Those who look wealthy often have a very small net worth, which is the difference between they own and what they owe. Looking wealthy and being wealthy are quite different things. But while they may appear rich and have a lot of cash to support their big mortgages, car payments and high living, that doesn’t make them wealthy. The book’s theme was that there are plenty of people who live in big houses, drive new cars and live in high-income neighbourhoods. The original had spun off a handful of related titles. According to the Atlanta Constitution, he was working with his industrial psychologist daughter on an updated Millionaire book. The book is in the news, because Stanley, 71, died in a car crash near his Atlanta area home on Feb. It has sold three million copies and made both men millionaires. The book evolved out of a look at who the rich are, how they get that way and how real money differs from the appearance of wealth. It was written 20 years ago by Thomas Stanley, a marketing professor at Georgia State University and William Danko, a student in his class who went on to do a Ph.D. The Millionaire Next Door was one of those unlikely success stories, a personal finance book that started out as a grad student’s MBA thesis and became a best-seller about the how the wealthy get that way.
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