Originally Posted by
aero550
The Millionaire Next Door is not one of these books to avoid. It's more about taking a rational approach to building wealth, such as not getting sucked into keeping up with the Jones's.
The meaning of the title comes from the fact that you wouldn't suspect some of the true millionaires out on the street, because they just drive average cars and dress in average clothes, but they've got a comfy retirement socked away in their portfolio. And they may literally be your next door neighbor, you know, the guy that drives the 5 year old Taurus.
So true. I've glanced at that book and it seems filled with sound advice. Living in an affluent area, one sees that every other car on the road is a BMW, Jaguar, Mercedes - also see lots of Ferrari's etc. However I know for a fact that some of those people are mortgaged to their limit in order to keep up appearances. I also know of more than quite a few people with "bank" that drive 10-year old Toyota's, or maybe an old Beemer or pick-up truck.