The Millionaire Next Door | 
 enlarge | Authors: Thomas J. Stanley, William D. Danko
Publisher: Pocket
Category: Book
List Price: $15.00
Buy Used: $1.92
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Avg. Customer Rating:  776 reviews
Sales Rank: 619
Media: Paperback
Number Of Items: 1
Pages: 272
Shipping Weight (lbs): 0.5
Dimensions (in): 8.2 x 5.3 x 0.8
ISBN: 0671015206
Dewey Decimal Number: 305.5234
EAN: 9780671015206
ASIN: 0671015206
Publication Date: October 1, 1998
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Condition: Good Conditions, may have some marks or highlighting 100% Money Back Guarantee. Support Literacy! Thanks!
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Amazon.com
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.
Product Description
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....
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| Customer Reviews: Read 771 more reviews...
 Must read May 5, 2008
I wish everyone would read this book. You assume someone to be rich because of their car, or clothes. That just proves that they waste more money and probably go into debt for it.
I spent time as a financial analyst for a commercial lending department. Part of my job was to go through people's personal financial statements. My boss, a CPA, recommended this book to me. On of our wealthiest, millionare clients wore sweat pants, had a mullet, and drove an old beat up vehicle. We had another client who was always sporting the latest fashions and drove a Porsche, but was broker than broke and always pleading with us to not return her checks.
The key is to have the self confidence to not spend the money to fix the way people judge you. Would you rather have 10 million dollars and look like crap or be on the edge of bankruptcy and look like a million bucks? I refuse to spend that kind of money to impress someone I probably don't even like or people I don't even know.
Read this book, it will shed some clarity!
The Millionaire Next Door May 2, 2008
A Great book with expert advice- too many charts, but the case histories were great and wonderful advice for parents tempted to spoil their children by financing their lives after they are finished with their education. Married children get to living way beyond their means and then resent it when parents stop paying 10 to 20 thousand a month for them. It is clear that those who succeed do it better when they are responsible for their OWN finances and learn to live within their budget.
A solid foundation on the habits necessary for wealth accumulation April 30, 2008
1 out of 1 found this review helpful
Financial books providing insight into the attitudes and mannerisms required to accumulate wealth generally focus on a lot of theory. The Millionaire Next Door presents a straight forward account based on research and feedback from qualified millionaires.
The information presented in this book focuses on the habits that create millionaires from ordinary people who often have ordinary incomes. The authors show that to be wealthy, you do not necessarily require extraordinary skills or require ardent pep talks; you just need financial discipline and a willingness to live within your means and avoid certain amounts of debt.
The information in the book is substantiated with a number of graphs, charts, and summations of data that will limit one's ability to push through the information quickly. The content of the book is very reliable and will be eye opening for many readers. There is no doubt this book presents a very formidable foundation for wealth that anyone with grand financial aspirations should be aware of, making this book rather worthwhile
 Not what i was looking for.. April 8, 2008
2 out of 3 found this review helpful
This book was written based from research that was conducted through the usage of surveys that were taken in 1995. They basically accumulated information from 1000 american millionaires regarding their methods of house-hold finance, behavior, spending habits etc. Simply an analysis of the American millionaire demograhpic in the year 1995. No practical wisdom. Useless info in becoming wealthy.
The whole book could've been summed up to: "be modest, cheap, and save as much as possible".
IN CONCLUSION: If you're looking to learn to make more income, save your money and time, this one sucked. If you want a lesson in history, go right ahead.
 Dated, but helpful April 6, 2008
1 out of 1 found this review helpful
I had always heard about this book and was eager to finally read it. Unfortunately it was somewhat disappointing. The data is getting dated. The message, while sound, is so oft repeated that it gets a little boring. However, I enjoyed very much the passages dealing with how to (or more accurately - how not to) handle wealth issues and transfers with children. Overall it is a book everyone should read, but I wish they would release a newer edition with more recent data, etc.
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