©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)
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!
This book was written 20+years ago, but you can still learn plenty from the principles presented in it.
I resolve not to be a consumer who wastes away my chance at true wealth and security.
I really enjoyed this book, as a younger person who makes it well so far and am just getting familiar with personal finance, this really helps orient me to the basic psychology of wealth building and the paths one could take through the journey. it is good foundational knowledge I can use as a litmus as I become more engulfed in the world of personal finance.
Great book, the truth of the affluent. Wise men learn from the success and failures of others.
Read early in life
Illuminating from beginning to end, best financial advice for anyone!
Be frugal, save, invest wisely
Wealth = Offense + Defense
Gaining insights that suggest how real wealthy people behave, as opposed to the rubbish presented in media.
Cotter Smith is a rock star. I wish all audio books were performed by Cotter Smith. Purchasing Thomas Stanley's next book, The Millionaire Mind, was largely influenced by the fact that Cotter Smith was once again the narrator.
Average Accumulation of Wealth (AAW) = (age/10) * annual income
Prodigious Accumulation of Wealth (PAW) = 2 * AAW
Under Accumulation of Wealth (UAW) = 1/2 * AAW
This book is not a strategy or "how to" like many other books in the genre, like Rich Dad, Poor Dad or Total Money Makeover. But it provides a different point of view - a statistical point of view - as to the habits and priorities of wealthy people.
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