Here's another post in our series on the learnings from the book The Millionaire Next Door. A quote from page 15:
Most of America's millionaires are first-generation rich. How is it possible for people from modest backgrounds to become millionaires in one generation? Why is it that so many people with similar socioeconomic backgrounds never accumulate even modest amounts of wealth?
Most people who become millionaires have confidence in their own abilities. They do not spend time worrying about whether or not their parents were wealthy. They do not believe that one must be born wealthy. Conversely, people of modest backgrounds who believe that only wealthy produce millionaires are predetermined to remain non-affluent.
I'm not sure where I net out on the whole mind/money connection, but I believe there is something there (I'm just not sure what or how to get a handle on it). The best I can offer you is to read the book "Think and Grow Rich". It's an old book, but is still the leading publication on the link between mind and money. And many of its theories are supported by this and other passages in The Millionaire Next Door.
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