By Thomas J. Stanley
#5413 Not only are we spenders who barely understand the concept of frugality, we are big spenders on expensive elite brands, and we do it in an attempt to emulate the rich people we see on television, in magazines, and down the street. The recession may have caused us to take a breather, but every indication is that we will pick up right where we left off when gentler economic winds blow again.
Before you spend another dime, read this book and understand how to become rich instead of act rich. Stop Acting Rich will upend every assumption you have about wealthy people: where they shop, what they buy, and, most shockingly, where they live (it’s not where you think).
- Did you know that three times more millionaires live in homes valued at under $300,000 than over $1 million?
- Would it surprise you to learn that more millionaires drive Toyotas than BMWs?
- How about a second home? Not for the millionaire.
Bestselling author of The Millionaire Next Door and The Millionaire Mind and leading authority on the wealthy, Dr. Thomas Stanley uncovers the truth about spending to show you how you can really live rich.
It all starts with where you live. Live in a prestige neighborhood and you will spend more on everything from your car to your watch. Real millionaires understand that living in communities where their neighbors have less net worth than they do naturally leads to spending less. It’s easier to be rich when keeping up with the Joneses hardly costs anything.
Dr. Stanley’s research also uncovers what makes rich people happy. Life satisfaction comes not from cruising down the highway in a chunk of your net worth, but from having the financial resources to choose – to spend time with family and friends, to volunteer, to pursue your interests.
288 pages. Softcover (reprint). 2011.