Read This Book

Read This Book: THE MILLIONAIRE NEXT DOOR by Thomas J. Stanley and William D. Danko

Welcome to Read This Book, the newsletter where I recommend a book you should add to your TBR, STAT! I stan variety in all things, and my book recommendations will be no exception. These must-read books will span genres and age groups. There will be new releases, oldie but goldies from the backlist, and the classics you may have missed in high school. Oh my! If you’re ready to diversify your books, then LEGGO!!

It’s October 12, 2020. Have you checked your savings account today? If you haven’t, then you should immediately log into your account right now! Why today? Well, today is National Savings Day, the unofficial holiday founded in 2017 by Capital One “to empower people to feel more confident about their relationship with money by educating them on how saving money can be a simple straightforward experience.” In honor of National Savings Day, I’m recommending you read (or re-read) one of the godfathers of personal finance books, The Millionaire Next Door

The Millionaire Next Door Book Cover

The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley and William D. Danko

Can you spot a millionaire? What do they do for work? What type of car do they drive? How do they invest their money? Where do they live? Can you ever become one of them? Get those answers and learn who are really the rich people in this country with this never-before-told story about the wealthy people of America. The Millionaire Next Door is the national bestseller changing people’s lives and increasing their net worth.

Despite sometimes struggling through The Millionaire Next Door, I without a doubt value everything I learned from this book. I used to believe the best way to become wealthy was to make a lot of money, but I quickly learned the amount of money one brings home doesn’t matter. What matters the most when it comes to reaching millionaire status is the amount of money one saves (and invests). In fact, those with the millionaire mindset are striving for a high net worth instead of concentrating on getting a bigger paycheck.

In this book, people are referred to as either a PAW (Prodigious Accumulator of Wealth) or an UAW (Under Accumulator of Wealth). Most Americans are UAWs. Not only are we not accumulating wealth, we are swimming in debt. If we want to reach  the rarefied air of millionaire status, we have to take the road less traveled. With anecdotes, data, and plenty of tips, The Millionaire Next Door is an excellent map to get you from the poor house to millionaire’s row.

Until next time bookish friends,


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