The book is also extremely well organized and formatted with helpful icons, tables, graphics and side notes of interest. Investing For Dummies is written for people with no background in investing, but even experienced and educated professionals will find useful advice and tidbits like how Federal Reserve officials invest their own money and the reason investment clubs are inappropriate for many individual investors. The combination of Tyson's background and excellent writing ability have resulted in a quality investment guide and reference. The Millionaire Next Door was originally released in 1996 but has been a consistent best seller into 1999. Stanley and Danko set out to study the traits and characteristics of Americas millionaires and many of their conclusions surprised the authors and contradicted many common stereotypes of wealthy people.
PAWs tend to be efficient rather than reckless with their money, time, and energy.
The book includes studies of the types of cars, clothes, and typical spending habits of millionaires, as well as an interesting look at how wealthy parents tend to raise their children and the disturbing consequences of excessive gift giving and economic support . Interestingly, the authors also found that while millionaires do tend to own stocks, they tend not to trade often . In fact, in their most recent study they found that 42 percent had made no trades whatsoever in the prior year. Click here to order The Millionaire Next Door . John C. Bogle founded The Vanguard Group, Inc. of mutual funds in 1974.