Stop Acting Rich: ...And Start Living Like A Real Millionaire

( 26 )

Overview

"A leading expert on the affluent reveals the real way to build wealth With well over two million of his books sold, and huge praise from many media outlets, Dr. Thomas J. Stanley is a recognized and highly respected authority on the wealthy, their behavior, and their thinking. Now, in Stop Acting Rich, he details how the less affluent have fallen into the elite luxury brand trap that keeps them from truly acquiring wealth and details how to get out of it by emulating the working rich as opposed to the super elite. A defensive strategy for tough

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Overview

"A leading expert on the affluent reveals the real way to build wealth With well over two million of his books sold, and huge praise from many media outlets, Dr. Thomas J. Stanley is a recognized and highly respected authority on the wealthy, their behavior, and their thinking. Now, in Stop Acting Rich, he details how the less affluent have fallen into the elite luxury brand trap that keeps them from truly acquiring wealth and details how to get out of it by emulating the working rich as opposed to the super elite. A defensive strategy for tough times, Stop Acting Rich will show you how to live like Warren Buffett-a rich, happy life-through accumulating more wealth and using it to achieve the type of financial freedom that will create true happiness and fulfillment. Puts wealth in perspective and shows you how to live rich without spending more Details why we spend lavishly and how to stop this destructive cycle Discusses how being "rich" means more than just big houses and luxury cars Other titles by Stanley: The Millionaire Mind and The Millionaire Next Door It's time to understand why we buy what we buy, so that we can start accumulating, rather than depleting, wealth. Stop Acting Rich shows you exactly what it takes to achieve this elusive goal"--Provided by publisher.

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Editorial Reviews

From the Publisher
"Now Millionaire co-author Thomas Stanley is back with a dose of financial tough love for high-spending wannabes in Stop Acting Rich … and Start Living Like a Real Millionaire." (Better Investing Magazine, January 3, 2010)

"This is all fascinating stuff and Stanley presents it in a very readable style. Stanley has written two other best-sellers on millionaires. It seems he's done it again." (The Star-Ledger, January 3, 2010)

"…not only is this a book that everyone should buy, it's a book that every parent who loves his or her kids should buy for them—and bribe them to read it." (WalletPop, October 7, 2009)

"Contains some surprising data that makes for a convincing argument supporting a simple lifestyle as a path to security." (Associated Press)

"After reading through Stanley’s engaging anecdotes about how the other America actually lives, you may come to feel that perhaps you don’t need to impress the other guy so much. This in itself is no small thing. Your wallet will thank you. And you may end up happier." (Smartmoney.com)

"Thomas Stanley has written a fascinating book that is based on years of research into how the truly wealthy live. Stanley’s main contention is that those with millions aren’t among the nation’s hyper consumers. Rather it’s the "aspirationals," those seeking recognition as members of the moneyed set, who are loose with a buck. It’s a hypothesis offered often, but the difference is Stanley’s research. He has packed his book with oodles of statistics — and not just the usual numbers. For example, 75 percent of millionaires pay $19.79 or less for a bottle of wine. When it comes to a dinner, 75 percent pay $24.53 or less and 95 percent keep the tab to less than $40. This is all fascinating stuff and Stanley presents it in a very readable style. Stanley has written two other best-sellers on millionaires. It seems he’s done it again." (The Star-Ledger)

"If you’ve read the 1996 best-seller The Millionaire Next Door, you already know it’s hard to identify the truly affluent based on appearance. . . Now Millionaire co-author. . .Stanely is back with a dose of financial tough love for high-spending wannabes. . . offers surprising insight. If your goal is long-lasting wealth and not just the appearance of affluence, start reading ASAP." (BetterInvesting magazine)

“Stanley is right in advising people to have a re-look at their spendthrift ways and to avoid getting trapped by symbolism. “If you spend in anticipation of becoming rich, you are unlikely to become truly wealthy,” he quips.”(Personal Finance Magazine Moneylife)

"Stanley's research does a great job of proving there's a big difference between income and net worth. Many pretenders have become very good at generating income and enjoying a high standard of living. But take this Stanley gem to the bank: ‘Those who are among the least productive in transforming their incomes into wealth are in the higher-status occupations.’ Don't be a great pretender, pretending you're doing well when you only look the part. Read this book and find out how to emulate real-deal millionaires." (The Washington Post, Michelle Singletary)

