Daily Archives: June 17, 2015

Misconceptions of the Rich – Story of Adam Khoo 2

Many people have this misconception that in order to be rich or wealthy you need to  drive the priciest cars, fly first class and wear expensive clothes – in short you need to live an extravagant lifestyle. But reality proves that millionaires don’t live a flashy lifestyle and instead are very frugal/economical. Research presented in the best selling book, The Millionaire Next Door, shows that the most wealthy people are actually quite frugal. They do not live in big mansions or have the latest cars. This is a distorted image that has been created by televisions. Wealthy people are in fact very thrifty and only spend money when their is a need to. […]