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These are some findings from Dr. Thomas Stanley’s new book, Stop Acting Rich: And Start Living Like a Real Millionaire, based on his research and a national survey carried out by University of Georgia Survey Research Institute. You may find some of these interesting.
1. The #1 most popular make of car among millionaires is Toyota – not BMW or Mercedes.
2. Real millionaires pay about $16 (tip included) for a haircut at a traditional barbershop.
3. Nearly 4 in 10 millionaires buy wine that costs around $10.
4. There are currently more than 350,000 millionaire educators (working or retired teachers or professors) – a profession that is far better at transforming income into true wealth than doctors or lawyers.
5. Only 5.7 percent of all surveyed millionaires nationally paid $1000 or more for their most recently acquired suit.
6. Sixty-four percent of all real millionaires have never owned a second house.
7. The number one preferred brand of shoes worn by millionaire women is Nine West and their favorite clothing store is Ann Taylor – with the Gap and Costco not far behind.
8. Most real millionaires own Seiko watches and not Rolex, Omega or Tag Heuer.
9. Those who give away larger portions of their incomes to charitable causes end up accumulating more wealth.
What do you think about these results? It seems obvious to me that there is a fundamental mindset of frugality. Millionaires by nature look for ways to minimize expenses and do not spend a lot of items that return no value to them.
Thank you to FreeMoneyFinance for great article. [Source: http://www.freemoneyfinance.com/2009/11/what-real-millionaires-do.html]
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