An author who surveyed 600 millionaires has claimed that she found the secrets of getting rich. Sarah Stanley Fallaw, the author of The Next Millionaire Next Door: Enduring Strategies for Building Wealth, got her findings after she surveyed American millionaires in 2015 and 2016. The book is a follow-up to her father's research in the 1998 bestseller The Millionaire Next Door, which Thomas J. Stanley wrote with William D. Danko.
Stanley Fallaw argues that resilience (抗逆力) in the face of refusal and strict goal setting are important to building wealth. "To build wealth, to build one's own business, to ignore critics and media and neighbors, you must have the ambition to keep pursuing your goals past refusal and pain," wrote Stanley Fallaw in the new book, according to Business Insider. She added, "Millionaires and other economically successful Americans who decide to climb the corporate ladder (企业晋升制度), or struggle to create a financial independence lifestyle early do so by pushing on without stop."
Stanley Fallaw stresses the importance of setting goals and sticking to them, especially for budgeting. She says that living modestly even as your income grows will allow you to devote a greater percentage of your income towards savings and building wealth. "Most millionaires we interviewed stressed the great freedom that comes from spending below their means," Stanley Fallaw writes.
The author says that the temptation (诱惑) to keep up with the spending habits of the people around can be highly harmful to building wealth. Particularly in the age of social media, when lavish (浪费的) vacations and new purchases are broadcast for the world to see, the perseverance (坚持) to live thriftily (节俭地) is important, Stanley Fallaw argues.
