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!
listened to this book twice in one week ! I'm definitely going to listen to it a couple more times so I can take notes and implement these ideas and strategies .
I enjoyed listening to this book. The formula is a dated. But still good a good read. Spend on what you really need and don't try to look like a millionaire. Saving is the key to success.
Loved it and will be listening to the book again. a definite most read for those looking transition into a better financial state and also for children at least 14 years old. If this was some how taught in school our country would be better off.
Very informative. Keeping up with the Joneses will only lead to the poorhouse. The people who succeed in life, who create wealth and keep it are too busy minding their own businesses to be concerned with other peoples business . A must read for every young adult before they get their first pay check.
I am a technology / computer geek and have been since I was 14 years old. Now 33 years old at the time of this description. I enjoy listening to books just before I fall asleep.
Narration was very good. Had me desiring more every time I paused the book. It gave me a different look at my low income and that if I'm smart about how I handle things I could retire very comfortable. The take away for me was be frugal now or suffer later.
I would recommend this to anyone who desire a better life and yet may feel there is no hope of doing so.