Today's Top Gainer
Note:Top Gainer - Nifty 50 More
Title: Stop Acting Rich: ...And Start Living Like A Real Millionaire.
Author: Thomas J. Stanley
Pages: 274 Hardcover
Price: US $26.95
Published: September 2009
Published by John Wiley & Sons, Inc.
The book details how the less affluent have fallen into the elite luxury brand trap that keeps them from truly acquiring wealth.
How to live rich without spending more? That’s not something which may really please many aspirants. But the author puts wealth in perspective with the book and explains how to stop the destructive cycle of spending lavishly.
The book says being rich means more than just big houses and luxury cars. A case in point is the fact that the most popular make of car among millionaires is a Toyota and not BMW or Mercedes.
Only 5.7% of all millionaires surveyed nationally paid $1,000 or more for their most recently acquired suit
Sample the other highlights:
If you spend in anticipation of becoming rich, you are unlikely ever to become truly wealthy. One of the chapter’s title says it all – All that Glitters is not a Millionaire’s Goal!
Thomas Stanley reveals the results of a major survey which uncovers the sharp differences between the spending habits of real millionaires versus those who are just "acting rich." It turns out that the big spenders aren't who we thought they were. The "aspiring rich" far outspend real millionaires, who rarely spend above their means regardless of the extent of their wealth. As a result, they’ve mortgaged their future on an illusion.
Funeral directors, for example, are better at accumulating wealth than doctors even though their income ranks well below doctors.
Live in an upscale neighborhood and you will spend more on everything from your car to your haircuts.
The book may make sense but it should catch the eye of those who need it.
About the Wiley:
Founded in 1807, John Wiley & Sons, Inc. has been a valued source of information and understanding for over 200 years, helping people around the world meet their needs and fulfill their aspirations. Since 1901, Wiley and its acquired companies have published the works of more than 400 Nobel laureates in all categories: Literature, Economics, Physiology/Medicine, Chemistry, Physics and Peace.
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