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Publisher's Summary

The runaway best seller The Millionaire Next Door told us who America's wealthy really are. The Millionaire Mind tells how they got there, and how to become one of them. In this audio program, you'll discover the surprising answers to questions such as: what success factors made them wealthy in one generation; what part did luck and school grades play; how do they find the courage to take financial risks; how did they find their ideal vocations; what are their spouses like and how did they choose them; how do they run their households; how do they buy and sell their homes; and what are their favorite leisure activities. To become a millionaire you have to think like one. The Millionaire Mind tells you how.
©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 members say

Average Customer Ratings

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Paradigm Change.

Focuses on the behavior and thus making a compelling case for personal money management.
i am slowly changing my attitude towards money and it's working.

11 of 12 people found this review helpful

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The Millionaire Next Door is the better choice

Any additional comments?

I've listened to both The Millionaire Next Door, and The Millionaire Mind. If you've read one, you've gotten most of the content expressed in both books, and don't need the other, and the Millionaire Next Door was the better choice because the content was much more translatable. This book seemed like it was a lot of the think positive and you'll reach your goals, which I found to be patronizing and out of touch at times. It was an interesting listen, but not a very practical application to real life.

14 of 16 people found this review helpful

  • Overall
    5 out of 5 stars

Very enjoyable!

I have listened to this audio and enjoyed it a lot. I will pre-warn other listeners that a lot of numbers are given in this volume and it may be more helpful to have a paper copy at hand. The statistics are given throughout and this can sometimes be confusing. I advise other listeners to slow down their thinking and really listen to the words. Don't multi-task while listening to this tome, you'll miss the good stuff.

Multi-millionaires don't spend their money, they save it. They look for opportunities to get more for their dollar than just trying to appear rich.
The number of multi-millionaires that have been in their homes for just a few short years are very few, most have lived in the same place for 10+ years. Being wealthy isn't about how much a person paid for their car, but about which car to drive for an over-all cost per mile.

A good book to make a person think. If the statistics bother you, pick up a paper copy to read along.

12 of 14 people found this review helpful

  • Overall
    2 out of 5 stars
  • Sean
  • Columbus, OH, USA
  • 02-01-03

No Millionaire Next Door

Do not go into this book expecting it to be as good as _The Millionaire Next Door_ (which this author co-wrote). It isn't. This book is a mess and isn't even sure what it is about. Feels like everyone was so eager to follow up the smash hit as quickly as possible that they forgot all about editing. There are some interesting (and useful) new tidbits on the habits of those who have accumulated wealth, e.g., what kind of house and neighborhood does the typical millionaire live in, but most of this volume is spent moralizing about the American education system. This is where the book becomes schizo. One the one hand it shows that most of those who have gone on to become millionaires did not do well on standardized tests, and therefore did not go on to grad or pro schools, or even college (except doctors and lawyers, obviously, but most of those aren't millionaires). But then on the other hand it decries those who discourage those students who score poorly on such tests from going on to higher education, e.g., relating the story of Dr. Martin Luther King, Jr. But I am left asking why this is something to bemoan. The author seems to accept that the tests are fairly accurate predictors of academic performance, so if future millionaires don't and won't do well in these settings (for whatever reasons), why not let them go and do what they do best (and better than most) as quickly as possible? And as for MLK, why is he in this book? Did he become a millionaire? Save your money (better yet, invest it in a good mutual), and go check the first book out from the library and read it again.

46 of 60 people found this review helpful

  • Overall
    1 out of 5 stars

Like football commentary

Once, while listening to Monday Night Football, I heard the announcer state that a certain team was in trouble because "only 50%" of teams in that situation had ever recovered from such a point deficit/yard loss/injury etc. Such statistics are nonsense because the announcer could have just as easily said that the team had a great shot because a full 50% of teams in the same situation had turned things around.

Dr. Stanely does the same here. He takes a statistic and shoves it at you without telling the whole story. On several occassions he spoke of how a percentage of his survey takers reported activity X was important to their success. The percentage would be less than 50%. Dr. Stanley, however, would not bother to explain how the majority accomplished their success without performing activity X.

Dr. Stanley also contradicts himself at many points in the book. In one chapter, he explains that integrity is absolutely key to success. If you want to be a millionaire in one generation, you should make it a point to be honest with everyone. A chapter later, Dr. Stanley holds up a man as an example of the type of success he's talking about. This man beat the odds by becoming a top executive in the carpet business without having completed college, let alone graduating from a top ranked school. How did he do it? Dr. Stanley makes a point of the fact that the man had a special gift for sales. He also mentions, hurriedly and in passing, that the man LIED to his company about his education level. He informed this company on his application and in his interview that he was a college graduate. Hardly a man of integrity but undoubtedly successful. Dr. Stanley does not elaborate how one example reconciles with the other.

This book was a waste of time. Nothing is here that isn't common sense (work hard, love your job, invest wisely) or that isn't contradicted later (be honest, unless it pays to lie). Give this one a pass.

28 of 39 people found this review helpful

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STAY POOR by OPPOSING everything in this book!

I wish I read this book when I was sixteen or at least I wish I had listened to my parents ;) !

