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True, but this book is talking about your average millionaire. The book would of been great 10-15 years ago. A millionaire today is not the same as it was 20 years ago? What the author represents in this book is the "upper middle class". Here, I'll take a snippet from MJ, this guy is a...

Noticed I've said "funding" and starting businesses throughout these posts, I have never once said I "buy" businesses, once again you just have to stuff words in my mouth to feel better about yourself. Throughout this thread I've never attacked you but maybe you have a problem with successful...

Read that book ages ago. I read all of these financial books when I was poor :D You should see my bookcase. As I said earlier, my path to financial freedom was by creating a business, which grew in revenue, which gave me a good salary, which allowed me to fund more businesses and then acquire...

I think all this chatter is confusing people. Let me be clear on what my stance is: 1. Being frugal is good. However when one reaches a certain milestone, one celebrates, some people go on holidays, some people buy expensive things, it is a reward they give to themselves. This is strong...

When they started out they were poor. It was ONLY when they started earning a big salary did they start acquiring assets. This is the period when I would classify them as rich, but I don't understand what you're trying to get at? Would you consider some guy working at McDonalds to be wealthy...

Hey some people like to flash and show off their hard work with a brand new car, for others it's spending even more cash buying things for their friends/family. The only difference in this situation is that uncle derives more pleasure from giving than from driving around in a flashy car, however...

So where did John Ilhan get his millions to buy his Lambo and his multimillion dollar houses? I guess he was a faker as Ausprop would say since he was young and driving Lambos around. Mark Bouris offloaded Wizard for $500 million, not $14mill. Where did you get that figure from? I know there...

It seems there's quite a lot of average working families now who have a few properties under their belt, live frugally, drive old cars and now pat themselves on the back claiming they're the new generation of millionaires. The truth is, most of these are just your higher class suburbian families...

What you fail to understand, and it's understandably as you probably never earnt a high income is that someone on $500k/year income spending $150k on a car (30% of income) is equivalent to a poor rich individual who is on $70k income a year who purchases a Corolla ($21k), the only difference is...

Yep, I've seen both. Poor rich. Extremely frugal with their money, because they have to. They may have various properties, e.g. 5-10 properties but they are highly dependent on ensuring they live a frugal lifestyle to meet with those mortgage repayments. Any excess spending will wreck havoc on...

I guess you have a different definition of wealth. I would rate $500k/year salary as a base/standard salary if you want to be classified as a true rich millionaire. I've read The Millionaire Next Door and The Millionaire Mind years ago, both are excellent books and goes into detail about what...

heh, I'm willing to bet that you're not rich just by looking at your comments. You prob drive an old/no car and do not like the "rich". Rich people do not say things like that about themselves. Everytime I've heard comments like that, it always comes from a poor sod. You ever hear a rich bloke...