We were just broke. They moved into an apartment for two years. Tom Stanley has talked to more than 700 millionaires for the sequel to his New York Times best-seller The Millionaire Next Door . In his new book, The Millionaire Mind , Stanley shows that millionaires don't usually spend how people think they spend. People who want to be millionaires spend how they think millionaires spend.
Most people are recreational shoppers or impulse buyers.
And part of their lifestyle is to display these different kinds of clothes and artifacts. The lifestyle is very suburban Atlanta. For most people, common items like food, modest housing and clothes aren't income busters, Stanley says. Uncommon items like houses with floating staircases and Italian leather couches are income busters. It's very difficult to keep up with that.