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The Millionaire Next Door: The Surprising Secrets of America's Rich | [Thomas J. Stanley, William D. Danko]

The Millionaire Next Door: The Surprising Secrets of America's Rich

Listen to the incredible national best seller that is changing people's lives - and increasing their net worth. Also available:
The Millionaire Mind.
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Publisher's Summary

Who are the rich in this country? What do they do? How do they invest? How did they get rich? Can you ever become one of them? Get the answers in The Millionaire Next Door, the never-before-told story about wealth in America. You'll be surprised by what you find out.

©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.

What the Critics Say

"The implication of The Millionaire Next Door is that nearly anybody with a steady job can amass a tidy fortune." (Forbes)

What Members Say

Average Customer Rating

4.4 (2505 )
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4.4 (1355 )
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1 star
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Performance
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  •  
    Maria OAKTON, VA, US 04-07-14
    Maria OAKTON, VA, US 04-07-14 Member Since 2015
    ratings
    REVIEWS
    33
    1
    Overall
    Performance
    Story
    "Disappointing"
    Any additional comments?

    I should have heeded the reviews on this one that said the book was repetitive. Every chapter sounded exactly the same. The examples were very uninspired. There were some good suggestions about living frugally and saving but not worth the credit.

    0 of 0 people found this review helpful
  •  
    Alexandra 03-14-14
    Alexandra 03-14-14 Member Since 2014
    HELPFUL VOTES
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    "Meh"

    I got one valuable concept out of this book: play good defense before you up your offense. Apart from that, it seemed very repetitious. A lot of the detail was just not interesting to me. Take, for example, the chapter on cars. All I needed to know was: buy two-years used unless you have a reciprocal relationship with someone who owns a dealership. The story about the fax and the story about the author selling his own car were interesting, but all the details about X% of Y group bought Z car was boring and irrelevant.

    I will say the narrator achieved what practically no other narrator does: he disappeared. I never once felt annoyed or jarred out of the story by his reading. It was fantastic.

    On the whole, though, I'd recommend reading the Cliffs Notes on this one.

    0 of 0 people found this review helpful
  •  
    Julie 07-04-13
    Julie 07-04-13
    ratings
    REVIEWS
    6
    2
    Overall
    Performance
    Story
    "Lost interest, very boring listen"
    Would you say that listening to this book was time well-spent? Why or why not?

    Great information but seemed they just went on and on about the topic til it was a dead horse. I'm still not finished listening because the last 2 hours have not taught me anything the first 2 didn't teach me.


    What could Thomas J. Stanley and William D. Danko have done to make this a more enjoyable book for you?

    cut out the fluff - some statistics good & the story illustrates the point well enough it didn't need to be repeated over and over


    Did The Millionaire Next Door inspire you to do anything?

    Confirmed what I've learned from other books, live on less than you earn. Save and invest & don't spoil your kids or they will be UAWs.


    0 of 0 people found this review helpful
  •  
    Sean COLUMBIA, MD, United States 06-24-13
    Sean COLUMBIA, MD, United States 06-24-13
    HELPFUL VOTES
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    "Informative and helpful"
    Would you listen to The Millionaire Next Door again? Why?

    Yes. The facts included from research and real world examples made the points come to life in a very real way. It allowed the content to sink in and stick in my memory. In addition, the content was relevant to exactly what I wanted to know.


    What was one of the most memorable moments of The Millionaire Next Door?

    Describing how a typical medium income level earning person becomes a millionaire.


    Have you listened to any of Cotter Smith’s other performances before? How does this one compare?

    No. n/a


    What’s an idea from the book that you will remember?

    The concept of investing time in how to invest and bend everyday financial decisions into an orchestra building a symphony of wealth.


    Any additional comments?

    I recommend this to other people looking to build wealth from modest incomes. Or really any income level.

    0 of 0 people found this review helpful
  •  
    Prakash Hyderabad, India 05-14-13
    Prakash Hyderabad, India 05-14-13 Member Since 2014
    ratings
    REVIEWS
    16
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    Story
    "Inspirational and relatable"
    If you could sum up The Millionaire Next Door in three words, what would they be?

    real insight


    What did you like best about this story?

    Its an amazing book with really good insights into how normal people become rich, and being rich is not about just one idea that goes off in your head like most people think , but it is a pursuit . it sometimes has too many numbers and percentages but overall a very interesting listen.


    0 of 0 people found this review helpful
  •  
    Mike LAKE MILLS, IOWA, United States 04-01-13
    Mike LAKE MILLS, IOWA, United States 04-01-13 Member Since 2013
    HELPFUL VOTES
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    "Just get through the statistics and your good"
    If you could sum up The Millionaire Next Door in three words, what would they be?

