From the name of the book The Millionaire Next Door you must have understood that it tells about amazing ways to become rich. If you study this book completely then you too can become a millionaire.
In this book the author has told the secret formula to become a millionaire. In the book, he has written stories of people who have become millionaires after facing many difficulties in life. Therefore, you can become rich by reading this book.
So I suggest you to read the book The Millionaire Next Door. Today, I have given the motivational and famous quotes from this book in today’s blog. I hope you will like them very much and you will adopt them in your life.
The Millionaire Next Door Quotes
“Good health, longevity, happiness, a loving family, self-reliance, fine friends … if you [have] five, you’re a rich man….”
– Thomas J. Stanley
“I am not impressed with what people own. But I’m impressed with what they achieve. I’m proud to be a physician. Always strive to be the best in your field…. Don’t chase money. If you are the best in your field, money will find you.”
– Thomas J. Stanley
“One of the reasons that millionaires are economically successful is that they think differently.”
– Thomas J. Stanley
“Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline.”
– Thomas J. Stanley
“Whatever your income, always live below your means.”
– Thomas J. Stanley
The Millionaire Next Door Quotes
“It’s easier to accumulate wealth if you don’t live in a high-status neighborhood.”
– Thomas J. Stanley
“The foundation stone of wealth accumulation is defense, and this defense should be anchored by budgeting and planning.”
– Thomas J. Stanley
“If your goal is to become financially secure, you’ll likely attain it…. But if your motive is to make money to spend money on the good life,… you’re never gonna make it.”
– Thomas J. Stanley
“Many people who live in expensive homes and drive luxury cars do not actually have much wealth. Then, we discovered something even odder: Many people who have a great deal of wealth do not even live in upscale neighborhoods.”
– Thomas J. Stanley
“If you’re not yet wealthy but want to be someday, never purchase a home that requires a mortgage that is more than twice your household’s total annual realized income.”
– Thomas J. Stanley
“Money should never change one’s values…. Making money is only a report card. It’s a way to tell how you’re doing.”
– Thomas J. Stanley
“Have you ever noticed those people whom you see jogging day after day? They are the ones who seem not to need to jog. But that’s why they are fit. Those who are wealthy work at staying financially fit. But those who are not financially fit do little to change their status.”
– Thomas J. Stanley
“Be tough … life is. In other words, there is no promise of a rose garden.”
– Thomas J. Stanley
“it matters less how much more you make than what you do with what you already have.”
– Thomas J. Stanley
“Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be.”
The Millionaire Next Door Quotes
– Thomas J. Stanley
“Most people will never become wealthy in one generation if they are married to people who are wasteful. A couple cannot accumulate wealth if one of its members is a hyperconsumer.”
– Thomas J. Stanley
“it is very difficult for a married couple to accumulate wealth if one is a spendthrift. A household divided in its financial orientation is unlikely to accumulate significant wealth.”
– Thomas J. Stanley
“How can well-educated, high-income people be so naive about money? Because being a well-educated, high-income earner does not automatically translate into financial independence. It takes planning and sacrificing.”
– Thomas J. Stanley
“Great offense and poor defense translate into under accumulation of wealth.”
– Thomas J. Stanley
“To build wealth, minimize your realized (taxable) income and maximize your unrealized income (wealth/capital appreciation without a cash flow).”
– Thomas J. Stanley
“His view of millionaires is shared by most people who are not wealthy. They think millionaires own expensive clothes, watches, and other status artifacts. We have found this is not the case.”
– Thomas J. Stanley
“Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend.”
– Thomas J. Stanley
“Financially independent people are happier than those in their same income/age cohort who are not financially secure.”
– Thomas J. Stanley
“If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend.”
– Thomas J. Stanley
“Allocating time and money in the pursuit of looking superior often has a predictable outcome: inferior economic achievement. What are three words that profile the affluent? FRUGAL FRUGAL FRUGAL”
– Thomas J. Stanley
The Millionaire Next Door Quotes
“According to our most recent survey, the typical American millionaire reported that he (she) never spent more than $399 for a suit of clothing for himself or for anyone else.”
– Thomas J. Stanley
“our youth are told that buying expensive items is normal behavior for affluent people. They are led to believe that the wealthy have a high-consumption lifestyle. They learn that hyperspending is the main reward for becoming affluent in America. Why”
– Thomas J. Stanley
“The “some college,” “four-year college graduate,” and “no college” types who have high incomes often had a head start on many well-educated workers.”
– Thomas J. Stanley
“It’s amazing what you can do when you set your mind to it. You’ll be surprised how many sales calls you can make when you have no alternative except to succeed.”
– Thomas J. Stanley
“Victor wants his children to become physicians, lawyers, accountants, executives, and so on. But in so encouraging them, Victor essentially discourages his children from becoming entrepreneurs. He unknowingly encourages them to postpone their entry into the labor market. And, of course, he encourages them to reject his lifestyle of thrift and a self-imposed environment of scarcity.”
– Thomas J. Stanley
