Most people think the only way to become a millionaire is to earn at least $1 million/year for a couple of years. If you want to save this summary for later, download the free PDF and read it whenever you want.ĭownload PDF Lesson 1: Save responsibly from the moment you first start earning more than you need to live.
Stanley was obsessed with studying the wealthy, whom he called “the affluent”, and what discerns them from those he calls UAWs – under accumulators of wealth.Īs it turns out, becoming a millionaire is not rocket science, just a matter of planning well, living below your means and avoiding a few stupid mistakes. The Millionaire Next Door, which funnily made him and his co-author millionaires, was published in 1996 and has sold over 3 million copies to date. Stanley’s case it was a drunk driver, who tried to cut him off in traffic, crashing into his Corvette – one of his few luxuries – and fatally injuring him at 71 years old. It always makes me sad to hear a great author has died of unnatural causes.
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