This is a nice change from Joel Olsteen's gospel that Jesus wants you to be wealthy and live large, which many Republicans appear to adhere to. Stanley is the author of the Millionaire Next Door, which stands in sharp contrast to the Real Housewives of the OC.
Stop acting rich, start getting rich
The neighborhood you choose can have a powerful impact on how rich you become and how wealthy your children will be.
But the link between where you live and how much you're worth may be different than you expect.
So says wealth myth buster Thomas J. Stanley in his new book, "Stop Acting Rich . . . and Start Living Like a Real Millionaire." Stanley is on a mission to change how Americans view money, starting with the blockbuster he co-authored in 1996, "The Millionaire Next Door."
Too many Americans are what Stanley calls "aspirational spenders" -- people who spend money to make themselves look richer or more successful than they are.
But their "hyperconsumption" effectively torpedoes any chances they would have at accumulating real wealth, which typically requires spending significantly less than you earn and investing the difference.
In his latest survey of millionaire and nonmillionaire households, Stanley ranked more than 200,000 U.S. neighborhoods for wealth, then followed up by surveying select households, more than half of which were millionaires, which Stanley defines as having $1 million in investments, excluding their homes.
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