “before 2009 ends to-do list”, I plan to read 3 books (2 finance-related, 1 marketing-related). The library called me saying that this book on my request list is finally available! I’ve read about 30 pages so far, and it’s pretty good. Some of the charts and tables are outdated, since it was published back in 1996. The key ideas, however, are not lost in the time machine. Basically, the authors explain that:

If you spend less than what you earn, you can be a millionaire.
If you avoid buying status objects, you can be a millionaire.
If you can take risky investments (only if it’s worth the reward), you can be a millionaire.
If you teach your kids about investment and money matters, your future generations can be millionaires.

It’s been a pretty good read, will have to keep up this habit.
On the recommendation list for personal financial health!