The Millionaire Next Door
 

The Millionaire Next Door

by Thomas J. Stanley, William D. Danko

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 ... (read more)

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Other Reviews

Amazon Reviews (5)
 

Most Helpful Reviews

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1 of 1 members found this review helpful.
Ron  B
  • Rated 5 stars

A must-read for all professionals, to gain insight into the minds of your customers. Also, how much they value professional advice--Value Pricing, hello! This book will shatter every myth perpetuated about the wealthy in America and how they live, work, behave and think. Well researched.

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Community:
  • Rated 3.966667 stars
Amazon:
  • Rated 4 stars
 

Newest Comments

  • Corettawren

    corettawren said:

    This book is awsome. I learn so much about how to manage and the concept of exchanging my finances when it comes to money management. Thank you for this awsome book.

    posted Wednesday, August 6 2008
  • Bookmark

    bookmark said:

    I read this book when it was first published and have picked it again a few times since then. One never knows how many in his or her neighborhood are millionaires but I would guess that there are more than one or two living very close to me. I once asked a debt-free friend how he managed to live fairly well (no conspicious consumption was evident but I knew he did "OK") and his reply was that he lived on 25% of his net income, 25% was distributed to his favorite causes, and the remaining 50% was banked or invested. He is in his sixties so apparently his strategy has paid off. I have known others who state they save about ten percent but spend the rest. They described this practice as "living life to its fullest." Even though they appear to have everything, I would guess that they live from paycheck to paycheck. Anyhow, this is a good book and would be of interest to anyone wanting to spend less, save more, and possibly become truly wealthy.

    posted Saturday, December 29 2007
  • equest72

    equest72 said:

    I read this bokk, for the first time, in September 2001 and my eyes were wide opened. As an ordinary people who is not genius and without any significant inheritance, I have determined to become wealthy but do not know how. After reading the book: I know how.

    Very good book, highly recommended.

    posted Sunday, December 23 2007
  • equest72

    equest72 said:

    I read this book, for the first time, in September 2001 and my eyes were wide opened. As an ordinary people who is not genius and without any significant inheritance, I have determined to become wealthy but do not know how. After reading the book: I know how.

    Very good book, highly recommended.

    posted Sunday, December 23 2007
  • amitkr81

    amitkr81 said:

    Well... I read all the comments and I though I had to pen your thoughts too... while I do think that this book is a must for everyone... I would also also like to point out a contra view... while it is right not be too lavish in your lifestyle, I do think that just earning money for the sake of it... or even so that you can be stay "content" in your castle of wealth... life is there to be enjoyed as well... so while you don't want to splash all your money on everything under the sun (after all, it is hard earned)... that should not me made to mean you can't spend on things that you truely cherish in life... another caveat, dont choose your profession/career based on what will make more money, but one thats fits you... once you are enjoying your profession (and that is half your life nowadays, anyway)... you will see money flowing in automatically...

    I would say a great book, but take its recos with a pinch of salt...

    posted Saturday, September 8 2007
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