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

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

4.3 56
by Thomas J. Stanley, William D. Danko
     
 

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ISBN-10: 0671015206

ISBN-13: 9780671015206

Pub. Date: 09/08/1998

Publisher: Gallery Books

The incredible national bestseller that is changing people's lives -- and increasing their net worth!

CAN YOU SPOT THE MILLIONAIRE NEXT DOOR?

Who are the rich in this country?
What do they do?
Where do they shop?
What do they drive?
How do they invest?
Where did their ancestors come from?
How did they get rich?
Can I ever

Overview

The incredible national bestseller that is changing people's lives -- and increasing their net worth!

CAN YOU SPOT THE MILLIONAIRE NEXT DOOR?

Who are the rich in this country?
What do they do?
Where do they shop?
What do they drive?
How do they invest?
Where did their ancestors come from?
How did they get rich?
Can I 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 at what you find out....

Product Details

ISBN-13:
9780671015206
Publisher:
Gallery Books
Publication date:
09/08/1998
Edition description:
Reprint
Pages:
272
Product dimensions:
5.40(w) x 8.20(h) x 0.80(d)

Table of Contents

CONTENTS

Tables

Introduction

1: Meet the Millionaire Next Door

2: Frugal Frugal Frugal

3: Time, Energy, and Money

4: You Aren't What You Drive

5: Economic Outpatient Care

6: Affirmative Action, Family Style

7: Find Your Niche

8: Jobs: Millionaires versus Heirs

Acknowledgments

Appendix 1

Appendix 2

Appendix 3

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Millionaire Next Door 4.3 out of 5 based on 0 ratings. 56 reviews.
Guest More than 1 year ago
The title was great in enticing me to pick up the book. While I found it interesting that the author wrote about my own conclusions after casually observing people and wondering 'how they did it', I was still disappointed in that I found no 'secrets' and no 'surprises'. I found it more interesing from the viewpoint of marketing such common sense information.
Anonymous More than 1 year ago
I read this book for my 12th grade Economics Class.  Although many of the points went way over my head, this book certainly provided many tips that I know I will strive to implement when I start earning a full time salary.  The anecdotal evidence made a convincing argument as well as provided relief to the statistics that line the book.  I really learned a lot of information especially that money doesn't equal wealth and stability.  This book really reinforced the habits that I have been taught while growing up.  I would recommend this book to students who are still in college (to learn good habits that they can implement) as well as to adults.
Anonymous More than 1 year ago
The information given in this book were pretty obvious as to why most people are stuck in dreadful financial situation, but are often times overlooked when in the circumstance. Stanley uses statistics and college evidence to prove his points and it changed my ways of thinking in terms of spending and saving wisely. The use of real millionaires and investigating their lifestyles also makes the information more justifiable.
Guest More than 1 year ago
A good all around read regarding money. Unique approach to a very written about subject also. Oddly enough, in order to become a millionaire you'd be better off borrowing it from a library rather than buying it!
WTVCrimeDawg More than 1 year ago
I bought this book because Dave Ramsey listed it in his recommended reading list. I'm a fiscal conservative who lives debt free--oh, I'm frugal, frugal, frugal as well--so I enjoyed the research and findings in this book, which are still relevant today. However, it's probably not for the average reader, because it's very comprehensive with a lot of information to digest. I thought the authors could have condensed the material, for it seemed like an oversized journal article. Perhaps they wanted 240-plus pages to fill so they could sell a book. Even so, it's well worth the clearance price, if you are interested in saving and investing money, bargaining and negotiating, and being frugal and living below your means, like millionaires do. There's no better way to get wealthy than by studying the wealthy. After reading this book, my goal is to become a prodigious accumulator of wealth, a first generation millionaire, and perhaps it's the inspiration I need to take some risk and finally start my own business.
Juliof117 More than 1 year ago
If you do want to start a serious way to make money you have to read this exelent book and do it into your own way you will find the real image of the rich people and you'll see that all it is shining is not gold, amazing
Blue59 More than 1 year ago
It all made sense after I read it. Big hat and no cattle....that says it all! I don't no why we think it odd that millionaires are frugal, after all, that is how they became millionaires in the first place.
55Mastermind More than 1 year ago
Tom Stanley and William Danko have done an excellent job in conveying the differences between the public perception of millionaires and the reality. I would recommend this book to those who are determined to take control of their financial future.
Guest More than 1 year ago
This book was overall pretty good. It is a decent book for anyone who is interested in being a millionaire and in how millionaires acquire their wealth. The book does have A LOT of numbers and percentages, though. I enjoyed the read. It helped me understand, as a young person, that 'flashiness' and 'showing off' is not what it's all about, and that if you are trying to get rich for these reasons, you won't make it. I recommend it to all.
Guest More than 1 year ago
The Millionaire Next door is an easy read on statistics and surveys, very well researched. There was a great message in this book, It is that almost anyone can build wealth, all you need to do is plan, budget, and be a little cheap. The book explains how money is past from generation to generation and how people live beyond there means. How the rich really live and who the rich really are. This was a fantastic book and very true indeed.
Guest More than 1 year ago
This is more of a summary of surveys of self-made millionaires who had incomes greater than $50k per year and most over $100k per year. The book does not address those making under $50k nor comparative incomes versus cost of living in different areas of the country. This is more a study of the psychology of wealth-building individuals. One point this has in common with many investment books is the role of the IRS as determinant or deterrent to wealth building and suggests as many do that the system really is stacked against people trying to build wealth from scratch. It also glances on the side-issue of how the IRS' laws can adversely impact families, brought to division over estate taxes and inheritance taxes as a significant diminishment of wealth which can passed on and ensure the economic health of multiple future generations. One major flaw to the logic in this book is that in order to build wealth per the respondents, you have to live as if not wealthy and yet decrease net worth prior to your death. The primary goal in this wealthbuilding is to amass a fortune which others who have not earned it can consume. It makes many fine points but does not address whether frugality is always possible no matter how low the income, or whether there is a certain income level needed at which frugality can be maintained and some basic normal existence can also be sustained. Can someone whose wage is near,at or below the poverty level still expect to build wealth by frugality?
Anonymous More than 1 year ago
This book helped me learn a ton about Millionaires that I had no idea about. A little dry at times. But it is not a waste of time. Would recommend it to a friend that you think would find the material interesting or helpful.
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dobefan More than 1 year ago
This book brought to light many things that I never realized about the millionaires in our society. I, like most people, assumed that millionaires spent money like millionaires. In reality, this book shows just the opposite. It seems that most millionaires are very frugal. They don't buy the luxury items that we assume. Rather, they buy used cars, clip coupons, and all the other things that normal people do in every day life. The authors studied their subjects well and go into detail about how the study was accomplished. If you want to retire securely, I recommend this quick read book. But don't just read it...study it well.
Anonymous More than 1 year ago
Anonymous More than 1 year ago
This book uses a lot of real data and numbers to back up the book. It is true that if you want to be a millionaire you need to live like one. This book will show you exactly how the majority of them live. The book can at times be very slow reading getting through all of the information but is very educational in whole. I would say anyone that wants to see a different way of looking at thinigs, this is a good book to read.
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