©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)
For years I heard this was great read, but I guess you could say I was slow to the chase. It was so worth the wait. But I wish I would have listened to it sooner. This is a great first book if you are beginning the journey to reframing the way you think about money and what you believe wealthy people think about money. This book gives you both a statistical and practical view of the behavoirs that lead to becoming wealthy. This is not a how to book. It is more of "let's first understand" what wealth is and let's examine your personal behavior so you can begin to get in the same mindset to begin the journey to becoming wealthy.
Hello,. I find this book very educational for today's world,.. It is spoken in words we use everyday,.. It also will dispelled many dated beliefs about money and the mind set it takes to preserver with your personal goals,..
It will encourage you to have faith in daily self disciplines to benefit your future,..
Thanks for the advise,..
This book is so insightful and entertaining, that I could not stop listening. Well worth the time and money, a must read for every investor and spender!
This is a great book. Full of statics to backup their claims. Not so much a how to, but wake up call to all of us who want to be wealthy, but are not.
The theme of the book is millionaire don't spend as much as people who earn high income. Earning high income does not mean that a person is rich. In real life, we assume people who spend more as rich people but their networth may be less than people who don't spend on expensive goods. The books break common myths about millionaire. If a person has self discipline, live within the means and invest regularly, then he/she can become millionaire. On the other hand if a person is high earner and leads a upper class lifestyle, he may not become millionaire. It's a great book to read but towards the second half of the book, it began to feel like the same theme is repeated again. Spending behavior on automobile covers significant part of the book.
Wish I had read this one years ago. Have your kids read it too, it will provide motivation that is more valuable than anything else you might try to give them. Bottom line, it explains via examples, just why high income and wealth often have inverse correlation.
The key point in this book is by saving money and invest wisely, even with moderate income, people can get rich. I think the writer purposely crafted his message toward the "Majority" market not only because they are the most frustrated group, but also because they are the largest group. The subtle voice of "Although you are ordinary, you can do it too!", like cheesy infomercials at 2 AM, is very irritating. If you want to be a millionaire by: Never buy a set of suit for more than 500 dollars, or Never purchase a Luxury German automobile, or Never live in a house more than 200K dollars... read the book. For me, I want to maximize my income so I can SPEND it. Why be the lady who died in a low income neighborhood with 3 million dollars net worth that no one knows about. The sad thing is, she spent her whole life saving money and clipping coupons. What is the point?
Great content, but don't listen while you're driving; you may fall asleep! There are A LOT of examples - seemingly unending - some of them help in understanding, some don't.
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