Millionaire Women Next Door

Once again, Thomas Stanley wrote a book I really enjoyed.  He profiled American women with more than a million dollars in assets.  Here’s what I learned about them:

  • They live below their means.  Their cars cost less than $30,000, their homes less than $300,000 and they don’t spend a lot of money.
  • They are small business owners.  They have lots of assets and not necessarily a big salary.
  • They have no debt.
  • They do their own investing.
  • They spend 10+ hours a week managing their finances, budget and investing.
  • They are very generous, giving lots of time and money to family and good causes.
  • Most people that know them would never guess they are millionaires.
  • They are happy.
  • They value being financially independent.
  • They enjoy their work.  They work for themselves.