One of the toughest things to face when you’re in a lot (or a little) amount of debt, is the fact that your finances are out of control.
That the life you’re leading isn’t an accurate reflection of the way you should be living — like keeping up with the Jones’.
It’s one of the biggest misconceptions we have to admit, before we can truly take back control of our lives and get out of debt.
The Mindset of Millionaires
But you are not alone! In the book The Millionaire Next Door (by Thomas J. Stanley and William D. Danko), the authors share some interesting insight into the lives of people who are considered rich, but still struggle with living within their means.
Having more money won’t solve your problems, it will only amplify the financial problems you already have.
It’s difficult for everyone, both low-income and high-income earners to successfully manage their money.
But once you change your mindset and start thinking like a wealthy person, you’ll start to develop some of their frugal characteristics.
- 80% of America’s millionaires are first-generation rich, contrary to the belief that wealth is usually inherited.
- 20% of millionaires are retired
- 50% of millionaires own a business
About the Book
“The bestselling The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. Most of the truly wealthy in this country don’t live in Beverly Hills or on Park Avenue-they live next door. This new edition, the first since 1998, includes a new foreword for the twenty-first century by Dr. Thomas J. Stanley.” – Source
After reading this book you’ll discover the seven common characteristics among millionaires who successfully build wealth, and hopefully you’ll be inspired by the real-life examples.
Enter to Win
In collaboration with Eric from Dollar Versity, we are giving away six paperback copies of The Millionaire Next Door book!
This is an exclusive giveaway just for the Debt Movement community, because we want to enable you with the resources to make sure you succeed with your financial goals.
Enter to win one of six books by using the form below.
Please note: this giveaway is only open to U.S. residents and you need to have a valid email address to enter.