The Millionaire Next Door Post 2

I ended my last post talking about a lawyer who feels the pressure to keep up their appearance. On the other side of the spectrum you take a farmer who does not live near people with great wealth nor do they feel the pressure to look the part. That farmer is spending far less money than the lawyer therefore, they may be making less but are spending less so it is not much of a difference.
The author talks about people who take good care of their money. They place safe investments, and if they place a risky investment it has a chance for a big reward. People who gamble or put money into long odd stocks are not taking good care of their money will lose large sums of it.
The author has been study wealth for over 20 years in American and uses real life examples. This book talks about the idea of "spending tomorrow's cash today" and how dangerous this is. This leads to debt quicker than anything. "Spending today's cash tomorrow" creates wealth, and spending that money intelligently, and in ways that make give them good returns on their money over a period of time.  I am enjoying reading this book and it has opened my eyes to how to really acquire wealth in America. I feel this book can help a lot of people who have struggle financially and people who are well off. Everyone can be helped!