FIN 1050

Millionaire Next Door

Reflection
Reading this book made me more knowledgeable in regards to saving and putting my money into investments. The book was able to explain to me that real millionaires are those who invest their money and rarely spend it on expensive things, while millionaires who spend all their money aren't really millionaires in the way television shows attempt to portray them as such. Instead they are people who tie up all their money in fancy things in an attempt to display their wealth, but they are really getting into a lot of unnecessary debt.

This book has also helped me by giving me the idea of saving more of my money and not spending it all on clothes. The concepts also helped me to decide that I would like to invest my money into stocks, bonds, and funds. I thought the book had some interesting concepts on saving money and how to avoid wasting it all on a bunch of expensive window dressing.

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