©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)
The book is an interesting hearing/reading for pensioners or senior citizens...trying to coach them on how to be frugal. However, many people including myself learned the hard way that you have to spend money to make money. It's not a book for the sophisticated or the high networth individual.
The book is really geared towards showing the distinction between truly being wealthy and simply earning a lot of money. Based on the authors research, the book goes into details about how to accumulate wealth and the habits of people who do this well and those who do it poorly. I found the book helped open my eyes further about financially positioning myself for the future. On the downside, I found that the unabridged version was quite repetitive; they just keep pounding the same points home over and over. That and they didn't do a great job at reconciling some of the obvious biases in the results of their research. Still worth a listen, though.
I love knowing that the reason Millionaires become so is because they don't buy status artifacts. I also now know that providing too much support for your children is worse than not supporting them at all
The doctors, the wealthy one and the status one.
No I listened as I drove, I drive a lot.
A good listen but a bit long and redundant. This is not a a how to book, but rather a character study.
While the authors does a fine job of explaining the differences between PAWs and UAWs, it gives no mention to the remaining and largest percentage of the population... the middle.
It's repetitive. I am tired of listening to the virtues of buying a used Mercedes. I dislike the assumption that the man is the entrepreneur making the money and the woman is home clipping coupons.
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