The Millionaire Next Door

I just finished reading the book The Millionaire Next Door. It is an extremely interesting read, especially for a book written almost ten years ago! It's such a shame that I started reading it now, and not when it came out. It would have made me rethink some financial choices I've made in the past. I totally recommend it! It has some excellent case studies of millionaires, their occupations, their nationality, and how they overcame adversity to build their own businesses. Very few of the millionaires in the book are not self employed. And many of these millionaires are first-generation. They didn't inherit their wealth.. They are also wealthy, not rich. They calculate in the book the millionaires net worth by roughly multiplying what they make a year by their age, divided by ten. So, for example, if I was making $100,000 a year, at age 27, my net worth should be $270,000. Of course I'm not making a hundred grand, and my net worth is definitely not $270,000!