Top 4 lesson learned from the book -"THE MILLIONAIRE NEXT DOOR"
Lesson 1: Don’t drive your wealth.
What is the most popular car among millionaires?
Toyota.
86% of luxury cars are purchased by non-millionaires.
The way to wealth isn't driving the expensive car to look cool. It is actually buying assets with that money.
Lesson 2: Invest in yourself.
Stocks are great, but you are greater.
The best return you will see in the return from investing into your education, health, relationships... YOU!
Continuously be a student of life & never stop learning.
Lesson 3: Income does not equal wealth.
While having a higher income helps with wealth building... what really matters is how much of the income is invested.
Someone who makes $250k but spends $260k is slowly falling behind someone who makes $70k, spends $50k & invests $20k!
Lesson 4: Love the spouse you’re with.
The majority of wealthy people are married and stay married to the same person (according to the book). Marriage shouldn’t be just about money, though.