When I was starting out financially, one of the hot books was The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Stanley and Danko, first published in 1996. The millionaires turned out to be small business owners driving Ford F-150s: the plumber with lots of vans, HVAC businesses, auto repair chains, commercial contractors, local real estate landlords.
The bestselling The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. Most of the truly wealthy in this country don’t live in Beverly Hills or on Park Avenue-they live next door.
Well, it’s 30 years later, and the overall idea essentially remains the same. Though $1.5 million in 1996 is more like over $3 million today. The Everywhere Millionaire: Who Is Really Rich in America and How They Got There by Zidar and Zwick provides updated data and new millionaire profiles.
Most people think the path to great wealth runs through Wall S...
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