Notice, looking for the best value is inherently frugal, whereas looking for sales is not. They make their coffee at home, they buy shoes only when their current pair wears out, and they look for the best value (not sales) on everything. Instead, they incorporate small daily habits that make all the difference. And they certainly don't buy things they can't afford on a high-interest credit card like many of us do. They don't use retail shopping as therapy. They don't splurge on non-essentials from time to time. They ingrain good choices into their lifestyle. It took patience, discipline, and small daily choices to get to millionaire-ville. It's the small daily habits that make all the difference with your money It was what sparked me to convert to frugality for good.
It's a simple concept, but before reading this book, I always looked at frugality as something people did when they didn't have a lot of money. Mark Zuckerberg wears t-shirts and jeans every day. Warren Buffett lives in the same house he originally bought when he married. When we look at even billionaires like Warren Buffett or Mark Zuckerberg, we typically don't see them in lavish cars, high end clothing, or fancy accessories. Now, I'm debt-free, building wealth, and have converted to frugal living to enjoy the things I love. After reading this book, I started changing my life. I just lived a "normal" life of payments and adding more debt. Prior to reading "The Millionaire Next Door," I was in so much debt and never thought much of it.
It's a book about mindset and habit changes that all of us can do. I learned some valuable lessons from the first personal finance book I ever read and that literally changed my life. " The Millionaire Next Door" is a book that explains the intricacy of today's millionaires, people you would be surprised to find wealthy, and the habits and decisions that got them to that wealth level.īut, it's more than just a book about wealth and tips to get there. After reading this book, it was impossible to go about my life in the same way, change had to be made. Very few books resonate with me as much as " The Millionaire Next Door." It was one of the main catalysts for how I currently deal with money and practice frugality.
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