This post contains affiliate links. Kardashians) and insist on living within their means. Editorial Reviews. It discovers what millionaires do differently than their peers to accumulate wealth. In fact it goes as far as to say that most millionaires live in less costly areas because it costs alot of money to keep up with the JONES! It is based on years of research into the lives of millionaires, and is not a book to teach you how to become one. This book, however, was an utter waste of time. This post focuses on The Millionaire Next Door Review and whether this resource is worth your time and energy. Grab a copy of “The Millionaire Next Door… The book is the product of a series of studies carried out by the books authors, Thomas J. Stanley and William D. Danko, in the 1980s and 1990s. This post contains affiliate links. This book, now a classic, casts a spotlight on how many of the most financially secure individuals are not, in fact, those who live in the biggest homes, wear the most expensive suits, and drive the fanciest cars. The authors showcase the real millionaires in this country -- not the celebrities or heiresses or CEOs with golden parachutes that we think of. In fact their study showed 37 percent of their millionaires bought used cars opposed to new and paid cash of course. The concepts are simple and the answers seem to be too easy but for someone that loves plush things, I also know it unnecessary to have all sorts of things. There have been many foreclosures in the past year. Ok, for those that wish to live a simple lifestyle to accumulate wealth, this book is for you! Some people live as they will never die, and die as they had never lived. still work today, in some cases, even better. Bankruptcies will be especially devastating because of recent legislation modifying bankruptcy laws. Find helpful customer reviews and review ratings for The Millionaire Next Door: The Surprising Secrets of America's Rich at Amazon.com. Read honest and unbiased product reviews from our users. It’s a book about who the mi... It’s a book about who the mi... Theirs only a few books that make a difference in your life and really open your eyes. The must-read summary of Thomas J. Stanley and William D. Danko's book: "The Millionaire Next Door: The Surprising Secrets of America's Wealth". His Millionaire Women Next Door was selected as a finalist for the business book of the year by the Independent Publishers Association and was on several business best sellers lists. Very good. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy. I’ve made it a point to be a more intentional reader, so even though I enjoy fiction, I sprinkle in other genres, as well. The Millionaire Next Door has the best reputation. Kardashians) and insist on living within their means. I give The Millionaire Next Door the highest possible rating of five stars. It's an eye-opening book that will change the way you think. The book is a highly statistical exploration of America’s “millionaires”, which consists of households who have a net-worth of $1-10 MM. Dr. Stanleys first three books, Marketing to … The Millionaire Next Door isn’t meant to be a “how-to” on becoming a millionaire. The Millionaire Next Door Book Summary. The latest bubble (George Soros actually thinks 2 bubbles popped simultaneously last year -- the housing bubble and the 20 year credit bubble) could potentially be much more devastating than the tech. The last 10 years or so have been marked by periods of investment euphoria (tech & housing), followed by terrible hangovers that have destroyed the wealth of millions within a few years or even months. How do the rich get rich? The Millionaire Next Door by Thomas Stanley is one of the classics in personal finance. It is, however, an excellent book to get an inside look at the mind of a millionaire, based on a statistical study of 1,000 actual millionaires over a 20-year period. Thomas J. Stanley maakt nogal wat statements over zijn geheimen van de rijken op deze aarde. The primary reason that millionaires are economically successful is that they think differently. Author. Millionaires are becoming wealthy with a simple way of life, by being frugal, planning for Financial Independence, and investing. It also had a lot of charts, which is fun from a stats perspective and lends. How they managed to stretch that into 300+ pages I will never know. About the Author. The Next Millionaire Next Door is an illuminating and practical read that demystifies the “secret” to building wealth. His Millionaire Women Next Door was selected as a finalist for the business book of the year by the Independent Publishers Association and was on several business best sellers lists. 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