We are currently making improvements to the Audible site. In an effort to enhance the accessibility experience for our customers, we have created a page to more easily navigate the new experience, available at the web address www.audible.com/access .
The Millionaire Next Door Audiobook

The Millionaire Next Door: The Surprising Secrets of America's Rich

Regular Price:$27.93
  • Membership Details:
    • First book free with 30-day trial
    • $14.95/month thereafter for your choice of 1 new book each month
    • Cancel easily anytime
    • Exchange books you don't like
    • All selected books are yours to keep, even if you cancel
  • - or -

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

4.5 (5665 )
5 star
 (3541)
4 star
 (1497)
3 star
 (480)
2 star
 (96)
1 star
 (51)
Overall
4.5 (4068 )
5 star
 (2551)
4 star
 (1029)
3 star
 (355)
2 star
 (79)
1 star
 (54)
Story
4.5 (4083 )
5 star
 (2607)
4 star
 (1064)
3 star
 (324)
2 star
 (64)
1 star
 (24)
Performance
Sort by:
  •  
    Tracy Mount Louisa QueenslandAustralia 11-26-07
    Tracy Mount Louisa QueenslandAustralia 11-26-07
    HELPFUL VOTES
    3
    ratings
    REVIEWS
    1
    1
    FOLLOWERS
    FOLLOWING
    0
    0
    Overall
    "Good but long"

    Great content, but some topics dragged out too long.

    3 of 3 people found this review helpful
  •  
    Adryan Metro ManilaPhilippines 04-30-07
    Adryan Metro ManilaPhilippines 04-30-07 Member Since 2013
    HELPFUL VOTES
    78
    ratings
    REVIEWS
    81
    7
    FOLLOWERS
    FOLLOWING
    1
    0
    Overall
    "A classic"

    A very insightful book and body of research that bust the myth that popular media tells us that wealthy people are high living people who spend vast amounts of money in expensive homes, exotic cars and branded goods.

    Just because a person looks the part by driving a fancy sports car and wears an expensive Rolex, does not mean that he actually have money in the bank. A very sobering fact.

    In fact, the true millionaires of America, according to the book are frugal, live simply, and spend most of their income on investments. A very good and insightful research on the true nature of America's stewards of wealth.

    3 of 3 people found this review helpful
  •  
    Vikingabroad 08-09-05 Member Since 2008
    HELPFUL VOTES
    12
    ratings
    REVIEWS
    95
    3
    FOLLOWERS
    FOLLOWING
    0
    5
    Overall
    "Good book for the right person"

    If you have problems saving money, and you're a high income earner, then this book may interest you. Don't get me wrong, for most people that are interested in personal finances and wealth, it will give some insight and interesting stats that you may not have thought of before. But it could be summarized in a much much shorter book. Definitely get the abridged version (and that comes from a person that hates abridged versions)

    11 of 13 people found this review helpful
  •  
    Jim Eagan, MN, United States 04-03-05
    Jim Eagan, MN, United States 04-03-05 Member Since 2000
    HELPFUL VOTES
    17
    ratings
    REVIEWS
    44
    7
    FOLLOWERS
    FOLLOWING
    0
    0
    Overall
    "A little more respect for my neighbors"

    It was hard to imagine seeing our neighbor as a Millionaire before reading this book. Although I believe I do save enough for retirement, I still picked up great encouragement to do better. I played excellent Offense [could make a decent salary] but played terrible Defense [spend it if I have it]. From reading this book, I have put together a plan to be a millionaire in 14 years. Even if I do or don't make it, it's better to working at it with the tips given here!

    3 of 3 people found this review helpful
  •  
    Alison New Hope, PA, USA 08-11-04
    Alison New Hope, PA, USA 08-11-04
    HELPFUL VOTES
    189
    ratings
    REVIEWS
    20
    19
    FOLLOWERS
    FOLLOWING
    2
    0
    Overall
    "Interesting but preachy"

    The beginning of this book really held my interest as it described the general characteristics of millionaires in America. It was difficult, however, to really think through many of the statistics that were presented because some terms are not well-defined. In a print book I would have been able to flip back and forth from definitions or go look them up elsewhere, but it's harder to do that with audiobooks.

    The last third of the book drags quite a bit, and there are sections that get so preachy that I found it irritating. The book also ends very abruptly.

    In general I think this book isn't well-suited to the audio format.

