Jumia Books The Millionaire Next Door Book By Thomas J. Stanley

The Millionaire Next Door is a book written by Thomas J. Stanley and William D. Danko, published in 1996. The book is about wealth-building habits of the wealthy and how they differ from people who are not wealthy. The authors compiled their research from various surveys, focus groups, and interviews conducted over 20 years with millionaires.

The book's main argument is that most millionaires are not the people we see on TV or in the movies. Instead, they are ordinary people with ordinary jobs who have accumulated wealth over time by living below their means, saving aggressively, and investing wisely. They have a long-term perspective and are not interested in flaunting their wealth to others.

The Millionaire Next Door debunks common misconceptions about wealthy people, such as the belief that they inherited their wealth, or that they live lives of luxury and extravagance. Instead, the authors show that the majority of millionaires have built their wealth from scratch and live modest lives, with a focus on frugality and financial independence.