Business book recommendation: ‘Stop Acting Rich’

  • Herald Staff
  • Tuesday, October 20, 2009 8:28pm
  • Business

“Stop Acting Rich … And Start Living Like a Real Millionaire,” by Thomas Stanley.

Recommended by Fred Sirianni, vice president and financial consultant with D.A. Davidson &Co. Thomas Stanley’s “Stop Acting Rich” cuts against most people’s views of what it takes to become financially free. He points out that nice cars, nice clothes, nice houses and the newest technologies typically mean not-so-nice savings. Some provocative findings include:

  • “To enhance your chances of becoming financially independent … you need to be surrounded by neighbors who have lower incomes than your household generates.”
  • “Only 7.3 percent of the millionaires surveyed own a bottle of wine that retails for more than $100. But nearly four in 10 have wine of the $10 or less variety.”
  • “If you want to be fawned on by salespeople, walk around with a Gucci shopping bag.”

    “A great read for adults or teenagers — I’m going to offer my kids $20 to read and report on it.”

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