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“What if he had taken full advantage of the tax-advantaged benefit from the time he was first employed? Today he would be a millionaire. Instead, he is on the perpetual earn-and-consume treadmill.”
― The Millionaire Next Door: The Surprising Secrets of America's Wealthy
― The Millionaire Next Door: The Surprising Secrets of America's Wealthy
“Great offense and poor defense translate into under accumulation of wealth.”
― The Millionaire Next Door: The Surprising Secrets of America's Wealthy
― The Millionaire Next Door: The Surprising Secrets of America's Wealthy
“If you’re not yet wealthy but want to be someday, never purchase a home that requires a mortgage that is more than twice your household’s total annual realized income.”
― The Millionaire Next Door: The Surprising Secrets of America's Wealthy
― The Millionaire Next Door: The Surprising Secrets of America's Wealthy
“His view of millionaires is shared by most people who are not wealthy. They think millionaires own expensive clothes, watches, and other status artifacts. We have found this is not the case.”
― The Millionaire Next Door: The Surprising Secrets of America's Wealthy
― The Millionaire Next Door: The Surprising Secrets of America's Wealthy
“How can well-educated, high-income people be so naive about money? Because being a well-educated, high-income earner does not automatically translate into financial independence. It takes planning and sacrificing.”
― The Millionaire Next Door: The Surprising Secrets of America's Wealthy
― The Millionaire Next Door: The Surprising Secrets of America's Wealthy
Bo’s 2025 Year in Books
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