14 Wealth Lessons from 'The Millionaire Next Door'

[@disruptapps]

My theory: 'Quiet Millionaires' have conquered their egos unlike their flamboyant counterparts who seek external validation.

[@SouLoveReal]

If you think about it, there really is NO such a thing as "external" validation.

[@disruptapps]

@@SouLoveReal LOL I understand your point of view but others may not - its just easier to say 'external validation' rather than to say 'someone who needs to be emotionally satisfied for being recognized by others in order to feel emotionally secure and justified.' Thank you for your comment :)

[@RockyMoth]

💯

[@MAMAGGray]

Can a millionaire come from the streets?

[@TheThankfulTightwad]

I am that millionaire next door, approaching 2 mil. I drive a 25 year old car, live in a modest but nice home. My husband and I are both very frugal, and we have been that way all our married life. We had decent incomes, but never high roller incomes..we just learned to save and invest at an early age. It can be done, although I know it’s much harder than it used to be. I used to get such push back from people who viewed me as an outcaste for such frugality lol, but they have to work now, and I don’t. Your videos are informative and interesting.

[@gintongaparador999]

how early did u invest?

[@cashflow68]

I too is your typical millionaire next door. I still drive my 2012 Honda Civic and shop at thrift stores. No shame at all. Im NO show and all dough. I hate the attention and people dont even bother me. Im happy.

[@NewGuy2024]

My father and mother in law immigrated to the US in the 1980's. They were uneducated and worked lower wage jobs raising 4 kids. They still managed to own a paid off house, all the kids finished college and saved around $500,000 cash for retirement. If you think about it, not bad with lower wage jobs, kids and zero investment advantages. Most Americans just spend too much money foolishly honestly.

[@UTP504]

That’s impressive, they definitely did well for themselves and their kids.

[@tdgdbs1]

We came to the US in 1992, parents retired with paid off primary house and several rentals. I'm the oldest, recently retired from the military after 30 years of service. My sister is a physician assistant, brother is a radiologist. No silver spoon here, I remember vividly my mother rode a bicycle to work in the snow. No AC or heat to save electricity, all of our foods came from the foodbank, clothes were donated to us from the church. We have no sympathy for entitlement, go out there and get yours!

[@Emily_CM]

I read that book years ago. More than 15 years. I would have been a MILLIONAIRE today if I had listened to … Great Video.

[@Luncheon23]

9:44 is so so true. We adopt our spending habits from the company we keep and the friends we have.

[@Just...Peachy]

Absolutely.

[@shco3279]

Working 2 jobs to pay off debts, and investing wisely, I’ve quietly and very boringly obtained millionaire status. A coworker remarked. “No one would want to live like you.” Little does she know…

[@peterjpavlov]

Wow, the nerve to even say that !

[@teresaanderson1313]

Epitome of quiet millionaire , well done 👏 I'm Inspired!

[@lauramcdermott3919]

Very well done and your co worker is the reason I think it’s best not to tell people.

[@sierrasky2491]

Thank you, austin, this book is gold. I remember listening to it on my old CD player and my pickup truck way back in the 90s I couldn't put it down. Years later I ended up doing every single thing that they outlined in that book unwittingly. And it got me where I needed to go. I can recommend this book to Everybody Get It On CD if you can

[@RobCLynch]

A self-made millionaire once told me that higher earners were just higher tax payers. That has always stayed with me. Therefore, since 1994, I haven't earned a penny.

[@danicegewiss862]

We are soclose to becoming millionaires. Once you reach that first million, the second million is easier

[@carakerr4081]

Thank you for this valuable information! We have a relatively low income 70k per year- we are able to put 500 into our 401k each month and 200-400 into our investment account monthly. We are also able to give 500 to our church and to the poor each month. We have 1 car - fully paid off and our economy rented apartment is 1400 a month. I am working to get our food budget down. We are starting later in life but it’s never too late to start! We hit 20k this year between our savings, investments and 401k. We only travel to see relatives and stay at their homes to decrease costs. We have 20 years to retirement and hope to retire with 500K. We probably will never be millionaires but we are now finally able to build wealth. God bless you all 🎄💕🎄💕🎄🙏🙏🙏

[@katezajac6730]

I read this book in Middle School changed my life

[@ElAgustin]

It's a great book!

[@michaelmalzahn-tx2zi]

@@ElAgustin have you read charles givens [I think that is he's name] 'wealth without risk'? i think his life history claims were fraudulent, but his wealth-creation advice is still pretty good.

[@MSF-19]

Read this book years ago, a must read for anyone who wants to be successful, and you will be 😉

[@somethingaboutsamantha]

Glad you’re safe n loving your new yet vintage home Austin & Star🎉 ❤

[@ElAgustin]

Thanks!

[@edithtirado1094]

You broke this down in such a simple and entertaining way. Gracias

[@ElAgustin]

Thanks! I try to keep it as simple as possible! It's a very complex process to do, haha

[@KimberlyO.Kitchens]

I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix. Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[@JasonB.Chisolm]

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving.

[@KarenJ.Mancia]

After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.

[@StephanieG.Augustus]

my partner’s been considering going the same route, could you share more info please on the advisor that guides you.

[@KarenJ.Mancia]

Her name is ‘Stacy Lynn Staples’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@CharlesT.Foster]

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her.

[@luisasterioquerubin6829]

Great illustration on good offense and defense. 3:23

[@andymarabella5179]

Great Video! I like the way you repeat your points.

