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| From Hawk Mountain |
Stanley and Danko's book makes for a great, quick read as one browses through B&N on a Wednesday night. The theme of their work is that millionaires become wealthy not by earning so much more than the median income, but by spending less and saving more. It's possible I'm being duped by the statistics they show, but they make a convincing case that people who are worth around $10 million never earn too much more than people who are worth less than $.5 million, but that they are just that much better at saving over 3 to 4 decades. According to the patterns they report, Cami and I seem to be on the right track, though we may need to purchase some more disability insurance in case one of use can't work for a few months in the coming years.
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