I pay yourself first

Rich, has a great interview with a quote very good (1 IMO book personal finance best ever) co-author Thomas Stanley, "Millionaire Next Door" slowly. I thought you and some (red), it will want to share my comments them. Here we go:

Revenue account only for about 30% of the variation of wealth. Pretend to make money and wealth by where to invest.

Again, in fact, is responsible in part for the fact that (we were talking about prosperity,. Does not require well-being and high-income farmers) that people only the rich high-income earners we to find, it is less than one-third of the reason that revenue is rich billionaire. It constitutes a large part of their success, which? They can (regardless. Their income) the fact that spend less than earn

I am, rather than earn for you to send, someone said something every time there is a fact that can be made rich by spending less than you. No, you do not know "Yes, but you also must have a high income." (Someone who earns an annual $ 10,000. No matter how rich cut spending they) "decent" You naturally income do not need to make a 6-digit thing is however necessary, you are a rich man.

And yes, I understand that there is a better chance that people with higher income has a rich. However, the above statement is to mean, a lot of people, you are not using this opportunity - spend the income increase just. It is not produced in the United States today, unfortunately, this is - there is a possibility (even doing for people who spend a high income or more) occur.

The statistics of happiness, the means of them, you if you look at the people who live in less than is more than happy those who do not in life in general.

Why is this right? In order to control their desires, always because they do not want to go to "more", is not it? They do because it is rich in the end, what it is, happy feeling? Thoughts?

The happiest people are people of most of the people living in a lot of money in the vicinity of them.

As described above, the income levels relative is a better predictor of happiness than absolute returns.

Price of the house, large correlation with all the money.

In other words you spend the maximum load capacity of the house, there is a possibility also that you spend the maximum load capacity of all kinds of other things to it. People who want to increase their fate will not understand. The United States, why is a billionaire three times more live in the house, that is. Market value is $ 300.000, less than human lives in a house of the value of more than $ 1,000,000 learn more why many homeowners are struggling.

Most of the people, should be their own business.

To remove the myth have your own business for you can be rich you need.

Many of the people of this country, there is a billionaire [not, independently] is.

Let me tell you from experience that can help you except yourself certainly, to obtain a large income.

As well as training, rather than money, billionaire Most intake of food. We found that the weight is correlated health. Rich man most is not overweight. They are healthier than most people.

Because Let's face it, they have been trained, many of these people is why is rich - and control (temptation to resist) and different parts of their lives, they get rich made. In many cases, this discipline is focused (such as health problems / W, for example) and other areas of life.

All in all, it will be great, but I really admire the writer. I read, Millionaire Next Door is a book that has been applied in college life after my initial. The result is abnormal, Dr. Stanley, that you have a big thanks to you!