Customer Reviews for

The Millionaire Mind

Average Rating 3.5
( 38 )
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(17)

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(6)

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Sort by: Showing all of 6 review with 3 star rating   See All Ratings
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  • Anonymous

    Posted April 27, 2003

    Enlightning but somewhat repetitive

    This book brings many little known facts about millionaires to light. Who knew that the average millionaire scored below 1200 on the SAT and had a 2.92 GPA throughout college. But this book also points out a lot of common sense about becoming a millionaire yourself. Many of those surveyed for this book were self-made millionaires. Very few had received any of their wealth as an inheritance. Many just had the slf-discipline, self-control, and determination to succeed in life even though they had gone through school being told they were failures.

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  • Anonymous

    Posted February 5, 2002

    Many people misunderstood this book

    I just bought this book, it was $4.99. I was curious what the book was about. I just turned twenty and already in a process of starting my business. This book so far only describes one kind of people and pretty much repeats itself every 3-5 pages. The author with all due respect only went out and surveyed the 'golfers' that have some money, what about the people that are younger then 30 years old and already made millions. To the author: Next time you want to write a book don't do it in the old upper middle class neighborhoods or just don't pick the same ones all the time.

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  • Anonymous

    Posted April 25, 2001

    A Limp Follow-On to The Millionaire Next Door

    The Millionaire Mind is very seriously flawed in its methods, writing, and conclusions. If you want to learn more about becoming wealthier, I suggest you read 'Rich Dad, Poor Dad' and 'The Cash Flow Quadrant instead. The author surveyed hundreds of people in a few suburban communities. 733 turned out to be millionaires. The book is based on the self-reported results and perceptions of those 733. Because of the way the sample was selected, you won't get much variety in type of millionaire. Very few inherited-money millionaires make it into the sample. Also missing are 17-year-old models who are on the cover of every magazine, basketball players who sit on the bench for the Celtics and earn millions annually, 25 year old founders of Internet companies, and so forth. Also, the results are not segmented very much. It would have been nice to have been able to slice the data to look at oneself and see where each of us fails to match up to the standard. This might have provided some ideas about what each person needs to do differently if one wants to become wealthier. A lot of interesting questions are missed as a result. Are different paths working better now than in the past? What takes the least effort (if one is to be self-made)? What takes the least risk? What takes the fewest number of years? Most observers would agree that the New Economy has changed the wealth distribution in the U.S. You will look in vain for much on this subject. Also, since we are only looking at millionaires, we can't find out what is significant if we don't see how their attitudes and lifestyles are different from similar people who are nonmillionaires. That control group is essentially missing in this case. Finally, what are the odds of success if you do what these people did? How much does it improve your odds of success? You might find that the reported variables are not the essential ones. But the way the study was done, you can't tell. A good example of the problem of cause and effect was the finding that the richest millionaires played the most golf. Now, was that because the richest people can afford the time and money to play more golf, or because golf contributes to becoming wealthier? You can't tell from this research. Next, the good part. The book certainly espouses good middle class values. Work hard, stick with your spouse, watch the kids' sporting events, entertain your friends. No one will go off the deep end following this advice. Probably the most encouraging part of the book was the assertion that millionaires were not tops in SAT scores and college grades. Anyone who has gone to a high school or a college reunion would probably have already figured that out. The key points, that millionaires are more likely to be sociable and not accept setbacks as permanent) have been reported many times before. There's nothing new there. You should also realize that doing something different from this model does not doom you to the poor house. Some rich people do spend more time on ski vacations than with tax advisors. Some rich people do use credit cards (it's hard to travel if you don't). Some rich people have been throu

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  • Anonymous

    Posted December 2, 2000

    The intro. was better than the rest of the book

    The book was very interesting in the beginning and lagged during the middle. I had to skim through the book so I didn't fall asleep but, during the skimming there were some interesting facts.

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  • Anonymous

    Posted March 14, 2000

    Not as good as The Millionaire Next Door

    While this is an interesting book, it falls short of Stanley's previous book, The Millionaire Next Door. The first book was absolutely one of the most enlightening books I've ever read. It illustrates that anyone living in the United States of America in the year 2000 can become a millionaire--it frankly isn't that hard anymore. This book would have been fine, except that there isn't a lot that's new compared to the first book. It does talk a lot about entrepreneurialism--it makes you want to run out and start SOME kind of business.

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  • Anonymous

    Posted June 19, 2011

    No text was provided for this review.

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