The Thin Green Line: The Money Secrets of the Super Wealthy
By: Paul Sullivan
Simon & Schuster; First Edition edition (March 10, 2015)
What good is making $1 million a year if you are spending $1 million and 1 dollar per year? You are still one paycheck away from being broke. And your financial life looks completely different than the engineer that makes $120,000 per year – but lives on $90,000 per year. The former is just high income. The latter is security. In The Thin Green Line, Paul Sullivan takes us on a tour of what separates these two classes. Anyone interested in wealth – and habits of the wealthy – should not miss this book.
One of my favorite quotes:
Wealthy was different from being rich. Rich was a number, and as we saw in the Great Recession, one that did not equate to being financially secure. Wealthy could be a successful corporate attorney; it could also be a teacher who lived on her pension and savings. Rich was the guy in my town who drove the red Mercedes SL500 roadster, lived in a heavily mortgaged eighty- five- hundred- square- foot home, and had about a month to find a job before he— or his second wife— blew through what little savings he had.