Quote:
Originally Posted by Sliver
I really like the book The Millionaire Next Door. It talks about the characteristics of people with net worths over $1 million. A lot of high-income people don't look like what you may expect a high-income person to look like (they don't drive prestigious cars, live in lavish houses, wear designer clothes, etc.). And often the people that wear the fancy brands and lease the ritzy cars can least afford it (low net worth people, or people spending high relative to their income).
Also your typical millionaire, according to the book, is a small business owner. |
100% agreed. A family friend owns Modern Beauty supplies and he is worth tens of millions of dollars and still drives the most POS car you could imagine. If you ever saw him on the streets you would probably feel the urge to pull out a few loonies and give it to him.