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....
How can you join the ranks of America's wealthy (defined as people whose net worth is over one million dollars)? It's easy, say doctors Stanley and Danko, who have spent the last 20 years interviewing members of this elite club: you just have to follow seven simple rules. The first rule is, always live well below your means. The last rule is, choose your occupation wisely. You'll have to buy the book to find out the other five. It's only fair. The authors' conclusions are commonsensical. But, as they point out, their prescription often flies in the face of what we think wealthy people should do. There are no pop stars or athletes in this book, but plenty of wall-board manufacturers--particularly ones who take cheap, infrequent vacations! Stanley and Danko mercilessly show how wealth takes sacrifice, discipline, and hard work, qualities that are positively discouraged by our high-consumption society. "You aren't what you drive," admonish the authors. Somewhere, Benjamin Franklin is smiling.
Customer Reviews:
Avg. Customer Rating: 4.0 / 5.0
Required reading for every young adult:
I've read a ton of personal finance books before and during my career as a Certified Financial Planner, and I'd have to rate this one in my top five of all time. In fact, if someone were to ask me out of the blue for one personal finance book they should read, this is usually my recommendation. While it doesn't go in-depth on the investment decisions or wealth strategies that millionaires use, it goes very deep into the psychology, mindset, and habits of those who accumulate significant net worth.more info
The Classics:
This is a precursor of Robert Kyosaki's "Rich Dad", John Cummuta's "Transforming debt into Weath" and other financial intelligence books. John Cummuta have extended this work by explaining the concept of compound interest, while Robert Kyosaki have resolved the issue of "live beyond your means", advocated by Thomas J. Stanley. The drawback of mr. Stanley is that he doesn't seem to suggest what do with accumulated wealth, and only advocates being prudent and frugal as a lifestyle, e.g. do not buy luxury cars... more info
Check it out at the library!:
This book's subject matter is good. The problem--it reads like a bad research paper. It's so boring!!!!! If you're interested in stats on every page, have at it. Otherwise, check it out at the library and skim the main points.
The millionaire net door:
my husband loves it! lots of facts about millionaires and how they live and spend their $
