The Millionaire Next Door: The Surprising Secrets of Americas Wealthyby Thomas J. Stanley Ph.D., William D. Danko Ph.D.
The bestselling The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. Most of the truly wealthy in this country don't live in Beverly Hills or on Park Avenue-they live next door. This new edition, the first since 1998, includes a new foreword for the twenty-first century by Dr. Thomas J.
The bestselling The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. Most of the truly wealthy in this country don't live in Beverly Hills or on Park Avenue-they live next door. This new edition, the first since 1998, includes a new foreword for the twenty-first century by Dr. Thomas J. Stanley.
- Taylor Trade Publishing
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- 2.80(w) x 6.80(h) x 1.00(d)
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Meet the Author
Thomas J. Stanley is an author, lecturer, and researcher who has studied the affluent since 1973. He lives in Atlanta, Georgia.
William D. Danko is associate professor of marketing in the School of Business, University at Albany, State University of New York.
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I really recommend this book. This book really does show the truth behind the wealthy in the country. Although like the book says it takes a lot of hard work and discipline to maintain and build a good amount of wealth. Although this book does talks about the taxes the point is made that in order to build wealth you need to really dedicate yourself into doing so and that falling into the pattern of buying status products will really make things harder on yourself. There is 1 thing that is not necessarily true and that is that this book kinda implies that u cannot have a nice car or have a large house in order to get wealthy. It does make a point that it would not be possible to build wealth well if you buy a car every 3 years but that doesn't mean 1 cannot buy 1 brand new car and keep it. Although this would not be possible with a wage that is at the poverty level. A person cannot be expected to be able to build wealth in such situation but the book does point to the fact that dedication and hardwork is needed.
Like a statistics book, it does get tedious at some parts, more due to its repetitiveness, but it does get its point across. It shows that everyone can save and work hard to become a millionaire. What we see on TV, the celebrities are just a small fraction and are kind of like the atypical millionaires; they don't represent the majority of the rich in terms of lifestyle and attitude. This book shows how living below your means, with the goal of financial independence in mind, can get you to millionaire status. What's said is a good reality check to reorient yourself to achieving your ultimate goal. Quite humbling.
I read this book and put in place what was suggested and became a Millionaire
As a senior in high school, I learned a lot of knowledge about the affulent and the accumulation wealth. But in reality all the information in this book is very REAL. Its hard to imagine a life of wealth in fortune as an 18 year old but now I at least have a picture of possibilities. My only critic on this book is that it gets very longing at times, I feel as if depth is not needed when it already is so deep into subject. But overall a very good read, and a very knowledge based read.
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