    18 of 23 people found this review helpful
  •  
    Jeanne 02-07-15
    Jeanne 02-07-15 Member Since 2014
    HELPFUL VOTES
    5
    ratings
    REVIEWS
    2
    2
    FOLLOWERS
    FOLLOWING
    0
    0
    Overall
    Performance
    Story
    "Everybody should read this book."

    This book should be required reading in high school and college, especially where "conspicuous consumption" abounds. I am trying to get my 23-year-old to read it, as I think it will give him a perspective he is unlikely to have otherwise.

    2 of 2 people found this review helpful
  •  
    Lisa Matthews, NC, USA 01-27-05
    Lisa Matthews, NC, USA 01-27-05
    HELPFUL VOTES
    5
    ratings
    REVIEWS
    2
    1
    FOLLOWERS
    FOLLOWING
    0
    0
    Overall
    "Good, but not great"

    I thought this book offered some very interesting insights into the "typical" millionaire and what they do in contrast to typical high-income earners. However, the book addresses several topics repeatedly, which is a waste in my opinion.

    5 of 6 people found this review helpful
  •  
    Hasnul Rawang, N/A, Malaysia 02-05-04
    Hasnul Rawang, N/A, Malaysia 02-05-04
    HELPFUL VOTES
    32
    ratings
    REVIEWS
    2
    2
    FOLLOWERS
    FOLLOWING
    0
    0
    Overall
    "Good info but not really well organized"

    The book has lots of information on the wealth in America and how do the millionaires get there. There were too many number and statistics that they throw at you that for the first few hours, it might seem it's getting no where. The book is written like a research paper. I would have preffered that they created a summary of the major points to become wealthy, and then elaborate to prove or strengthen their points. I'm not sure for the abridged book, but for those who loves numbers and percentage and can appreciate the research style of the book, then go for it. If not, maybe you can try the abridged book(don't quote me on this because i've not listened to the abridged book). Overall, other than the organization of the book, i believe that the information is an eye opener especially in terms of how we define and maintain wealth.

    2 of 2 people found this review helpful
  •  
    AlephZero Rio de Janeiro, Brazil 05-28-03
    AlephZero Rio de Janeiro, Brazil 05-28-03 Listener Since 2002
    HELPFUL VOTES
    114
    ratings
    REVIEWS
    125
    3
    FOLLOWERS
    FOLLOWING
    0
    0
    Overall
    "The Millionaire Next Door"

    The book brings nothing new: if you start saving when you're young and be frugal (miser is more proper :) and have a good job all along, chances are you will accumulate wealth and be a millionaire when you retire, if any of these conditions are lacking then it will be harder to have the seven figures on your account.
    This is obvious. Why save so much if you can't enjoy what your means can buy without resorting to second hand cars and mediocre neighborhoods? Beats me.
    Their conclusions were obtained on research done on millionaires that accepted to be paid 100 to 200 dollars an hour to be interviewed, as mentioned on the text. Isn't it obvious that this would force any conclusion on their levels of frugality and their viewpoints to be skewed by the inherent biasing of the sample group? In other words, millionaires that are "frugal" enough to sell their time for a couple hundred bucks an hour are people that are naturally tight with their money anyway. That doesn't imply that millionaires in general behave this way, their research needs revising. Every sparrow is a bird but not every bird is a sparrow.
    Apart from that, the text is repetitive and the few formulas given are mediocre at best.
    The good effect of reading the book is that in a debt-crazy risk-taking America, a little serious self-examination comes in handy and the book reminds the readers of that. But don't expect the book to bring any original idea or surprising revelation.

    106 of 141 people found this review helpful
  •  
    Kadir K. 03-23-17
    Kadir K. 03-23-17

    Until Next Time

    HELPFUL VOTES
    1
    ratings
    REVIEWS
    9
    1
    FOLLOWERS
    FOLLOWING
    0
    0
    Overall
    Performance
    Story
    "Listen to this book!"

    If you are 20 something like me and have a hard time understanding WHERE your money goes... listen to this audible. It's a lot of numbers but I've listened to this 3 times already and always pick up something new!

    1 of 1 people found this review helpful
Sort by:
  • Michael
    Texas, USA
    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.

