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CET · 11-06-2004, 04:50 AM

I've now quoted the figure "88% of all Amerians worth over $10 million are first generation wealthy" several times in this thread. If anyone wants to know where I got that, it's here: The Millionaire Next Door by Thomas J. Stanley and William D. Danko. This book is an exhaustive study into Americans with a net worth of over $10 million. It's a bit of a dry read, but it's under 300 pages and VERY insightful into how wealthy people become wealthy people, as well as how they stay wealthy. One of the things you'll learn is that those that inherit wealthy generally don't stay wealthy for very long. The day of dynasty fortunes is essentially dead, with only a few exceptions (Kennedy, Gore, Bush, etc).

11-06-2004, 04:50 AM
CET Confirmed User Join Date: Jul 2003 Location: Los Angeles Posts: 2,754	I've now quoted the figure "88% of all Amerians worth over $10 million are first generation wealthy" several times in this thread. If anyone wants to know where I got that, it's here: The Millionaire Next Door by Thomas J. Stanley and William D. Danko. This book is an exhaustive study into Americans with a net worth of over $10 million. It's a bit of a dry read, but it's under 300 pages and VERY insightful into how wealthy people become wealthy people, as well as how they stay wealthy. One of the things you'll learn is that those that inherit wealthy generally don't stay wealthy for very long. The day of dynasty fortunes is essentially dead, with only a few exceptions (Kennedy, Gore, Bush, etc). __________________ Alt Journals, Blogs for Perverts! Fitness and nutrition writer, and UNIX/Linux Sys Ad in training "Just as a man who has fallen into a heap of filth ought to seek the great pond of water covered with lotuses, which is near by: even so seek thou for the great deathless lake of Nirvana to wash off the defilement of wrong. If the lake is not sought, it is not the fault of the lake."