Stop Acting Rich
by Thomas J. Stanley
Stanley on the 'aspirationals' who buy the symbols of wealth, cars, watches, wine, houses, and stay poor, versus actual millionaires who mostly do not. It is repetitive and heavy with brand data, but its core insight, that acting rich is the main obstacle to becoming rich, is delivered with force.
Read it if…
you earn well and have little to show for it.
Skip it if…
you are already frugal; the message will feel obvious.
Three things you will actually use
- The glittering rich are mostly not rich.
- Buy for use, not for display.
- Your neighborhood sets your spending; choose it carefully.
Do this first
List your five largest discretionary purchases of the year and ask whom each was for.
Our verdict
Blunt and repetitive; the point lands.
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