Monday, July 25, 2011

Book: The Millionaire Next Door

The keys of Self-made Millionaire

- Frugal
- Frugal
- Frugal

High income ≠ High net-worth

General characteristic of self-made millionaire (not necessary a high-income earner)
- work hard
- frugal lifestyle
- invest in asset (that generate income and appreciate in value)
- budget and follow it to control spending.