    8 of 9 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

    8 of 9 people found this review helpful
  • Judy Corstjens
    9/25/16
    Overall
    Performance
    Story
    "A fascinating analysis of a rather niche topic"

    The two authors have done vast amounts of thoughtful research into the spending patterns of affluent Americans, and the book often sounds like a market research report. This does not mean that it is not a fascinating piece of work, though I imagine it will not appeal to everyone. Thomas Stanley and William Danko set out a clear definition and analysis of what wealthy means, in their eyes. Their ‘wealth equation’ - age*gross annual income /10 - allows the authors to calculate an 'expected net worth' for individuals and thus determine whether a person is an accumulator (net worth > than estimate) or a spender (net worth < than estimate). They then compare the extremes, 'Prodigious Accumulators of Wealth' (PAWs) with ‘Under Accumulators of Wealth' (UAWs). This is in itself and insight. The key to being ‘rich’ (under their definition) is to live substantially below your means. In their world, PAWs are rich (even if they only have a net worth of $400k) and UAWs are poor even if they live the high life, subsidised by their parents or credit. This is actually more philosophical than financial – frugal PAWs feel financially secure and have the confidence that comes from being 'self-made', spendthrift UAWs worry about money and their old age. It’s very Mr Micawber: spend 19 pounds, 19 shillings and six pence, result happiness (though Micawber’s formula implies a surplus of 1/40 or 2.5%, S&D suggest you should aim for 10% or more). Stanley and Danko have also observed and then thought deeply about how the financial attitudes and behaviors of parents impact on their children. Many PAWs get it right by instilling the correct values of frugality and independence in their children. They help them with education and perhaps a house purchase or business investment, but they do not push cash gifts on their adult children. Unwise PAW parents use their wealth to cosset and/or control their children, while UAWs instill their spendthrift ways in their own offspring. Americans seem to think and talk more freely about money than we do in the UK, and the book is very US orientated, but I found it really useful to help me position myself in this domain. Obviously, the ideal is some Aristotelian virtuous median, to be neither a tight-wad, nor a spendthrift. This book will have a permanent impact on the way I handle the transfer of wealth to my own kids; I am going to spend more on myself (and my hardworking frugal husband) convinced that their independence is more valuable to our children than free cash.

    1 of 1 people found this review helpful
  • Bernice
    United Kingdom
    6/21/16
    Overall
    Performance
    Story
    "Very Different!"

    I have listened to many wealth books and found this one quite different and very, very interesting. For example there was a section about how children of the wealthy can be inspired to be independent rather than just spend their parents' money. There was also insightful information about inheritance. Although the book is American and a little old now, I believe these principles still hold.

    I did not expected to enjoy this book, but I did. I could not believe when the audiobook came to an end, I was so engaged.

    I would very much recommend this book. I would say a must for parents who have adult children they are supporting, or those considering how to pass on their wealth to their offspring in the future.

    Recommended.

    1 of 1 people found this review helpful
  • clive
    4/24/16
    Overall
    Performance
    Story
    "Spend 8 hours now to save 8 years work( or more ! )"

    A must listen book about personal finance . Much of today's personal finance writing has been inspired by the findings from the studies discussed in this publication . Everyone will learn something about personal finances and importantly themselves in the stories told in The Millionare Next Door .

    1 of 1 people found this review helpful
  • A User
    4/20/17
    Overall
    Performance
    Story
    "enjoyable read"

    Thoroughly enjoyed this book.. will revisit again in the future... some very good lessons to be learned.
    Narrator was spot on

    0 of 0 people found this review helpful
  • l girling
    11/24/16
    Overall
    Performance
    Story
    "You'll simply learn from this"

    Why don't they teach you in school this, compound interest. It's simple, save invest live less wildly and don't borrow. If you don't learn from the examples in this book then you don't want to learn.

    0 of 0 people found this review helpful
  • Colin
    11/15/16
    Overall
    Performance
    Story
    "Well worth a listen!"

    Some good ideas about making the difference between living the high life or choosing to live modestly in order to build wealth.

    0 of 0 people found this review helpful
  • shane
    8/23/16
    Overall
    Performance
    Story
    "eye opener "

    showed me different outlook on wealth really good book very educational i would highly recommend

    0 of 0 people found this review helpful
  • Adegboyega
    4/19/16
    Overall
    Performance
    Story
    "Nice read, no regrets."

    It is a book that makes sense though some things were overemphasised but was necessary. The points were clear and reasonable.

    0 of 0 people found this review helpful

Report Inappropriate Content

If you find this review inappropriate and think it should be removed from our site, let us know. This report will be reviewed by Audible and we will take appropriate action.

Cancel

Thank you.

Your report has been received. It will be reviewed by Audible and we will take appropriate action.