©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)
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!
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+
the book was good. the message is fantastic. while the authors seem to provide conflicting messages about how to handle wealth at the end of life, the overarching message of frugality and discipline is crystal clear throughout. the book doesn't give any recipe for becoming a millionaire, but it does give a framework for how you can head that direction.
How to read this book: find an abridged version, and then only read the first chapter, a chapter in the middle, and the last chapter. To say that this book repeats itself is an understatement. That's not to say that what it's saying is any less valid. I definitely think everyone should read this book, it's just really annoying to read all the way through.
I plan to listen to this book once every few months so that I can hear the information and apply the information to my life. This book outlines and details the insights of what millionaires do. The focus is not in how they became rich, but the lifestyles that make them rich. If you want to be wise and become the millionaire next door, then this should be your first book.
The Millionaire Mind, which is the next book in the series. I also highly recommend that one. Think and Grow Rich, it has a lot of the same concepts except this book is more of how the Millionaires live rather than learning Technics like Think and Grow Rich teaches. Personally, I think you should listen to all three.
Cotter Smith is an amazing reader, I would enjoy hearing him read more books. In this book it is really the Narrator who is talking with a few examples from individual people. Either way, I enjoy Cotter Smith's reading and speaking style.
How the Millionaire Think and Lives
I highly recommend this book and after you are done with this one read/listen to the Millionaire Mind, then Think and Grow Rich.
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