The Millionaire Next Door Post 3

As I continue through this book I am still enjoying it. The author, Thomas Stanley did extensive research to write this book and I think he is a very smart man. I want him to take care of my money when I get older. The author explains what a Prodigious Accumulator of Wealth or a PAW, who is someone who is very good at dealing with their money. Someone who invests their money in places that they will likely have a good return, and someone who does not spend frivolously. The author also talks about how it is much easier to become more wealthy when living in not very wealthy or high status community. Because someone is not living in a high status community it means they are spending less on their home, taxes on their home, and the size of their land can be increased. I am really enjoying reading this book, I am glad Daniel recommended it to me. There are similarities to the book I read second quarter, "7 Habits of Highly Effective People." Both books give advice on how to live what many would consider a better or a more effective life. I enjoy reading these and trying to apply some of these skills and ways of life to myself. I find it easier said then done, but I am working on it!