The Top Inspirational Quotes From The Book The Millionaire Next Door

The book “The Millionaire Next Door” by Thomas J Stanley is one of those classic books that teaches you what really goes on in a millionaire’s life. Most people think that millionaires have that luxury lifestyle with fancy cars and fancy houses. But quite the contrary, it’s much different.

Below are some fascinating quotes from the book. Enjoy.

“Whatever your income, always live below your means.” 

― Thomas J. Stanley

“I am not impressed with what people own. But I’m impressed with what they achieve. I’m proud to be a physician. Always strive to be the best in your field…. Don’t chase money. If you are the best in your field, money will find you.” 

― Thomas J. Stanley

Nothing has a greater impact on your wealth and your consumption than your choices of house and neighborhood. If you live in a high-price home in an exclusive community, you will spend more than you should and your ability to save and build wealth will be compromised. People who live in million-dollar homes are not millionaires. They may be high-income producers but, by trying to emulate glittering rich millionaires, they are living a treadmill existence.

“Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline.” 

― Thomas J. Stanley

People often attempt to shelter their children from the economic realities of life. But such shelters often produce adults who are in constant fear of tomorrow.

“Many people who live in expensive homes and drive luxury cars do not actually have much wealth. Then, we discovered something even odder: Many people who have a great deal of wealth do not even live in upscale neighborhoods.” 

― Thomas J. Stanley

“It’s easier to accumulate wealth if you don’t live in a high-status neighborhood.” 

― Thomas J. Stanley

Parents often ask us how to instill courage in their children. We suggest that children be exposed to the sales profession.

“If you’re not yet wealthy but want to be someday, never purchase a home that requires a mortgage that is more than twice your household’s total annual realized income.” 

― Thomas J. Stanley

“His view of millionaires is shared by most people who are not wealthy. They think millionaires own expensive clothes, watches, and other status artifacts. We have found this is not the case.” 

― Thomas J. Stanley

“it is very difficult for a married couple to accumulate wealth if one is a spendthrift. A household divided in its financial orientation is unlikely to accumulate significant wealth.” 

― Thomas J. Stanley

“Most people will never become wealthy in one generation if they are married to people who are wasteful. A couple cannot accumulate wealth if one of its members is a hyperconsumer.” 

― Thomas J. Stanley

“Allocating time and money in the pursuit of looking superior often has a predictable outcome: inferior economic achievement. What are three words that profile the affluent? FRUGAL FRUGAL FRUGAL” 

― Thomas J. Stanley

“For every millionaire who owns a $1,000 suit, there are at least six owners who have annual incomes in the $50,000 to $200,000 range but who are not millionaires.” ― Thomas J. Stanley

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Author: Khoa Bui

Khoa Bui is an author, trainer and chief editor of YouBeRelentless. He enjoys reading books on self development, success, productivity, money, relationships and leadership. When he's not writing, he likes to enjoy a glass of red wine with a fine cuban cigar while watching the entire season of Entourage. You can check out Khoa's work at www.khoa-bui.com.

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