Thomas Stanley tells it like it is in this fact filled tale about what characteristics set apart millionaires from their wasteful counterparts. I bet there are a lot of millionaires wishing they read this book at a younger age.
The Millionaire Next Door is my favorite book of all time. While I enjoyed this followup to it, it was not as profound as the original. It seemed to focus on multimillionaire behavior rather than millionaire behavior which I couldn't relate to as well and seemed very far out of reach. Cotter Smith's performance was excellent.
It's great to learn that millionaires in so many cases are just real people and in many cases are even some of the most frugal. Something that rang true for me was that you have to do what you love. If you're not doing what you love, change your career. After reading this, I'm going to change the direction of my business.
The title, although perfectly accurate, may make many people take a pass on it because they wouldn't want to read a book about millionaires. However, this book isn't so much about millionaires as it is about people. Very ordinary people who share similar traits that eventually and after many years of applying these traits, results in an accumulation of true wealth.
Extremely well researched and written. It is not written about dry and boring statistics, but filled with stories of people with similar traits that are gleaned from a lifetime of research and data gathering.
Cotter's narration is engaging and entertaining. No disappointments. Cotter delivers and makes the book even better.
I would suggest this book to anyone. I actively have suggested this book. Great audio for car rides/ commute. The book gets better and better as it goes on.
I expected a lot after reading the millionaire next door, but this book still managed to surprise. There's a really interesting chapter or two on real estate that is shockingly relevant to today. This book definitely shows that certain values and thought patterns are timeless whether good or bad.
Fascinating coverage that ultimately lead me to believe you and I can be "Millionaires" (that word should be read in the voice of the announcer from Slum Dog Millionaire). More shocking than the book is the reviews that talk about how poor (don't excuse my pun) the book is written. Let me clarify, if you are looking for a extremely well written book look else where. Now if you want to learn how to earn wealth and ultimately open your mind to how rich people live this book is a must read.
Through out its entirely the author corrects the reality of what wealthy individuals lives look like, from that which so many people without that kind of money imagine they must live like. This was extremely helpful for me, specially eye opening to how poor I am at managing my money and household.
Additionally this book helped me to think of how I should be modeling for my children to influence their behavior before its an issue like mine, or not focus on specific achievements thinking that will ultimately give them more money in future.
WARNING: You must read this with a open mind for suggestions on how to apply, which its a treasure map to the real riches.
Now if it points out flaws in your current "wealth" building strategy test both by asking your lawyer and CPA which method is best...sure you will get the right answer.
This book has really transform my mindset about how millionaire think and their lifestyle. The author is full of wisdom. I will recommend this book to anyone who really wants to know the core secret of the real rich people