©2000 Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D.; (P)2000 Simon & Schuster, Inc., All Rights Reserved, SOUND IDEAS is an Imprint of Simon & Schuster Audio Division, Simon & Schuster Inc.
"The implication of The Millionaire Next Door is that nearly anybody with a steady job can amass a tidy fortune." (Forbes)
the only thing that i probably missed on are the numbers for the current era...! the values inscribed are very inspiring...!! On my way to become one of the PAW ;-)
I think that this book has some very good ideas in it about living below your means and how to save/invest your money wisely. There is lots of beneficial advice and insight by listening to the book and the narrator was actually pleasing to listen to. The problem was that it felt like it was just a bunch of statistics about what type of lifestyles millionaires actually live. Here's the whole book summarized.
They don't drive the fancy $100,000 cars.
They don't spend $1,000's on clothes and food
They live below their means
They acquire wealth with time by saving and investing
That seems to be the whole book stretched over 8 hours of examples and gruesomely obvious "Who do you think is rich in this group" questions.
I think that everyone should read the book, and I mean READ so that you can glance over the repeating studies of people and get the core ideas to help you get rich.
No it has not, in fact after listening to this book I bought Rich Dad Poor Dad and enjoyed it.
It was nice to be able to listen to it. I would listen to it for over an hour a day going to and from work/school so it only took me a week to get through.
Live below your means and invest the money that you save.
Great ideas, just stretched out far too long by various case studies and every example the author could have thought of. The ideas could easily be presented in a half hour lecture but who knows, maybe it was the 8 hours of hearing this that made it stick with me.
A tough book to listen to. Contains a lot of statistics and acronyms. Hard to keep up with the stats without seeing them in print. You have to attend to the original meaning of an acronynym or else you'll have to "rewind". The narrator talked slow. I bumped the speed to 1.5 and it sounded like a normal conversation.
Engineer learning about personal finance.
Yes, I already recomended it to everyone at work!
yeah... Its not realy written like that so... all of them :-)
Just all the comparisons were benificial. (You'll understand when you listen to it)
How to reduce my "realized" income and in turn, reduce my taxable income.
Going to make all my kids read/listen to this book... (not right now though, 2 yrs old might be a little young)
Financial advice is a dull matter at best, especially for someone who doesn't know much about it. This book had a lot of short stories and anecdotes of grounding advice from those who have made it, and better yet, from those who never will.
This book has given me a language to solidify what I want and helped to define a financial common sense that I didn't quite understand before.
The book contains a lot of what I imagine must have been charts. They were very clearly read, however, and I was able to follow along easily. I found Cotter Smith very easy to pay close attention to.
High consumption lifestyles are not only undesirable, they are embarrassing. I have wealthy friends in my life that I once envied. Not anymore! I am happier with what I have, more frugal, and more content in the knowledge that those who flaunt their wealth are much more commonly "Big Hat, No Cattle." The story of the gentleman who turned down a Rolls Royce rang particularly true with me.
I approach my finances so differently after reading this book. I feel as though I have someone to look up to now, which is harder than it sounds because finances are something that are so rarely discussed.
Paint a picture of a variety of millionaires. Very dry. It is a book about being frugal and cheap rather than ideas on how to take good debts via solid correct and smart investments.
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