©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 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.
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.
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.
cut out the fluff - some statistics good & the story illustrates the point well enough it didn't need to be repeated over and over
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.
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.
Describing how a typical medium income level earning person becomes a millionaire.
The concept of investing time in how to invest and bend everyday financial decisions into an orchestra building a symphony of wealth.
I recommend this to other people looking to build wealth from modest incomes. Or really any income level.
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.
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.
The out patient economic care
Some laughing at how fake people can be.
I always supected that the Mc Manssion living, luxury car drivers were over leveraged and now I know.
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.
Love reading business and self development books as well the odd (good) fiction and inspirational success stories.
Insightful, informative, practical
The Millionare Mind
Places emphases on the numbers and the stats that highlight important facts about the millionaires
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.
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!
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.
He sometimes would go too fast especially through all the statistics
Just during the story's that compared how different people viewed and handled their money
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.
"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.
Fantastic this book has changed my life. This book is also recomended to me by Brian Tracy
"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
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