[@hologramhouse729]

Merry Xmas Austin ! 🎅🏻 🎄🦌

[@siakelley2345]

I read that book around 5 times

[@vernasinclair2318]

Thank you!👍

[@james01-b8v]

If you want to make money online, the book I recommend is "The Gilded Nexus of Prosperity"

[@smith-e4h]

I swear that's the book that changed my life

[@KBWFreedomthrurealestate]

Good video/post!

[@michaelmalzahn-tx2zi]

i love this book. the pre-paid college advice might be outdated though. just gave it to my niece.

[@CharlesJones-bu5hk]

Great video. Thanks for sharing

[@lindafuller446]

I like your map.

[@ElAgustin]

Thanks! It's fun to put up!

[@teresaanderson1313]

Awesome video, very practical lifestyle nuggets, thank you Austin 👌🏻

[@cecilianduguta8241]

Loved the book!!!

[@kimwieczorek1879]

My Fav. Book !!!!!!!

[@Kelssinho]

Thank you for the education!

[@ElAgustin]

Thanks for watching!

[@reviewsbygen5591]

Did you read the other books in this series? Stop Acting Rich, The Next Millionaire Next Door? I do feel like more people need to read these books. Especially in the USA where there is so much pressure to show off. Everyone wants to look better off than the person next to them. And then I always wonder why…?

[@mariabanks8813]

Feliz Navidad y Prospero New Year 🎉😂2025

[@Just...Peachy]

Appearing average also helps you avoid attracting users. People just assume you have no money. Joke's on them 😂

[@andrekeulemans473]

People need to learn what happened to the Descendants of the Vanderbilts

[@arthurtreibs4174]

[@andrekeulemans473]

The Millionaires don't want to have a TV show. It would be exposing Their own Secret

[@chrishellize]

We are those people next door. We buy our clothes at modest shops, dont have fancy cars or phones and do all our own DIY and home maintenance. I cant think of a single extravagant thing we spend money on, except maybe a nice gym membership. We don't feel like we are missing out, we just don't care about all those high status products (actually we find them a little cringe). What we do care about is our lifestyle, so our one big extravagance (if you can call it that) was to retire in our 40's. Only two things in this video I disagree with, we did buy in an expensive neighbourhood - but it is in a small rural town, so overall not outrageously priced, and we are NOT risk takers. We are the very definition of cautious and no financial move is made without buckets of research and talking to our financial advisor and accountant.

[@james01-b8v]

3 Things That Helped Me Achieve Wealth: 1. I stopped telling myself, "I’ll do it tomorrow." 2. I started watching motivational videos. 3. I read a book called The Gilded Nexus of Prosperity

[@charletfoster8917]

Tortoise with your💵(investing n saving monthly) makes wealth💎💯👍🏿

[@kallistoindrani5689]

And a big part of me still doesn't believe this because of course the quiet type is just not visible.

[@maureenvallieres3555]

Ho my !I read this many year ago!❤😅

[@plappin]

Good stuff! Unfortunately a million ain't what it used to be: where I live (NYC) it might buy you a modest one-bedroom apartment and you're still going to have to pay maintenance or HOA fees. We might need to talk about ten-millionaires moving forward... ;)

[@truthtelleranon]

Or just don’t live in NYC

[@ElAgustin]

NYC is crazy expensive. You can make $100k as a single person and still be pinching pennies! I was shocked how expensive it was when I went there! But it's a fun place and perfect for some people...a theater kid like yourself!

[@hologramhouse729]

I keep feeling like 2025 is Austins breakout year

[@truthtelleranon]

He already broke out if you were here when he was under 10k

[@ElAgustin]

So far so good. Always room for growth though!

[@noreenn6976]

​@@ElAgustinlove your new apartment!

[@avenj4659]

❤❤❤

[@barbarabell1171]

❤

[@sarahcook908]

#teamtoyotacorolla haha

[@candles6103]

Are you a millionaire yet Augustín? 😂

[@ElAgustin]

Nah, just reviewing books now!

[@LK-hz2rg]

😅​@@ElAgustin

[@Observe199-l6w]

I just came to see that types of videos only appear as if you are promoting a book. With that said, I will not watch. I'll go now.

[@jrb1737]

♥️

[@Drumwolf62]

Not getting married is another way to save money. Women are very expensive. They constantly need things and complain if they don't get them. Plus if you get divorced, the wife could get at least half of your wealth or even more. So if you want to become wealthy do not get married.

[@eldersprig]

yeah AI are the best. electricity rather than carbs for the win.

[@candles6103]

bruh you could find someone with the same values as you tho? 😂

[@jacqueslee2592]

Well, before you marry, you have to court the woman, meaning you have to impress her. Most women are impressed by what you buy them, where you take them to dinner, what car you have, and what clothes you wear, where you go for vacations, where you shop. It is very difficult to find a simple woman who will be content with the minimum. They will burn through your savings. Once she moves in with you, your utility bills will go up because most women are very wasteful of water and electricity. She will take 1 hour showers daily, wash her clothes daily the whole day, use hair dryer for hours.

[@Jacquie_Kirk_111]

I've been with many men who blow money. Boats, cats etc. Be careful slamming all women.

[@morningmoondove5065]

I do not know where you're looking for women but we're not all like that. My dad use to just I could make a penny cry. And I am set w/o a man. What impresses me about a man is how he treats others. His values. Good luck.

[@james01-b8v]

"The Gilded Nexus of Prosperity " ebook, thank me later

[@reviewsbygen5591]

That’s a sketchy ebook and gambling app? 😂

[@kimberlyjohnson6052]

Thank you! ❤