“What good does it do to be well versed in investment opportunities when one has little or no money to invest?”
“What can you give your children to embrace the probability that they will become economically productive adults? In addition to an education, create an environment that honors independent thoughts and deeds, cherishes individual achievements, and rewards responsibility and leadership. Yes, the best things in life are often free. Teach your own to live on their own. it's much less costly financially, and in the long run, it is in the best interests of both the children and the parents.”
“Appearances are much less important than the courage, discipline, and resolve of people who are economically productive.”
Source: The Millionaire Next Door: The Surprising Secrets of America's Wealthy
“More than 80 percent have been married couple with children in which the wife did not work full time. What message did this send to the daughters of such couples? pg 182”
Source: The Millionaire Next Door: The Surprising Secrets of America's Wealthy
“The role of enlightened parents is too strengthen the weak.”
Source: The Millionaire Next Door: The Surprising Secrets of America's Wealthy
“It is not her intention to create another generation of "weak sisters.”
Source: The Millionaire Next Door: The Surprising Secrets of America's Wealthy
“The Rings give them educations. Such gifts are intended to enhance their grandchildren's discipline, ambition, and independence.”
Source: The Millionaire Next Door: The Surprising Secrets of America's Wealthy
“The affluent, especially the self-made affluent, are frugal and price-sensitive concerning many consumer products and services. But they are not nearly as price-sensitive when it comes to purchasing investment advice and services, accounting services, tax advice, legal services, medical and dental care for themselves and family members, educational products, and homes.”
Source: The Millionaire Next Door: The Surprising Secrets of America's Wealthy
“Changes in consumer preferences can also affect profits. So can the actions of our government.”
Source: The Millionaire Next Door: The Surprising Secrets of America's Wealthy
“Many successful business owners have told us that they enjoy "short periods of rough times" in their chosen industries because they weed out much of the competition.”
Source: The Millionaire Next Door: The Surprising Secrets of America's Wealthy