{"id":1151,"date":"2026-01-05T04:15:54","date_gmt":"2026-01-05T12:15:54","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=1151"},"modified":"2026-01-14T13:35:11","modified_gmt":"2026-01-14T21:35:11","slug":"19-things-the-millionaire-next-door-wont-tell-you-2","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id1151-19-things-the-millionaire-next-door-wont-tell-you-2.html","title":{"rendered":"19 Things Your Millionaire Neighbor Won&#8217;t Tell You"},"content":{"rendered":"<p><a href=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2010\/05\/millionaire-neighbor1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-24277\" title=\"financial success\" src=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2010\/05\/millionaire-neighbor1.jpg\" alt=\"financial success\" width=\"397\" height=\"256\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2010\/05\/millionaire-neighbor1.jpg 500w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2010\/05\/millionaire-neighbor1-300x193.jpg 300w\" sizes=\"auto, (max-width: 397px) 100vw, 397px\" \/><\/a>Although having a million bucks isn&#8217;t as impressive as it once was, most people still consider it as a sign of financial success. And judging by the number of actual millionaires enjoying life in the world today, there are apparently quite a lot of them.<\/p>\n<p>In fact, as of last year, there were more than 23 millionaires\u00a0in the United States alone.<\/p>\n<p>That&#8217;s a lot of people, people. And the odds are one or two of them are living near <strong><em>you<\/em><\/strong>.<\/p>\n<p>Heck, one of them might even be your neighbor. In fact, the odds are very good that it <strong><em>is <\/em><\/strong>your neighbor.<\/p>\n<p><em>But, Len, you don&#8217;t know my neighbor. That guy doesn&#8217;t look anything like a millionaire.<\/em><\/p>\n<p>Well, guess what? Believe it or not, your millionaire neighbor next door called (oh yeah, we go way back) and the two of us had a nice little chat.<\/p>\n<p>Here&#8217;s a few things he shared with me regarding his financial success but apparently doesn&#8217;t want to tell you. (No offense, I&#8217;m sure.)<\/p>\n<p>1. He always spends less than he earns. In fact his mantra is, over the long run, you&#8217;re better off if you strive to be anonymously rich rather than deceptively poor.<\/p>\n<p>2. He knows that <a href=\"https:\/\/lenpenzo.com\/blog\/id1406-why-patience-is-a-virtue-in-the-world-of-personal-finance.html\" target=\"_blank\" rel=\"noopener noreferrer\">patience is a virtue<\/a>; the odds are you won&#8217;t become a millionaire overnight. If you&#8217;re like him, your wealth will be accumulated gradually by diligently saving your money over multiple decades.<\/p>\n<p>3. When you go to his modest three-bed two-bath house, you&#8217;re going to be <a href=\"https:\/\/lenpenzo.com\/blog\/id483-im-just-askin-why-waste-money-at-starbucks-2.html\" target=\"_blank\" rel=\"noopener noreferrer\">drinking Folgers instead of Starbucks<\/a>. And if you need a lift, well, you&#8217;re going to get a ride in his ten-year-old economy sedan. And if you think that makes him cheap, ask him if he cares. (He doesn&#8217;t.)<\/p>\n<p>4. He pays off his credit cards in full every month. He&#8217;s smart enough to understand that if he can&#8217;t afford to pay cash for something, then he can&#8217;t afford it.<\/p>\n<p>5. He knows that failing to plan is the same as planning to fail. He also knows that the few millionaires that achieved their financial success without a plan got there only because of dumb luck. It&#8217;s not enough to simply declare that you want to be <a href=\"https:\/\/lenpenzo.com\/blog\/id14645-no-im-not-rich-but-i-am-financially-free-heres-how-i-got-there-2.html\" target=\"_blank\" rel=\"noopener noreferrer\">financially free<\/a>.<\/p>\n<p>6. He realized early on that money does not buy happiness. If you&#8217;re looking for nirvana, you need to focus on attaining financial freedom.<\/p>\n<p>7. He never forgets that financial freedom is a state of mind that comes from being debt free. Best of all, <a href=\"https:\/\/lenpenzo.com\/blog\/id93-high-income-doesnt-guarantee-financial-freedom-2.html\" target=\"_blank\" rel=\"noopener noreferrer\">it can be attained regardless of your income level<\/a>.<\/p>\n<p>8. He knows that getting a second job not only increases the size of your bank account quicker but it also keeps you busy &#8212; and being busy makes it difficult to spend what you already have.