Saturday, April 9, 2011

What Rich Peopel Know & Desperately Want to Keep a Secret

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The cat is out of the bag! The "average" millionaire is not so different than the average anyone else. Thomas Stanley and William Danko told us so in The Millionaire Next Door (1996), and since then there have been a host of spin-offs and imitators telling us essentially the same thing. Most of the wealthy live simply, invest carefully, and buy sensibly. One significant distinction is that most millionaires are also successful in starting their own businesses and sticking with them. It seems that this is the case in Australia, too. Sher himself made his money by starting a publishing enterprise that specializes in putting out summaries of management books for businesspersons who do not have much time to read. Although American authors have focused on the simple lifestyles and investing habits of the well-to-do, Sher emphasizes their entrepreneurial skills. His guide is as much of a small-business manual as it is a how-to-get-rich one. Emphasizing the advantages of being one's own boss, Sher covers motivation, marketing, managing people, interpersonal skills, and business systems and procedures. David Rouse
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