S o, let's kick some knowledge for the young, cool brothers, when cool ain't good enough. This has been the description of the rich and famous in America. Tony Brown, noted author and talk show host, says there is a difference between being rich and being wealthy. He says that African people are one of the richest people in the world but have no wealth. Africans in America have 9 cents of wealth for every dollar that white households accumulate.
Most American households can only live one or two months without a pay check.
The wealthy can live for years without receiving a pay check. Most millionaires did it slowly, without signing a multimillion-dollar contract with an NBA team, without winning the lottery, without becoming Michael Jackson. Stanley and Danko found out that real millionaires avoid wasting money on expensive clothes, watches, and other status artifacts. Typically own a small factory, a chain of stores, or a service company. Compulsive saver and investor.