The Next Millionaire Next Door

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

Worthwhile follow up to a must read original

A nice follow up, but could probably be summarized as: the majority of data outlined in the original generally still holds true in the 2010’s. Many example characters used to outline the same general personal finance concepts. Nevertheless, after reading the original version I had been wondering what a modern view of the data would show, so as I said, worthwhile.

2 of 2 people found this review helpful

Impactful, practical, obtainable!

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