It all starts with where you live. Live in a prestige neighborhood and you will spend more on everything from your car to your watch. Real millionaires understand that living in communities where their neighbors have less net worth than they do naturally leads to spending less. It's easier to be rich when keeping up with the Joneses hardly costs anything. Life satisfaction comes not from cruising down the highway in a chunk of your net worth, but from having the financial resources to choose - to spend time with family and friends, to volunteer, to pursue interests.
Best-selling author of The Millionaire Next Door and The Millionaire Mind and leading authority on the wealthy, Dr. Thomas Stanley uncovers the truth that few people become rich by way of a high income, and even fewer high-income people are truly rich. The good news is that almost anyone can become wealthy - even without a super high income. Just stop acting...and instead start living like a rich person.
©2009 Thomas J. Stanley; (P)2009 Brilliance Audio, Inc.
I really enjoyed The Millionaire Next Door...but I was looking for some ideas on how to apply those principles in my (not always so frugal) life and habits. I thought this book was geared toward that end but instead, it consisted of entire chapters outlining what brands of shoe and types of vodka the rich and pseudo-rich purchase. Who cares? If you get that many millionaires don't drive, dress or drink like our culture thinks they do, then you don't need this book.
I really enjoyed Dr. Stanley's first book, "The Millionaire Next Door," but I found this one disappointing. He hits the same topics as the other books, "don't live in a rich neighborhood," "millionaires don't drive expensive cars," "don't buy expensive vodka," "continue to live frugally even once they have money," etc. He goes over these topics over and over again, with each chapter just telling the same point in a little different way. It became so repetetive I stopped listening. I think the authors insights are excellent, but I think the material is simply not broad enough for three different books.
How many words does it take to say that the true rich don't buy expensive Vodka or expensive watches? I wanted to like this book but too many words to keep harping on the same concept. I gave up.
If you have read/listened to "millionaire next door", you won't find new ideas in this book. Both these books have the same message... But this one is more emotional and less informative.
If you have not read "millionaire next door", you should definitely prefer it over "Stop Acting Rich".
This is a good read if this is your first Dr. Stanley book...but it doesn't come close to other books.
enjoyed the work. congrats to the author for putting together very enticing and provocative reflection of how we thinking why we buy
He talks up owners of certain brands, and down owners of other brands. Now, is it possible that readers in the first category give this book 5 stars?, and the latter 1 star? But it is still worth a read in my opinion.
This was another great book I think the best tip I learned was where you choose to buy a house will come with all kinds of other financial requirements than just the mortgage it also come with the purchases of status symbols.
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