focus on savings not consumption and place energy in investing and not keeping up with the Jones's. The problem is that most people are focused on status rather than wealth accumulation.
This book changed forever my perception of millionaires. It has also shifted my paradigm of wealth accumulation and lifestyle choices. I walk away from this book with renewed determination to be more frugal with the intent of retaining my personal financial independence. Excellent read. Timeless financial advice. A financial book that every young adult should read and every retiree re-read. Audio presentation was well done.
Loved it. I'll read it again and take notes. A lot of valuable information. It's very important for young employees to start applying the techniques mentioned in this book.
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.
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