William D Danko: The Millionaire Next Door

In The Millionaire Next Door, William D. Danko skews the myths about how (and where) most millionaires live, and what it takes to become one. Their extensive research identified the sometimes surprising characteristics and habits shared by many millionaires. For instance, millionaires are often bargain shoppers (they buy used cars and off-the-rack clothing), pay only a small percentage of their wealth in income taxes, and shun the lavish lifestyles we often associate with being rich.The book explains how to determine what your net worth should be, according to your age and income, and how you can build wealth over time and become a millionaire—if you have the discipline. Thanks to our monthly supporters Mike Edwin Deitch Jamie Dorward Emily Rose Banks Malcolm Magee Natalie Ryan N. Marco-Ken Möller 孤鸿 月影 Fabian Jasper Verkaart Andy Pilara ola Austin Hammatt Zachary Phillips Mike Leigh Cooper Gayla Schiff Laura KE Roar Nikolay Ytre-Eide Stef Roger von Holdt venkata reddy Ingram Casey Ola rahul grover Ravi Govender Craig Lindsay Steve Woollard Deborah Spahr Samoela Jo Hatchard Kalman Cseh Berg De Bleecker Paul Acquaah MrBonjour Konnor Ah kuoi Marjan Modara Dietmar Baur Bob Nolley ★ Support this podcast on Patreon ★