She’s grown up to become a researcher, earning a Ph.D.
Thomas Stanley’s daughter, Sarah, followed in her father’s footsteps. The book became a mega-bestseller and, to this day, remains a top personal finance classic.ĭr. In 1996, the researchers published their findings in a book called The Millionaire Next Door: The Surprising Secrets of America’s Wealthy. They’re self-made, meaning they did not inherit their wealth they’re first-generation millionaires. They don’t spend money on jewelry, watches, boats or other high-ticket items. They are disproportionately clustered in modest, middle-class neighborhoods. millionaire, they found, lives a frugal lifestyle. What they discovered was groundbreaking at the time. William Danko surveyed a vast number of millionaire households in the United States. #190: More than 20 years ago, affluence researchers Dr. About The Next Millionaire Next Door, with Dr.
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