Honestly, I didn't read this book cover to cover, but I read the section titles and then any section I found interesting.
Much of it was already information I knew just from my family. It didn't surprise me at all to learn that many millionaires are stealthy about their wealth instead of flaunting it. I knew that the way to wealth is to save and invest your money.
The biggest thing that I found surprising was that the majority of them were self employed.
This caused Blake and I to have the shortest lived dream ever. We came up with a whole plan to open a gym with some elements of Jenny Craig combined. For the whole two days that it lasted, it was a very real thought and consideration for our future.
But last night we were talking, and came to an important realization about life and specifically our future. We could do all the steps to open a small business or Blake become a pharmacist or any number of different futures and we might be wealthier that way...but would we be happier? Probably not.
A small business like that and the steps to get there would mean years of stressful, full, unhappy times. At this point, and probably in the future, the bottom line of sacrificing family time for a more comfortable life far in the future isn't worth it.
Anyways, the chapter itself said that while first generation millionaires were self employed, most of them don't wish that for their kids. Second generations are encouraged towards stable careers which might not ever make it big, but will have a steady, secure income like doctors, lawyers, or educators among others.
The last big take away was that receiving economic outpatient care from parents as an adult is actually detrimental to future wealth.