If you plan to be rich in the future then make sure you read this today!

This book is a product of intensive research on more than 700 affluent millionaires in America. The author has intensive experience in the field as it is his life's long work. He is very insightful and shares so many insights, such as:

How they made their money and how they invest it? Do they own so much stuff?
What were their academic performance in high school and college?
Who do they marry, do they have kids?
How much do they spend for leisure and what are their priorities in life?

You would be surprised to know the answers because having a millionaire mindset is not what you see in Hollywood, but a rather more meaningful lifestyle.

1 of 1 people found this review helpful

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Informative and Motivational

The enjoyment was increased by knowing most of the attributes of the millionaires are similar to the practices I keep. Some statistics were mind blowing and informative on opportunities to align with a solid group as written in the book.

1 of 1 people found this review helpful

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Such an awesome book!

learned a lot and found some weak mindsets I need to change in my daily life

1 of 1 people found this review helpful

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    5 out of 5 stars

It is about time

I was very impressed with this book. At first, I too was somewhat skeptical, thinking it might be another one of those gee-whiz books. However, Dr. Stanley did his research and in eloquent language, blows the cover on the wealth myth. So many people in America are either trying to be the Jones or catch up with them, that we are spending our way to poverty and financial bondage. Stanley sheds important light on the truth about wealth and those who know how to acquire it and keep it. I recommend this book to anyone that is serious about true prosperity.

10 of 15 people found this review helpful

  • Overall
    5 out of 5 stars
  • Michael
  • North Babylon, NY, USA
  • 01-03-05

a great book to learn to live economically & well

this book & the Millianaire next door are terific books to help you learn to live better and wealthier

4 of 6 people found this review helpful

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  • Amazon Customer
  • 08-28-10

Excellent work

This is a fascinating insight into the Millionaire mind, this is the kind of book that you need to know. It can get a little heavy going at times but take it in smaller chunks and you will learn a lot. I have listened to this many times since downloading it.

5 of 5 people found this review helpful

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  • Charlene Allison
  • 01-26-15

Goes Into Great Detail

I have just finished listening to The Millionaire Mind. It goes into great detail of how the millionaire mind thinks. I am aspiring to become a millionairess and this audio book this absolutely perfect for grea inspiration and guidance. This book has become my mentor!

2 of 2 people found this review helpful

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  • Filips Baumanis
  • 12-06-14

Excelent work based on real survey data

Would you consider the audio edition of The Millionaire Mind to be better than the print version?

Audio book allows you to listen while driving a car or doing other things, but for this book I also purchased a paper version so I could listen to it and read along to gain maximums concentration. it is that good!

1 of 1 people found this review helpful

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  • Amazon Customer
  • 12-21-18

Enjoy life and best thing in life comes for free.

Save and Invest, earners and busy people miss the investment part and never become weathly. Great deal on spouse selection and the revelation that most of millionaire have one person on job or both work in same business owned by them.

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  • Surrey
  • 05-15-18

BRILLIANT.

This audio book is nothing less than brilliant. My only advice to anyone whom reads this review is to buy this audio book and listen very carefully because what you will hear is life changing.

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  • Tinashe
  • 04-08-18

<br />Brilliant

Brilliant read and a lot of hidden gems . totally recommend this bad boy for sure

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  • Amazon Customer
  • 03-25-18

Excellent Book

Excellent book..great insight and time tested wisdom....great stories of successfull people you dont realise are around you...

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  • J. Golubcov
  • 02-14-17

information to concider

Useful informatiom thats worth to know and probably helpful to consider when doing certaine types of decissions.

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  • Rik Muschamp
  • 11-07-16

Useful insight into the mindset of millionaires

Any additional comments?

Good narration contributes to keeping this book interesting throughout. Like all long audiobooks, it does tend to get a bit repetitive towards the end but in general, this is a thorough examination of how millionaires think about and spend their money as well as how they earn it. I'm sure most people could take a lot from this book and the simple examples given seem obvious once you know about them.

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  • pp9
  • 03-26-15

Excellent insights and research findings

Super book. Real good insights into the lives of the millionaires from spending habits to priorities to wives personalities. Lots to learn from this if you want to be a millionaire. All starts from within.

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  • Insane
  • 11-23-15

It's a long case study, but good

The book is an analysis of the findings of his research into millionaires and how they live. It is quite long, but the content is great.

Very thought provoking.

1 of 1 people found this review helpful

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  • Jan
  • 10-11-18

The Millionaire Mind

This was just fantastic book and very well written. The take home points are extremely good for one to put into practice. Well done

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  • Josh Hollitt
  • 05-28-18

An insight to how the truly wealthy tick

This book summarises a comprehensive study into the attitude and behaviours of America’s truly wealthy in the mid 90’s that is a timeless piece of work that can be applied to Australia. A follow on from the millionaire next door. Some of the statistics quoted gets a bit repetitive, however is necessary to support the particular points and arguments being made. Enjoyed the simple conclusions drawn from the study that provide and insight into typical habits of those who have created significant wealth in one generation. A must read for all looking to hone their financial compass.