In the 1950s and 1960s, being a millionaire implied a level of wealth and exclusivity that few could hope to achieve. Becoming a millionaireAchieving millionaire status is a worthy financial goal for the 97% of Americans who aren’t there yet. The most important lesson from "The Millionaire Next Door" is that if you want to become a millionaire, you’ll need to live frugally. Hold onto your investments for a couple of years after that and you’ll likely achieve millionaire status — after about 24 years. Brenda P. Wenning is president of Wenning Investments LLC, of Newton.

Source: MetroXpress August 01, 2021 08:26 UTC