    The rich do not look or act it and the ones that do are fake. This book makes perfect sense and knocks the lavish down to where they should be.


    What did you like best about this story?

    The truth!


    Which scene was your favorite?

    The out patient economic care


    Did you have an extreme reaction to this book? Did it make you laugh or cry?

    Some laughing at how fake people can be.


    Any additional comments?

    I always supected that the Mc Manssion living, luxury car drivers were over leveraged and now I know.

    0 of 0 people found this review helpful
  •  
    William SALEM, OREGON, United States 03-25-13
    William SALEM, OREGON, United States 03-25-13
    HELPFUL VOTES
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    "Excellent study on what makes people millionaires"
    Would you listen to The Millionaire Next Door again? Why?

    Yes... the book dispels a lot of myths about millionaires. It is interesting how income is not the main determining factor of accumulating wealth, and that middle class incomes often become millionaires, while many high income individuals end up broke. It is about spending and saving... the book gives some excellent examples of patterns of those that accumulate a lot of financial wealth.


    0 of 0 people found this review helpful
  •  
    christo Johannesburg, South Africa 02-24-13
    christo Johannesburg, South Africa 02-24-13 Member Since 2012

    Love reading business and self development books as well the odd (good) fiction and inspirational success stories.

    HELPFUL VOTES
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    "How REAL millionaires earn and spend their $$$"
    If you could sum up The Millionaire Next Door in three words, what would they be?

    Insightful, informative, practical


    What other book might you compare The Millionaire Next Door to and why?

    The Millionare Mind


    What does Cotter Smith bring to the story that you wouldn’t experience if you just read the book?

    Places emphases on the numbers and the stats that highlight important facts about the millionaires


    What insight do you think you’ll apply from The Millionaire Next Door?

    True (balance sheet) millionaires are not flashy with expensive watches and cars. They focus on their vocation and save and invest the surplus funds or reinvest into their businesses. Cut your expenses and put the money into assets that will appreciate in value over time.


    0 of 0 people found this review helpful
  •  
    Marcel Purmerend, Netherlands 02-20-13
    Marcel Purmerend, Netherlands 02-20-13 Member Since 2007

    Carpe Diem!

    HELPFUL VOTES
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    "Average to good, still a good recommendation"

    I would recommend this book to all you big spenders, asking themselves why they have a piece of the month left after your salary is finished. Some tips are easy, some are a bit more difficult to implement. The story is good, the reader does a good job but I have heard better. I have listened twice to this book and found out that I already had implemented some of the tips without exactly knowing why I did it. It just felt good... Know I know the backgrounds and feel more confident about planning, budgeting and long term financial planning.

    Don't follow the crowd, don't buy the latest gadgets, phones, cars etc. Buy this book and learn. You will be rich in your mind and long term, financially as well!

    0 of 0 people found this review helpful
  •  
    Brad Bethany, OK, United States 02-15-13
    Brad Bethany, OK, United States 02-15-13 Member Since 2011
    HELPFUL VOTES
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    "Great Book"
    What did you love best about The Millionaire Next Door?

    Very informative about how we think millionaires live vs. how they really live. People that we think are millionaires are not but how there are some people that you would not think are.


    What didn’t you like about Cotter Smith’s performance?

    He sometimes would go too fast especially through all the statistics


    Was there a moment in the book that particularly moved you?

    Just during the story's that compared how different people viewed and handled their money


    Any additional comments?

    I believe this book would be more effective read than listened too because it has so many statistics that you cannot catch them and what they mean. It sounds as though the reader is just reading off numbers.

    0 of 0 people found this review helpful
  • Showing: 71-80 of 137 results PREVIOUS178914NEXT
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  • Michael
    Manchester, United Kingdom
    12/23/12
    Overall
    "Makes money sense"

    Sobering read in todays instant gratification world. The chapters in this book will shift most peoples paradigms on wealth and its accumulation. The book provides a sages worth of attitude changing insights into why individuals need to be more conscious of money management. It indirectly also provides hope that with the right money and investment attitude, regardless of the level of current income, one can make steady progress towards a significantly improved financial position over the long run.

    6 of 7 people found this review helpful
  • Mohammed
    LEICESTER, United Kingdom
    12/29/11
    Overall
    "Briliant."

    Fantastic this book has changed my life. This book is also recomended to me by Brian Tracy

    5 of 6 people found this review helpful
  • simon
    Southwell, United Kingdom
    4/15/15
    Overall
    Performance
    Story
    "Interesting in parts"

    Liked the formulae to track your wealth.
    Always been a pay your self first investor never knew there was a term for it

    0 of 0 people found this review helpful
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