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The Millionaire Next Door Audiobook

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

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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

4.5 (5815 )
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Performance
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  •  
    Adam 01-09-17
    Adam 01-09-17 Member Since 2016
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    2
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    "What a Book!"

    Very interesting book and so glad I purchased it. This gives you really good insight into how millionaires actually live and operate, treat their families and what accumulating wealth really means. Being frugal and making smart decisions. The data driven facts in this book are incredible, you'll be very surprised and possibly excited.

    Narration of the book is great and very understandable. The authors voice and tone are also very good, some narrators have annoying voices or perhaps read the text differently than perhaps I am accustomed to reading or listening to. This one is great and I recommend for all. It's not a waste of money or a credit. Enjoy!!!

    0 of 0 people found this review helpful
  •  
    Roman T. 01-08-17
    Roman T. 01-08-17
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    13
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    "Some dated material/ideas but worth a listen"

    Overall I was pleased with this book. As one would imagine, some of the examples included dated material and ideas.

    0 of 0 people found this review helpful
  •  
    Rin NEW YORK, NEW YORK, US 01-08-17
    Rin NEW YORK, NEW YORK, US 01-08-17 Member Since 2017
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    "too many stats"

    its better as a book because the stats are easier to digest. i wish this book came with some data vizualizations

    0 of 0 people found this review helpful
  •  
    Barry 01-07-17
    Barry 01-07-17
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    "Great insight on Wealth builders"

    An incredible audible to listen to when searching for ways to create financial security & stability!

    0 of 0 people found this review helpful
  •  
    Austin 01-07-17
    Austin 01-07-17 Member Since 2016

    Hey I'm Austin and I love to learn and read books.

    ratings
    REVIEWS
    14
    1
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    Performance
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    "Good overall points but way too much fluff"
    Is there anything you would change about this book?

    Yes - leave out the pointless information about droning on and on about the types of cars and such that millionaires drive. Just say cheap efficient vehicles; no need to compile a list.


    What was the most interesting aspect of this story? The least interesting?

    Millionaires essentially live below their means. Data from the 90's that is no longer relevant


    Do you think The Millionaire Next Door needs a follow-up book? Why or why not?

    Yes it needs a revised edition


    0 of 0 people found this review helpful
  •  
    Blaine Washington St.,USA 01-05-17
    Blaine Washington St.,USA 01-05-17
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    4
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    "Great book if I were to have read it in 1996."

    Tgis book was written in the 90s, great stuff within, still an interesting read. if they make a 2016 issue I would love to read that a lot more.

    0 of 0 people found this review helpful
  •  
    Jules- Toronto Product Photographer 01-04-17

    Jules @ Jules Design

    HELPFUL VOTES
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    "Everyone should read this book"

    You want to be rich? Read this book. This book is a compilation of stats on wealthy spending habits. You will call bs on so many people going forward who display outwards wealth including execs and doctors. Most people act rich but have little net worth. Best book I read on audible. Going forward I will be cheap and proud thanks to this book! Bravo! Bravo! Bravo!

    0 of 0 people found this review helpful
  •  
    Macaulay 01-02-17
    Macaulay 01-02-17
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    REVIEWS
    4
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    "Very insightful."

    Helped me put my financial goals in the forfront of my mind. Also was very motivating and thought provoking for what kind of lifestyle I want to live.

    0 of 0 people found this review helpful
  •  
    Matthew D. 12-29-16
    Matthew D. 12-29-16
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    "Every young aspiring productive human being should read this book"

    This book contains a myriad nuggets of wisdom and dispels many common misconceptions about the wealthy.

    Every young person about to attend college should read this book carefully and with intent before deciding how to map out their life.

    It's beautifully narrated, full of research and examples to back up the author's concepts.

    It uses common language and is easy to read. The ideas in this book are more than suitable to create an attitude change in the reader.

    If you're someone who earns a significant income but feels constantly behind, or like you depend on an occasional infusion of cash from your parents or grandparents, and you're tired and not truly being financially independent, this book is for you. But be forewarned: nothing in this book changes your situation, unless you decide to make changes yourself.

    0 of 0 people found this review helpful
  •  
    Veronica Burch 12-22-16 Member Since 2016
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    "Definitely a book everyone should read."

    I believe this book should be passed around for everyone to read, we need more books like this!!!

    0 of 0 people found this review helpful
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  • 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
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    Performance
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    "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
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    "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
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    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
  • Anonymous
    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
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    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

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