📚 1 Books mentioned in "022 | The True Cost of Car Ownership" of ChooseFI
Here’s a list of all the books mentioned in this episode. Click on the links to watch specific excerpts on YouTube and feel free to purchase the books if they caught your interest!
The Millionaire Next Door
Buy The Millionaire Next Door by Thomas J. Stanley, William D. Danko on Amazon
yeah and I mean this this touches on you know the famous book The Millionaire Next Door right it's you know very rarely is the guy in the mcmansion with the BMW actually wealthy actually a millionaire Sure there are some that you know just make Oodles of money and can afford to waste it on frivolous stuff but but most normal people even you know upper middle class people who are you know executive levels you know you just even if you make 150 200 000 like that goes really quickly when you're spending a ton of money on your fixed expenses like your car and your house and you know it just those people just they aren't wealthy because they're spending all their money
Brad mentions the book to support the point that people who appear wealthy by spending on things like expensive cars are often not actually millionaires, contrasting them with the typical characteristics of millionaires described in the book.