When Thomas J. Stanley and William D. Danko, the authors of The Millionaire Next Door, started researching their book, they sought interviews with people who had a net worth of a million dollars or more. Assuming that the richest people lived in the most expensive houses, the authors surveyed people in upscale neighborhoods across the country. But the authors soon discovered that many people living in big homes and driving expensive cars hadn’t accumulated much wealth. Why? Because they were spending their money to support lavish lifestyles instead of putting a portion of it aside to build
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