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When Thomas Stanley's PhD book "The Millionaire Next Door" was released in 1996 it was hailed as the seminal work in the study of wealth accumulation. In 2018, his daughter Sarah Stanley Fallaw released a follow up that built on his work and added her own innovative perspectives.
Millionaires build wealth by being frugal.
Too often, Fallaw said, people confuse accumulating wealth and what they want out of life.
American retailers are in the weakest position since 1999 to withstand another recessionary downturn.
‘The Next Millionaire Next Door’ helps you realize that keeping up with the Joneses can cost you a fortune.