Tag: Ron Leiber

Millionaire Rule 1.49

By Thomas J. Stanley on Nov 15th, 2011 in Studying the Wealthy

The original title of The Millionaire Next Door was That’s Why They’re Wealthy. One of the main reasons that they are wealthy is that they live in an easily affordable home.   I have found that when millionaires made their first home purchase, the ratio of the purchase price over their annual household income was just 1.49 [median].  And today they have seven times […]