Visit the Tanning Bed – $25 a month for skin cancer? Where do I sign up? If you want a tan, move to Florida.
Fixing something is usually significantly cheaper than buying a brand new replacement, especially if you fix it yourself.
Replace What is Not Broken – The millionaire next door fixes things.
Or buy some land in an area with growth potential. Invest in quality stocks, bonds and mutual funds, especially those with high yield dividends and interest. Most checking accounts yield little to nothing in interest.
Keep His Money in a Checking Account – If you want to increase your wealth you have to set your money up to make more money.
Better yet, avoid name brand clothing all together.
Pay Retail for Name Brand Clothing – You can easily save hundreds of dollars a year on clothing purchases by waiting for sales or shopping at discount retailers like Marshalls.
The millionaire next door desires long-term deferred compensation over instant gratification.
Desire Instant Gratification – You have to think long-term to attain long-term success.
It is impossible to save money if you constantly hang around people who blow it all.
Socialize with People Who Waste Money – The people you socialize with influence your habits.
Think He Knows It All – People who think they know it all stop learning and thus become unaware of new opportunities.
If done on a regular basis you will waste a few thousand dollars a year. If you eat out you will pay triple the price.
Eat Out on a Regular Basis – With the recent price increases in corn, wheat and dairy products, preparing your own food is already expensive enough.
Do not buy “stuff” right now that you cannot afford to pay for in cash right now! Monthly interest payments can add up to hundreds of dollars over the course of a year.
Carry a Monthly Credit Card Balance – Carrying a monthly credit card balance only makes sense if you enjoy poverty.
#The millionaire next door audiobook time full
Buy Brand New Cars – Why would anyone pay the full retail price worth half a year’s salary for the fastest depreciating assent on Earth? We are brainwashed!.
The amount of time spent on something means nothing if the results do not meet the expectations.
Use Time as a Measurement for Success – The millionaire next door measures success based on output quality, the results.
If you’re a woman, it may cost well over $50 a visit.
Go to a Hair Stylist – Even the cheapest barber shops charge men $15 – $20 for a haircut these days.
Pay for Lawn Service – You could save $150 a month, get some healthy exercise and maybe even a bit of a tan just by mowing your own yard.
The millionaire next door does a lot to get ahead, but you can be pretty sure the list excludes the following 20 points.
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