The Millionaire Next Door // 10 Lessons In 10 Minutes

Timecodes:

0:00 - Intro
0:07 - Prioritize Financial Independence
1:28 - Frugal
2:55 - Reasonable Car
3:43 - Reasonable House
4:37 - The Right Occupation
5:45 - Planners
6:48 - Marry Well
7:53 - Self Made
9:02 - Enough
9:54 - Ordinary People

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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.

[Rich-rdge]

Thank you for this. I'm 67 years old and still ride my bicycle to the grocery store, not because I'm poor, but because I enjoy it. Yes, I'm frugal, but I like the exercise part of this activity. I have a nice home and car, no debt, and am one of those millionaires next door. With a little discipline it can be done.

[encompassvideo]

I am a lawyer. I am 57. I found this book years ago. It is 90% of the reason I have been able to become independent financially.

[tracybrown]

Best book ever! I made my daughter read it and she lives by it. At 27 she has more money saved than many of my 50 year old friends.

[Nernst]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[terrisewell]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life too 🙏🙏🙏

[RyanContreras]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[CageFreeLowFatSugarFreeRange]

That guacamole story is a heart-throbber 🔥

[haydencraig]

When you invest, you're buying a day you don't have to work

[thejourney]

Another great and informative video! I bought and read this book when young. It is on my nightstand to this day. I retired last year. I am happy to say I am now the millionaire next door. It works!!!

[maxgregory]

Considering the times we are in, this book is more important than ever. Social media and easily accessible online shopping are a recipe to cause people to spend money when they shouldn't be. The book is a reminder to not cave in to what is around us and be smart with our income

[josephstupar]

Me and my girlfriend are 24/25 net worth of a 1/4 million, drive a 2001 buick and a 2012 Chevy. 700 square Ft home. I can’t wait to retire at 35-40

[Kornheiser]

The problem with the math behind TMND was addressed by Nassim Talib in Fooled By Randomness, because there is no information about the outcomes of those who take all the same steps but do not become millionaires, or just financially stable.

[sfcrmsa]

MR Tae Kim, thank you for your service in the US Army, choosing an initial career path of challenges, learning and leading. You have my admiration.

[dylananderson]

This is the most wholesome financial content I've seen on YT and I look forward to every release. Thank you!

[skoolie_life]

Great video!! Please do a video on the most effective way to play catch up on retirement in your mid to late 40’s. I’m 46, no debt, but only have $75k in a 403b that was started at age 32. I need way more and I need to take this more seriously!!

[dietbajablast]

"economic outpatient care" I've only heard that from one other source, and it's a good one. Bravo Tae on another stimulating video.

[stevensmiddlemass]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[NastyCat]

I’m 31 and on a financial growth journey, your channel has become one of the main sources of information and I take great value in your work! Much appreciated. Also that free guac story got a good chuckle out of me.

[JakeSpradlin]

This book and the simple path to wealth changed my life forever. Loved this video!

[TerryLBrockCPAE]

Very good points you make.. Tom Stanley lived those principles and taught them. I was lucky enough to have him as the best professor I had in my MBA program at Georgia State long ago. He was a wonderful man and very wise about so much. I loved that picture you had of him towards the end of the video. Thank you for sharing this.