How come I am not wealthy?

In the introduction to
The Millionaire Next Door, a question is asked in the
voice of the reader:






How come I am not wealthy?






The authors state:






Many people ask this question of themselves all the time.
Often they are hard-working, well-educated, high-income
people. Why, then, are so few affluent?






As I am rereading The Millionaire Next Door, as many
of you are, Iandacirc;andeuro;andtrade;m reminded of the reason the
work of defining wealth in America, of analyzing behaviors
that lead to financial independence, was and is so important:
many continue to ask this question and
havenandacirc;andeuro;andtrade;t yet found their answer.
Thankfully, one path to wealth accumulation, the one taken by
the millionaire-next-door types, has been documented quite
clearly:






They did it slowly, steadily, without signing a
multimillion-dollar contract with the Yankees, without
winning the lottery, without becoming the next Mick
Jagger.






A similar process applies to many of life's challenges:
learning a new skill, getting or staying in shape, raising
children, starting a new business:
achieving a tough goal, including becoming financially
independent, is a journey that takes
disciplined action over time.






By Sarah S. Fallaw, Ph.D.







This entry was originally posted on the Data Points
blog.