The Millionaire Next Door (book)

*The Millionaire Next Door* by Thomas J. Stanley and William D. Danko investigates how many wealthy individuals actually become rich—not through flashy lifestyles or high income, but through disciplined saving, frugal spending, and smart investing. The book highlights that most millionaires are often modest, living below their means, and prioritizing financial independence over status symbols. It emphasizes habits like budgeting, avoiding debt, and making prudent financial decisions. Overall, the book reveals that wealth is more about consistent, smart behavior over time than simply earning a high income or showcasing wealth outwardly.