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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 (2751 )
5 star
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4.4 (1555 )
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Story
4.4 (1568 )
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Performance
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  •  
    innkka 01-02-15
    innkka 01-02-15
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    "Great book!"

    Changes your point of view on our consumption culture and helps you learn how to save and invest. Highly recommended.

    0 of 0 people found this review helpful
  •  
    SSgt 01-02-15
    SSgt 01-02-15
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    "Great book!"

    A must read for those looking to avoid the rat race and that are looking to accumulate wealth. Highly recommended!

    0 of 0 people found this review helpful
  •  
    Aaron 10-21-14
    Aaron 10-21-14 Member Since 2015

    Engineer learning about personal finance.

    HELPFUL VOTES
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    "All the FACTS!!!"
    Would you recommend this audiobook to a friend? If so, why?

    Yes, I already recomended it to everyone at work!


    Who was your favorite character and why?

    yeah... Its not realy written like that so... all of them :-)


    Which scene was your favorite?

    Just all the comparisons were benificial. (You'll understand when you listen to it)


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

    How to reduce my "realized" income and in turn, reduce my taxable income.


    Any additional comments?

    Going to make all my kids read/listen to this book... (not right now though, 2 yrs old might be a little young)

    0 of 0 people found this review helpful
  •  
    Anna Mentzer Austin, TX 10-15-14
    Anna Mentzer Austin, TX 10-15-14 Member Since 2014
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    "a blueprint for common financial sense"
    Where does The Millionaire Next Door rank among all the audiobooks you’ve listened to so far?

    Financial advice is a dull matter at best, especially for someone who doesn't know much about it. This book had a lot of short stories and anecdotes of grounding advice from those who have made it, and better yet, from those who never will.


    What did you like best about this story?

    This book has given me a language to solidify what I want and helped to define a financial common sense that I didn't quite understand before.


    Which character – as performed by Cotter Smith – was your favorite?

    The book contains a lot of what I imagine must have been charts. They were very clearly read, however, and I was able to follow along easily. I found Cotter Smith very easy to pay close attention to.


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

    High consumption lifestyles are not only undesirable, they are embarrassing. I have wealthy friends in my life that I once envied. Not anymore! I am happier with what I have, more frugal, and more content in the knowledge that those who flaunt their wealth are much more commonly "Big Hat, No Cattle." The story of the gentleman who turned down a Rolls Royce rang particularly true with me.


    Any additional comments?

    I approach my finances so differently after reading this book. I feel as though I have someone to look up to now, which is harder than it sounds because finances are something that are so rarely discussed.

    0 of 0 people found this review helpful
  •  
    AJ 08-21-14
    AJ 08-21-14
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    "OMG-narrative like a government report on a survey"
    What could have made this a 4 or 5-star listening experience for you?

    Paint a picture of a variety of millionaires. Very dry. It is a book about being frugal and cheap rather than ideas on how to take good debts via solid correct and smart investments.


    Would you ever listen to anything by Thomas J. Stanley and William D. Danko again?

    Nope


    0 of 0 people found this review helpful
  •  
    CP 05-03-14
    CP 05-03-14
    ratings
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    4
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    "BEDTIME STORY"
    What did you love best about The Millionaire Next Door?

    This book provides much needed information.


    What did you like best about this story?

    This is non-fiction. There is no story.


    Would you be willing to try another one of Cotter Smith’s performances?

    Definitely not.


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

    "Stop wasting your money on looking wealthy"


    Any additional comments?

    Cotter Smith's narration is disappointing. I am losing interest in this book because his narration lacks emphasis and has a bad rhythm. Played at 1x speed, his voice puts me to sleep. Played at 1.5x speed, it loses clarity. The text is great. The narration is horrible.

    0 of 0 people found this review helpful
  •  
    Maria OAKTON, VA, US 04-07-14
    Maria OAKTON, VA, US 04-07-14 Listener Since 2008
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    "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
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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
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    6
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    "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
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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

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