The Next Millionaire Next Door

Enduring Strategies for Building Wealth

By: Sarah Stanley Fallaw, Thomas J. Stanley

Narrated by: Stephen Wojtas

Length: 7 hrs and 11 mins

Publisher's summary

Over the past 40 years, Tom Stanley and his daughter Sarah Stanley Fallaw have been involved in research examining how self-made, economically successful Americans became that way.

Despite the publication of The Millionaire Next Door, The Millionaire Mind, and others, myths about wealth in America still abound. Government officials, journalists, and many Americans still tend to confuse income with wealth. A new generation of household financial managers are hearing from so-called experts in personal financial management due to the proliferation of the cottage industry of financial blogs, podcasts, and the like. In many cases, these outlets are simply experiences shared without science and case studies without data based on broader populations. Therefore, the authors decided to take another look at millionaires in the United States to examine what changes could be seen 20 years after the original publication of The Millionaire Next Door.

In this audiobook, the authors highlight how specific decisions, behaviors, and characteristics align with the discipline of wealth building, covering areas such as consumption, budgeting, careers, investing, and financial management in general. They include results from quantitative studies of wealth as well as case studies of individuals who have been successful in building wealth. They discuss general paths to building wealth on your own, focusing specifically on careers and lifestyles associated with each path, and what it takes to be successful in each.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2018 Affluent Market Institute, Ltd. and Sarah Stanley Fallaw, PhD (P)2019 Affluent Market Institute, Ltd. and Sarah Stanley Fallaw, PhD

So important to be financially literate.

I wish everyone could be more savvy with their finances and building wealth, wouldn’t have to rely so much on handouts and be enslaved to perpetual debt.

nice book, great to have an updated version

nice book, great to have an updated version of the first one. I was sorry to hear about the original author. His daughter did a terrific job of carrying the mantle. This would be a great book for someone young looking to understand how to build wealth.

Lots of informative stats

It had great information and stats. But not much of a story or diving into the information any deeper. But it will still help you a lot. It gets you in the right mind set.

Boring = safe!

Read both versions back to back.
Consistently invest 15% or more of your income, don’t try to keep up with the Joneses and you will be fine

very good

simple easy to understand , to apply, to remember. first part is a must before lesson

Great

Even better than millionaire next door. Can’t wait to read the rest of his collection

Impactful, practical, obtainable!

The narrator, in the end, ended up being very encouraging to my journey to wealth.

Great story but should include their behavior

Read the whole book all the way, it's good and learned a lot about it, but needs to get successful people such as interviewing Bill Gates and Warren Buffett. Also should describe the in-depth behaviors that cause successful people to become millionaires to become rich. Information about constantly exercise for 30 minutes 3-4 days a week, maintaining a good/close relationship with positive people, etc should be included.

Motivational

I enjoy reading Thomas J Stanley’s work along with Ramsey Solution Authors. It helps keep you on track to reach your personal goals with the ultimate goal of being Financially independent. No gimmicks or quick fixes just the repeated Mantra “slow and steady wins.”

Outstanding!

This book is awesome! I think Dr. Fallaw does a good of explaining the material is a way that is easy to understand. These behaviors can be applied by anyone.