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http://en.wikipedia.org/wiki/The_Millionaire_Next_Door http://en.wikipedia.org/wiki/The_Millionaire_Next_Door The Millionaire Next Store is a good book about s

• raganwald 15y ago
  One week in Toronto, there was a massive snow storm. I lived in the suburb of Oakville, and when I got to the commuter train station in the morning, I discovered that the service had been canceled. They were running replacement buses, but the buses couldn't carry that many people. It was chaos. I spotted someone I knew from my Financial Modelling days, a LBO entrepreneur I will call "T." T was into buying and selling companies. Unlike the typical cost-cutting LBO types, T was a marketing specialist who thrived on identifying brands where company management were operations focused and had dropped the ball on marketing. T was also a deadhead who once told me that money really does change your life: He and his wife could fly to Grateful Dead concerts instead of driving the VW bus of their college years. T could afford a limo and driver, but his wife drops him at the train station every morning, because they only own one car. Even in a snow emergency, T was not fighting for a cab, he was trying to get on a bus. We linked arms and charged, and wound up in adjacent seats. He was pleased to see I had made it up to home ownership, and that I was reading a book about personal finance, "The Richest Man in Babylon." He told me about a book he said was the best book ever written about money, "The Millionaire Next Door." When we got to Toronto, I decided work could wait. I waded through the snow drifts to a book store and bought it on the spot.