The Millionaire Next Door

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Issue:

Book Reports

 

Written by:

Constance M

 

Date added:

April 24, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

5 / 1290

 

Was viewed:

5727 times

 

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Essay content:

The research for The Millionaire Next Door was comprised of personal, as well as focus group interviews, with more than 500 millionaires. A survey of 1,115 high net worth and/ or high income respondents was also compiled. The authors define the threshold for being wealthy as having a net worth of $1 million or more...
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This is one distinction that the authors make in comparison to what most Americans might perceive is the definition of wealth. As opposed to what most Americans in our society believe, a measure of an individual’s material possessions does not necessarily equate to being wealthy. According to the authors, wealth is what you accumulate and not what you spend...
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