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Product Details

  • ISBN-13: 9781118011577
  • Publisher: Wiley
  • Publication date: 7/12/2011
  • Edition description: Reprint
  • Edition number: 1
  • Pages: 292
  • Sales rank: 242,716
  • Product dimensions: 5.60 (w) x 8.70 (h) x 1.00 (d)

Meet the Author

Thomas J. Stanley is the bestselling author—with over four million copies in print—of The Millionaire Mind and The Millionaire Next Door. The recognized authority on the lifestyles and behaviors of the affluent, Dr. Stanley is frequently quoted in the Wall Street Journal, New York Times, Forbes, Fortune, Time, Money magazine, U.S. News & World Report, Reader's Digest, and USA Today. He has appeared numerous times on the Today show, 20/20, and The Oprah Winfrey Show.
Visit Dr. Stanley at www.thomasjstanley.com.

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Table of Contents

List of Tables ix

Preface xi

Chapter 1 The Difference between Being Rich and Acting Rich 1

Chapter 2 Everything You Think about Rich Is Wrong 33

Chapter 3 Do the Shoes Make the Man? 59

Chapter 4 Brother, Do You Have the Time? 83

Chapter 5 Keeping Up with Your Spirits 115

Chapter 6 The Grapes of Wrath 145

Chapter 7 The Road to Happiness 171

Chapter 8 Getting Out of the Poorhouse 209

Chapter 9 All that Glitters Is Not the Millionaire’s Goal 235

Appendix A The Nationwide Search for Millionaires 245

Appendix B The Millionaire Profi le 247

Notes 251

Acknowledgments 257

About the Author 259

Index 261

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Customer Reviews

Average Rating 4
( 26 )
Rating Distribution

5 Star

(10)

4 Star

(5)

3 Star

(8)

2 Star

(3)

1 Star

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See All Sort by: Showing 1 – 20 of 26 Customer Reviews
  • Anonymous

    Posted January 16, 2010

    I Also Recommend:

    A book that I couldnt put down

    First the negative. This book has too many redundant examples to support his theories and these examples are littered haphazardly throughout the book in an unorganized and excessive fashion. He does a great job supporting these theories with solid initial examples which by themselves sufficed to prove his points. He jokes about this redundancy in the book, to his credit.

    Second negative. Based on the redundancy mentioned above, this work could have been shorter, perhaps by 50%. A shorter version would have made the work stronger in my opinion.

    Third negative. If you have read his Millionaire Next Door, Dr Stanley reuses many of the same concepts, and brings little new insight here.

    Positives: The author seems to be harboring a chip on his shoulder about the some of the cohorts he writes about in the book. He writes quite venomously about wine collectors, as if he had one or two in his mind that seemed to get under his skin, and uses this book as a forum to rip into them. Maybe deservedly so. Very entertaining stuff.

    More positives: I like Dr. Stanley. Very entertaining. A few new insights on the wealthy, that he hadnt written about in the Millionaire Next Door, that made the price of the book worth it to me. I have been recommending the this book to everyone, because it has substance, as a read that comes AFTER his Millionaire Next Door.

    4 out of 4 people found this review helpful.

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  • Posted July 31, 2012

    So similiar to The Millionaire Next Door, 3 1/2 stars. I would

    So similiar to The Millionaire Next Door, 3 1/2 stars. I would have given this 4 stars, but if you've read his other book, like what other reviewers thought, it rehashed same things but not quite as good. It got to be a little boring with very little new material. What it is good for is a reminder to look towards a more secure financial situation; that can be obtained with various habits, hard work, and discipline, not to mention the courage to go against the crowd. It gives what's worked for people and what have been others' mistakes. It's a good book to start you off thinking about financial independence, what's important in life, and your happiness. I agree with another review that this should be read after The Millionaire Next Door.

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  • Posted March 6, 2010

    Insightful

    Though I agree that the author rehashes some of his previous material, I found the book interesting and helpful. Before reading this book, I would get "The Millionaire Next Door" and read it first. That plus this book will give you some great insights into why we buy what we buy and how to save for the future. In a time when people want a guick fix to their financial situation, Thomas Stanley helps people understand that quick fixes aren't available, but that a fully thought out plan is the way to go. You will not be wasting your money or time when you get this book.

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  • Posted January 28, 2010

    Rehasing his previous books

    There is no reason to read this book if you've read Dr. Stanley's other books. If you haven't read them, this is okay, but still not as comprehensive as The Millionaire Next Door.

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