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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

4.3 (2181 )
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Story
4.3 (1101 )
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Performance
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  •  
    Percy Williams New York City 06-19-12
    Percy Williams New York City 06-19-12

    Brotha' Percy

    ratings
    REVIEWS
    2
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    Performance
    Story
    "Enlightening!"
    Would you recommend this audiobook to a friend? If so, why?

    Anyone wanting to be a good steward of their finances should read this book. Invaluable.


    What did you like best about this story?

    The facts it presented.


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

    Believability.


    What did you learn from The Millionaire Next Door that you would use in your daily life?

    Wisdom about money.


    0 of 0 people found this review helpful
  •  
    Ahmad 06-14-12
    Ahmad 06-14-12
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    2
    2
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    Story
    "Classic Statistical Bias"

    The authors of this book both have PhDs so they should have know better than to publish a statistically biased book such as this one. They should rename this book the frugal millionaire. By simple logic this book has to be biased. These authors only interviewed millionaires who were willing to take a survey that was paying only $1 a page. Then the authors turn around and use this information to say: 35% of all millionaire don't spend more than $300 on a suit, 25% of all millionaires don't buy foreign cars, and 55% of all millionaires are married to teachers. These claims are misleading and false because the method these used to conduct the survey and compute these percentages are bias an false. Anyone with a basic understanding of statistics knows that to make claims about a certain group of people one must conduct a RANDOM experiment( or survey). The surveys conduct for this book were not random, they were extremely biased towards FRUGAL MILLIONAIRES. This book is a joke.

    0 of 0 people found this review helpful
  •  
    Sameh Brampton, ON, Canada 06-12-12
    Sameh Brampton, ON, Canada 06-12-12
    ratings
    REVIEWS
    6
    2
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    Performance
    Story
    "You Think You Know The Secrets of Millionaires!"
    What did you love best about The Millionaire Next Door?

    it was simple , straight forward to the point. It is really a great surprise to me to find out how high net worth people think , buy and live their life. I used to think totally different about self made millionaires , thanks to the book it made me realize I was wrong!

    Now , i know how the millionaire think , buy , plan , live and I think now I have an insights and secrets from their life.

    I have now a better chance to become one of them !


    What did you learn from The Millionaire Next Door that you would use in your daily life?

    how to buy next car , how to buy next home and how to estimate the net worth of myself and bench mark my current financials


    0 of 0 people found this review helpful
  •  
    John Miami Beach, FL, United States 06-07-12
    John Miami Beach, FL, United States 06-07-12 Member Since 2011
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    2
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    Story
    "Excellent Read, a must for beginning professionals"
    If you could sum up The Millionaire Next Door in three words, what would they be?

    Motivating, interesting informative.


    What did you like best about this story?

    It teaches you that to become a millionaire you actually have to live a relatively frugal lifestyle.


    Which scene was your favorite?

    The one about the damaging effects of economic outpatient care on adult children of wealthy parents.


    If you were to make a film of this book, what would be the tag line be?

    -


    Any additional comments?

    -

    0 of 0 people found this review helpful
  •  
    Kenneth Columbia, SC, United States 05-07-12
    Kenneth Columbia, SC, United States 05-07-12
    HELPFUL VOTES
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    "Good advise for how to prosper financially."

    Think you know how millionaires live their lives? This book will astound and amaze you. It is packed full of advise about the shopping and lifestyle habits of American millionaires. You may be looking at one of them right now and not know it.

    0 of 0 people found this review helpful
  •  
    Stephen Goshen, KY, United States 02-13-12
    Stephen Goshen, KY, United States 02-13-12 Member Since 2011
    ratings
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    3
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    Performance
    Story
    "A little dry, but great knowledge gained"
    If you could sum up The Millionaire Next Door in three words, what would they be?

    Insightful. The only people who wouldn't be surprised at the statistical research in this book are the actual millionaires themselves. Fascinating to see that they are mostly ordinary people living humble lives.


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

    Rich Dad, Poor Dad. Both books overlap nicely in that they focus on wealthy people's smart use of money.


    What three words best describe Cotter Smith’s voice?

    Adequate and fitting for a book of this gravity. Not exciting, but probably not supposed to be for the nature of this content.


    0 of 0 people found this review helpful
  •  
    Stephen T. Coomes Louisville, Ky. 02-13-12
    Stephen T. Coomes Louisville, Ky. 02-13-12 Member Since 2011

    Food Writer

    HELPFUL VOTES
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    Story
    "A little dry, but great knowledge gained"
    If you could sum up The Millionaire Next Door in three words, what would they be?

    Insightful. The only people who wouldn't be surprised at the statistical research in this book are the actual millionaires themselves. Fascinating to see that they are mostly ordinary people living humble lives.


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

    Rich Dad, Poor Dad. Both books overlap nicely in that they focus on wealthy people's smart use of money.


    What three words best describe Cotter Smith???s voice?

    Adequate and fitting for a book of this gravity. Not exciting, but probably not supposed to be for the nature of this content.


    0 of 0 people found this review helpful
  •  
    brian United States 02-11-12
    brian United States 02-11-12
    HELPFUL VOTES
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    "Great Idea for a Book"
    Would you consider the audio edition of The Millionaire Next Door to be better than the print version?

    The print version is probably better. I think the amount of statistics given make for better reading than listening.


    Would you recommend The Millionaire Next Door to your friends? Why or why not?

    I would recomend this book to anyone who wants to learn common sense ideas for handling money.


    What about Cotter Smith’s performance did you like?

    The reading was very good.


    What did you learn from The Millionaire Next Door that you would use in your daily life?

    This book teaches you exactly how millionares spend their money. It has confirmed my belief that most people who have a lot of fancy things really don't have any cash.


    Any additional comments?

    I highly recommend this book.

    0 of 0 people found this review helpful
  •  
    Jane irving, TX, United States 01-22-12
    Jane irving, TX, United States 01-22-12
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    "Must read."

    I loved this book from the first time i started listening to it.It is a must read for anyone who wants a to change their lives and prepare for a better future.Great insight.conclusion, things are not what they appear to be.

    0 of 0 people found this review helpful
  •  
    K Australia 01-05-12
    K Australia 01-05-12 Member Since 2009

    Fanatical Endurance Athlete, who listens to a lot of books while training.

    HELPFUL VOTES
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    "Any interesting book about the rich."
    What did you like best about this story?

    This book provided an interesting view of the millionaire community. What is surprising is that they don't all live the lifestyles that we would assume.

    Given they way the majority of millionaires live there is some lessons of financial value we could all learn.


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

    I think my search of the new and glossy may be greatly reduced and I'll look for more value for money and second hand products which are affordable to me, not affordable to the bank.


    0 of 0 people found this review helpful
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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 6 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 5 people found this review helpful
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