What’s the deal with your neighbor?  His car’s 12 years old.  His house has minimal upgrades.  He’s the only guy left on the street who still cuts his own grass.  Is he a weirdo?  Or is he a millionaire?

Certainly, he’s a bit unconventional.  He does things a little different than everyone else.  But there’s a good chance he’s also a millionaire.  In fact, as explained in the book “The Millionaire Next Door” by Thomas J. Stanley and William D. Danko, this humble neighbor of yours fits the profile of a millionaire.  No kidding…

“The book defines the ‘millionaire next door’ as someone who doesn’t look the part,” explains Philipvan Doorn at MarketWatch.  “He or she makes no ostentatious display of wealth.  There’s no fancy car, no $5,000 watch, no McMansion.  This wealthy person lives in a regular middle-class or lower-middle-class neighborhood.

“According to statistics backing the book, ‘more than 80 percent [of U.S. millionaires] are ordinary people who have accumulated their wealth in one generation.’”   Indeed this is a notable achievement.  So what’s the secret…how did they do it? Continue reading →