Myths and prejudices about money and investments
In previous notes of this series we address the prejudices that people have about how to invest. This time we will learn the myths people have about how to make money. That is, the way to become millionaires. trans myths and prejudices about money and investments.
In our country, in general, does not look very well to people who have money. Leaving aside the issue of insecurity is a widespread feeling that money is always a way to cloudy. Beyond this particular perception, it is interesting to know how to make money in the developed world.
Thomas Stanley and William Danko, authors of The Millionaire Next Door (“The millionaire next door”) studied for twenty years to the wealthy Americans. The findings of the studies of these two academics are truly amazing. The investigations were focused on finding out who were the rich in America, how they had managed to become rich and what were their habits of life.
The findings showed surprising facts of how ordinary people became rich in just one generation. Consumer habits and life of the new rich are not like we can expect.
Stanley and Danko found that many of the people living in lavish homes and drove luxury cars were not necessarily rich. Of course, had high income, but their savings and wealth in general was very low.
In opposition to this, most millionaires do not live in lavish homes or driving cars or luxurious imported. Rather, quite the opposite. In general, consumption habits were very controlled and customs were unlike those of traditional millionaires
The first strong concept from the study is the fact of the enormous difference between income and wealth of individuals. In general, we tend to confuse a person with an imported car or expensive clothes with a rich. But this is not always so, because that person may have a high level of spending, but perhaps no capacity to save, therefore no ability to generate wealth.