Top 7 Lessons from the Millionaire Next Door

Check out this animated video summary from the book “The Millionaire Next Door”.

7 lessons they talk about are:

Factor #1: Live below your means.
Factor #2: Allocate your time, energy, and money efficiently, in ways conducive to building wealth.
Factor #3: Financial independence is more important than displaying high social status.
Factor #4: Work for it. Budget, save, and have a sustainable life style.
Factor #5: Work towards the goal of being economically self-sufficient.
Factor #6: Invest and target market opportunities.
Factor #7: Choose an occupation that can afford a decent life and the ability to save and invest.