The Millionaire Next Door

The Millionaire Next Door

Stop Acting Rich: A Professor of Frugality

Engineers, professors and people with Scottish ancestry, taken separately, are among those who are significantly above average in transforming income into wealth.  I have focused on these three groups in previous blogs.  I wonder if someone who fit in all three of these categories would be especially good at accumulating wealth?  The details of the following case certainly …

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Living Among the Income Statement Affluent

Daniel wrote an insightful comment about my blog entitled Stop Acting Rich: Do-It-Yourself.  He mentioned a case study from The Millionaire Next Door about a man I had interviewed called Mr. W (see pp. 241-246).    Mr. W was a very wealthy self made entrepreneur who often bought or invested in distressed real estate.  Mr. W detailed an episode that happened to him after …

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