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Editorial Review:
The incredible national bestseller that is changing people's lives -- and increasing their net worth!
CAN YOU SPOT THE MILLIONAIRE NEXT DOOR?
Who are the rich in this country?
Get the answers in The Millionaire Next Door, the never-before-told story about wealth in America. You'll be surprised at what you find out....
How can you join the ranks of America's wealthy (defined as people whose net worth is over $1 million)? It's easy, say doctors Stanley and Danko, who have spent the last 20 years interviewing members of this elite club: you just have to follow seven simple rules. The first rule is, always live well below your means. The last rule is, choose your occupation wisely. You'll have to buy the book to find out the other five. It's only fair. The authors' conclusions are commonsensical. But, as they point out, their prescription often flies in the face of what we think wealthy people should do. There are no pop stars or athletes in this book, but plenty of wallboard manufacturers--particularly ones who take cheap, infrequent vacations. Stanley and Danko mercilessly show how wealth takes sacrifice, discipline, and hard work, qualities that are positively discouraged by our high-consumption society. "You aren't what you drive," admonish the authors. Somewhere, Benjamin Franklin is smiling. --This text refers to the hardcover edition.
Customer Reviews:
Avg. Customer Rating: 4.0 / 5.0
The Classics:
This is a precursor of Robert Kyosaki's "Rich Dad", John Cummuta's "Transforming debt into Weath" and other financial intelligence books. John Cummuta have extended this work by explaining the concept of compound interest, while Robert Kyosaki have resolved the issue of "live beyond your means", advocated by Thomas J. Stanley. The drawback of mr. Stanley is that he doesn't seem to suggest what do with accumulated wealth, and only advocates being prudent and frugal as a lifestyle, e.g. do not buy luxury cars... more info
Great read, but don't take everything at face value:
Over the years i have read this book about a dozen times. I find this book incredibly inpsirational, and a very interesting and educational read. For myself, it has changed the way my family has earned, saved and spend. However, I don't aspire to be like the millionaires in this book. Many of them don't actually enjoy the pleasures their money can earn. This begs the question, whats the point of all this money. Is money there just to be hoarded? Or is money there just to be spend (which is what the authors... more info A must read:
I think people are missing the point if they think that this book intends that you should have a "miserable life and save and have no fun". I think the point is that our economy has conditioned a consumer hungry, non saving society and it is a lot a question of values and balance. If you are on either extreme of the scale, then you should rethink your ideas. You cant take it with you but you also should leave a little for rainy day and waste not-want not, lol. Repetitive. It would have been a brilliant 10-page article:
This is another interesting book that could have been a 5 to 10-page brilliant article. Repetitive to the extreme, the authors go on and on and on and on...
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