<\/p>\n<p>9. He understands that money is like a toddler; it is incapable of managing itself. After all, you can&#8217;t expect your money to grow and mature as it should without some form of credible money management.<\/p>\n<p>10. He&#8217;s a big believer in <a href=\"https:\/\/lenpenzo.com\/blog\/id3546-100-words-on-the-importance-of-always-paying-yourself-first-2.html\" target=\"_blank\" rel=\"noopener noreferrer\">paying yourself first<\/a>. Paying yourself first is an essential tenet of personal finance and a great way to build your savings and instill financial discipline.<\/p>\n<p>11. Although it&#8217;s possible to get rich if you spend your life making a living doing something you don&#8217;t enjoy, he wonders why you do. Life is too short.<\/p>\n<p>12. When it came time to set his savings goals, he wasn&#8217;t afraid to think big. Financial success demands that you have a vision that is significantly larger than you can currently deliver upon.<\/p>\n<p>13. Over time, he found out that hard work can often help make up for a lot of financial mistakes &#8212; and you will make <a href=\"https:\/\/lenpenzo.com\/blog\/id618-nobodys-perfect-my-10-dumbest-money-mistakes-part-1.html\" target=\"_blank\" rel=\"noopener noreferrer\">financial mistakes<\/a>.<\/p>\n<p>14. He realizes that stuff happens, that&#8217;s why you&#8217;re a fool if you don&#8217;t insure yourself against risk. Remember that the potential for bankruptcy is always just around the corner and can be triggered from multiple sources: the death of the family&#8217;s key bread winner, divorce, or disability that leads to a loss of work.<\/p>\n<p>15. He understands that time is an ally of the young. He was fortunate enough to begin saving in his twenties so he could take maximum advantage of <a href=\"https:\/\/lenpenzo.com\/blog\/id259-how-to-become-a-millionaire-in-28-days-2.html\" target=\"_blank\" rel=\"noopener noreferrer\">the power of compounding growth<\/a> on his nest egg.<\/p>\n<p>16. He knows that you can&#8217;t spend what you don&#8217;t see. You should use automatic paycheck deductions to build up your retirement and other savings accounts. As your salary increases you can painlessly increase the size of those deductions.<\/p>\n<p>17. Even though he has a job that he loves, he doesn&#8217;t have to work anymore because everything he owns is paid for &#8212; and has been for years.<\/p>\n<p>18. He&#8217;s not impressed that you drive an <a href=\"https:\/\/lenpenzo.com\/blog\/id1145-why-your-expensive-luxury-car-doesnt-impress-smart-people-or-me-2.html\" target=\"_blank\" rel=\"noopener noreferrer\">over-priced luxury car<\/a> and live in a McMansion that&#8217;s two sizes too big for your family of four. After all, he knows that judging one&#8217;s financial success by their possessions is folly.<\/p>\n<p>19. After six months of asking, he finally quit waiting for you to return his pruning shears. He broke down and bought himself a new pair last month. There&#8217;s no hard feelings though; with his financial success, he can afford it.<\/p>\n<p>So that&#8217;s it. Now you know what your millionaire neighbor won&#8217;t tell you.<\/p>\n<p>Oh, and, um, would you be so kind to keep this just between you and me? I&#8217;d hate to ruffle anyone&#8217;s feathers or cause of any kind of neighborly spat.<\/p>\n<p>Please?<\/p>\n<p>Thanks. You&#8217;re a peach.<\/p>\n<p style=\"text-align: right;\"><span style=\"font-size: smaller;\">Photo Credit: tabreandrew<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Although having a million bucks isn&#8217;t as impressive as it once was, most people still consider it as a sign of financial success. And judging by the number of actual millionaires enjoying life in the world today, there are apparently quite a lot of them. In fact, as of last year, there were more than [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":39402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[458,459,461,464,466,468,470],"tags":[],"class_list":{"0":"post-1151","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-credit-debt","8":"category-family","9":"category-investing","10":"category-retirement","11":"category-saving","12":"category-taxes","13":"category-tips","14":"pmpro-has-access","15":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>19 Things Your Millionaire Neighbor Won&#039;t Tell You<\/title>\n<meta name=\"description\" content=\"Your neighbor called and we had a nice chat. 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