Did you know that the typical American millionaire reads one nonfiction book a month?

Yep, just one of the surprising secrets of America’s wealthy.

Recently, I checked out The Millionaire Next Door from our local library. Authors Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D., do a fantabulous job of defining the pedigree of a typical US millionaire.

They write, “Affluent people typically follow a lifestyle conducive to accumulating money. In the course of our investigations, we discovered seven common denominators among those who successfully build wealth:

1. They live well below their means.

2. They allocate their time, energy, and money efficiently, in ways conducive to building wealth.

3. They believe that financial independence is more important than displaying high social status.

4. Their parents did not provide economic outpatient care.

5. Their adult children are economically self-sufficient.

6. They are proficient in targeting market opportunities.

7. They chose the right occupation” (p 3-4).

I highly recommend checking this book out . . . literally. There is so much meat within its pages that it’ll make you look at the way you spend and save differently.

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