I thought this was going to be an interesting inside view into the lives of millionaires....who they are....how they got there. In fairness, I suppose it has some of that but it's delivered with a level of excitement comparabe to an accounting teacher reading from an Excel spreadsheet. The book could be reduced to a pamphlet-sized document that says, "If you aren't getting rich, you're spending too much money."...... over and over and over.
Initially I was very excited about this book but it turned into a struggled to find the will power to finish it. If it weren't for the fast-forward button, I wouldn't have made it. Particularly frustrating was the authors tendency to explain a simple subject with nauseating repetition. He went on and on and on about the right and wrong way to buy a car (according to millionaires of course). After I got the point, I rode the FF button a long time to get through that section.
Besides the repetition, the authors tone was the next most irritating quality. It wasn't enough to just explain methods millionaires us to be successful....he presents it in terms of smart vs. dumb. The frugal people do everything right and the non-wealthy people do EVERYTHING wrong. It was so heavily biased that I expected him to say that non-wealthy people produce ugly babies. He gives lots of kudos for people that don't take vacations, don't buy nice things, and save every penny while those that travel the world and/or enjoy doing things that require spending money are presented as inferior. I don't want to be too hard on the author but his presentation makes me think that he would charaterize Ebenezer Scrooge as one of the "smart" people.
The book provides interesting information about the habits of wealthy people but I was left with the highly unexpected feeling that I wasn't sure I wanted to be like them. Most of them try to live as close to poverty as possible. Memories of special occasions are described by most people I know as priceless. These people appear to prefer a mizer's life of pinching every penny. No thanks.....
PS. He LOVES the word "prodigious". That word actually got stuck in my head and echoed for days after listening to this book.
A phenomenal book worth listening to. If you want a financial paradigm shift, The Millionaire Next Door can definitely help get you there. It's eye opening!
Detailed information on the attitudes and purchasing habits of America's affluent (circa the 1990s). I was saddened to learn that Thomas Stanley passed away last year. He did much to contribute to our understanding of how the wealthy think about risk, displaying status, and what they want for their children. Highly recommend.
I'd definitely listen to this book again. It's a little dry at times and the very dated recording definitely, but otherwise the information is pretty timeless. Live within your means (it's described as below your means in the book), and take careful time to invest your hard earned money. It's not about how much you make, it's about how much you keep--and from my personal experience this is VERY true in life!
Don't listen to it in a single sitting or for extended periods. It'll make it very difficult to understand the hefty amount of information being presented.
I really liked this book. Divulges common sense knowledge which people need to hear over again. Really like the stories that back up his ideas. Unable to give perfect score because I bore easily.
This book is not for everyone. Some will find all of the research facts and figures boring. I was captivated and taking mental notes. Though this research was likely all completed in my early years, the truths portrayed are the same today as they will be tomorrow. Big hats are not indicative of loads of cattle.
I couldn't stop listening to it it definitely change my mind about how to become a millionaire I had it wrong all this time thanks to the author for a briefly millionaire lesson
I like the information contained as well as the delivery. There was a lot of "fluff" where duplicate information was shared time and time again. Similar to in the book "the science of getting rich." If that does not bother you then you may not even notice, but the point here is very heavily driven. All in all I am very satisfied with this purchase and will be reading it again I am sure in the future. A+