One of our favorite books at Vision Wealth Management is The Millionaire Next Door. It is both interesting and insightful. The author, Thomas J. Stanley, won’t tell you how to get rich quickly, but rather he outlines who the wealthy are, how they become wealthy, the seven main characteristics that wealthy people have in common, and how they build wealth slowly.
The Millionaire Next Door also differentiates between wealth and income. You can have a very high income and not be wealthy, if you spend everything you make. You are simply living high. In contrast, you can have a modest income and become wealthy.
Combined with his book The Millionaire Mind, The Millionaire Next Door spent more than 170 weeks on the New York Times’ Best Sellers list.
Give this book a read and let us know what you think!
Please click on the link below to view the latest LPL Financial Weekly Market Commentary that provides an overview of the past week's market events and insight into upcoming market events. This weekly publication is authored by Jeffrey Kleintop, CFA®, LPL Financial Chief Market Strategist.
Weekly Market Commentary