Comments on: What If You Don’t WANT to be the Stereotypical Millionaire Next Door? http://www.moneycrush.com/what-if-you-dont-want-to-be-the-stereotypical-millionaire-next-door/ Obliterate financial stress. Sat, 04 Feb 2012 17:05:11 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jackie http://www.moneycrush.com/what-if-you-dont-want-to-be-the-stereotypical-millionaire-next-door/comment-page-1/#comment-759 Jackie Mon, 01 Feb 2010 12:46:28 +0000 http://www.moneycrush.com/?p=1407#comment-759 Financial Uproar, I think that is the message that'd often <i>taken away</i> from that book, but my point was that you don't have to be a miser who never goes on vacation or has a nice car. You just have to be sensible and pay for those things in cash while investing andnot going crazy. Financial Uproar, I think that is the message that’d often taken away from that book, but my point was that you don’t have to be a miser who never goes on vacation or has a nice car. You just have to be sensible and pay for those things in cash while investing andnot going crazy.

]]> By: Financial Uproar http://www.moneycrush.com/what-if-you-dont-want-to-be-the-stereotypical-millionaire-next-door/comment-page-1/#comment-758 Financial Uproar Mon, 01 Feb 2010 05:33:08 +0000 http://www.moneycrush.com/?p=1407#comment-758 This is a great post. What people need to realize is that life is about choices. If one choose the ultra frugal route and makes an above average income, then chances are they will end up wealthy. And if they live beyond their means? Then the end result won't be so well. Yet maybe the best way of approaching it is a route down the middle. At the end of the day, people need to realize they can't have it both ways. They can't spend like crazy and have a nice nest egg. And if you choose to become wealthy, then things like vacations and nice cars must be sacrificed. That's the real message behind the Millionaire Next Door. But then again, that's kind of common sense, isn't it? This is a great post.

What people need to realize is that life is about choices. If one choose the ultra frugal route and makes an above average income, then chances are they will end up wealthy. And if they live beyond their means? Then the end result won’t be so well. Yet maybe the best way of approaching it is a route down the middle.

At the end of the day, people need to realize they can’t have it both ways. They can’t spend like crazy and have a nice nest egg. And if you choose to become wealthy, then things like vacations and nice cars must be sacrificed. That’s the real message behind the Millionaire Next Door. But then again, that’s kind of common sense, isn’t it?

]]> By: Jackie http://www.moneycrush.com/what-if-you-dont-want-to-be-the-stereotypical-millionaire-next-door/comment-page-1/#comment-736 Jackie Fri, 29 Jan 2010 01:21:20 +0000 http://www.moneycrush.com/?p=1407#comment-736 Don, yeah real estate & small business seems to be a common theme for millionaires. I don't think most millionaires do live lives of artificial scarcity -- that's pretty much my point. People *think* that's what happens, but it isn't particularly the case. Don, yeah real estate & small business seems to be a common theme for millionaires. I don’t think most millionaires do live lives of artificial scarcity — that’s pretty much my point. People *think* that’s what happens, but it isn’t particularly the case.

]]> By: Don@MoneyReasons http://www.moneycrush.com/what-if-you-dont-want-to-be-the-stereotypical-millionaire-next-door/comment-page-1/#comment-735 Don@MoneyReasons Thu, 28 Jan 2010 23:45:08 +0000 http://www.moneycrush.com/?p=1407#comment-735 In "The Millionaire Next Door", most of the millionaire ethinic groups earned much more than the average Joe (especially considering when it was wrote...). In the book, it's only the Scottish group that lives the lifestyle of artificial scarcity that you describe above. But even the Scottish group made more than the average joe but less than the other groups... To me personally, I got the message that if I wanted to be a millionaire, I'd have to take a gamble and either try to start my own business, or invest in real estate. Great book though... In “The Millionaire Next Door”, most of the millionaire ethinic groups earned much more than the average Joe (especially considering when it was wrote…).

In the book, it’s only the Scottish group that lives the lifestyle of artificial scarcity that you describe above. But even the Scottish group made more than the average joe but less than the other groups…

To me personally, I got the message that if I wanted to be a millionaire, I’d have to take a gamble and either try to start my own business, or invest in real estate.

Great book though…

]]> By: Jackie http://www.moneycrush.com/what-if-you-dont-want-to-be-the-stereotypical-millionaire-next-door/comment-page-1/#comment-731 Jackie Thu, 28 Jan 2010 03:03:16 +0000 http://www.moneycrush.com/?p=1407#comment-731 David, that's another path to millionaire-hood. I think the key there is finding something that is of value to others, and sticking with it. David, that’s another path to millionaire-hood. I think the key there is finding something that is of value to others, and sticking with it.

]]> By: Jackie http://www.moneycrush.com/what-if-you-dont-want-to-be-the-stereotypical-millionaire-next-door/comment-page-1/#comment-730 Jackie Thu, 28 Jan 2010 03:02:19 +0000 http://www.moneycrush.com/?p=1407#comment-730 Hehe, nice rant CF :) I hadn't thought of it that way; as a sense of entitlement. Most of the complaints I've seen about that have been people talking about how they don't want to live like a pauper, etc. Although I'd be really surprised if anyone who <i>read</i> the books felt that way -- especially Your Money or Your Life. Contentment was the primary message I got from that, and who wouldn't want to be content? Hehe, nice rant CF :)

I hadn’t thought of it that way; as a sense of entitlement. Most of the complaints I’ve seen about that have been people talking about how they don’t want to live like a pauper, etc. Although I’d be really surprised if anyone who read the books felt that way — especially Your Money or Your Life. Contentment was the primary message I got from that, and who wouldn’t want to be content?

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