Jumia Book The Millionaire Next Door: The Surprising Secrets of America's Wealthy

Key Highlights

• Wealth is often unseen: Many millionaires are "ordinary" people like doctors, teachers, and  business owners who focus on financial independence rather than social status. 

• Live below your means: A primary reason for wealth accumulation among millionaires is their ability to live below their means and avoid unnecessary debt. 

• Frugality and planning are crucial: Millionaires meticulously manage their expenses, budget carefully, and consistently plan their finances. 

• Behavior is key: The book emphasizes that behavior, discipline, and mindset are more significant determinants of financial success than luck or high salaries alone. 

• Self-employment is common: A significant portion of millionaires are self-employed or entrepreneurs, which often contributes to building wealth. 

• Focus on long-term goals: They prioritize long-term growth through consistent saving and investing, rather than short-term gratification.