The Millionaire Next Door

Author(s): Thomas Stanley and William Danko
ISBN: 978-1589795471
Rating: 2/5
Completed: 11/2021
Link to notes: N/A
Link to Amazon: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474/

coatk1 commented 3 years ago

coatk1 commented 2 years ago

Financial maturity: proven ability to earn a good living
Self-Employed: lawyers, accountants, physician, dentist, engineers
Profits don’t automatically translate into affluence or accumulated wealth
It takes talent and discipline to generate profits and ultimately wealth
They can take your business, but they can’t take your intellect!
1st gen = business owners
2nd gen = professionals
Enjoy what they do. A successful man is a guy who works at a job, who likes his work, who can’t wait to get up in the morning to get down to the office
PAWs need to achieve, to create wealth, to become financially independent, to build something from scratch.

coatk1 commented 2 years ago

Spend Money On

Dentists: providing cosmetic dentistry, including bleaching, bonding, veneers, invisible braces, cosmetic nasal surgery, and chin and corrective jaw surgery
Plastic surgeons: providing nose-reshaping surgery, ear-reshaping surgery, tattoo removal, facial contouring, chemical peels, and permanent hair removal
Dermatologists: providing mole removal, cosmetic surgery, acne treatment, freckle removal, and electrolysis
Allergists: providing treatment for fatigue, rashes, hives, itching, allergy-related mood swings and depression, food allergies, learning disabilities, and new house sickness
Psychologists: providing career counseling, academic and career assessment, treatments for attention deficit disorder, treatment for compulsive eating disorder, shyness and assertiveness conditioning, and intelligence and aptitude testing
Psychiatrists: providing treatment for stress and anxiety, drug and alcohol abuse, school stress, and panic disorders
Chiropractors: providing treatment for stress relief and head, neck, and lower-back pain

Private School Teacher
Teachers in specialized areas such as music, drama, the arts, special education/learning disability programs, career counseling, and tutorials for SAT and other types of entrance/aptitude tests

CPA: providing tax-planning strategies; estate, trust, and gift tax solutions; fiduciary services; business/asset valuation; and retirement planning

Professionals who conduct philanthropic research, develop targeting strategies, and counsel foundations and educational institutions