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The Millionaire Next Door Paperback – Oct 1 1998

3.9 out of 5 stars 582 customer reviews

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Product Details

  • Paperback: 272 pages
  • Publisher: Gallery Books; Reprint edition (Oct. 1 1998)
  • Language: English
  • ISBN-10: 0671015206
  • ISBN-13: 978-0671015206
  • Product Dimensions: 13.5 x 2 x 21 cm
  • Shipping Weight: 227 g
  • Average Customer Review: 3.9 out of 5 stars 582 customer reviews
  • Amazon Bestsellers Rank: #25,209 in Books (See Top 100 in Books)
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Product Description

Review

Forbes The implication of The Millionaire Next Door...is that nearly anybody with a steady job can amass a tidy fortune.

The Washington Post [A] REMARKABLE BOOK.

USA Today A nerve has been hit....[For] people who want to become wealthy.

Boston Globe A primer for amassing wealth through frugality.

San Francisco Business Times Offers a valuable message to today's spendthrift baby boomers.

Rush Limbaugh The kind of information that could lift the economic prospects of individuals more than any government policy...The Millionaire Next Door has a theme that I think rings very true..."Hey, I can do it. You can do it too!"

Business Week An interesting sociological work.

Lexington (NC) Dispatch A fascinating examination of the affluent in American society.

Cox News Service These, for the wise, are tips for all of us....A very readable book.

U.S. News & World Report Debunks the image of the rich as high-living spendthrifts.

About the Author

Thomas J. Stanley, Ph.D., is an author, lecturer, and researcher who has studied the affluent since 1973. His work is frequently cited in the national media. He is the author of Marketing to the Affluent, a bestselling book selected as one of ten outstanding business books in America by the editors of Best of Business Quarterly. Dr. Stanley was formerly a professor of marketing at Georgia State University, where he was named Omicron Delta Kappa Outstanding Professor, and was on the faculty of the University at Albany, State University of New York. He lives in Atlanta.

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Customer Reviews

Top Customer Reviews

Format: Mass Market Paperback
I received this book as gift, and after reading it, I am glad I didn't spend any money on it. This book is a classic example of taking a few simple concepts and restating them in every imaginable form to reach a decent book length. The useful information could be summed up into a small pamphlet.
Subject matter:
The basic premise of the book is how the average Joe and average millionaire may not be too terribly different. The author interviewed hundreds of millionaires and then analyzed the data from the interviews. They repeatedly comment about how "Mr. penny-pinching trailer park owner is far better off with $1.5 million in the bank than Mr. Doctor with a great house and lifestyle, who only has $750,000 saved up."
The authors constantly rant about how being incredibly frugal and watching every penny spent will make you wealthy. While this may be true, none of the information presented ventures far beyond common sense.
Another tactic, which I found very annoying, was that various charts and data tables were listed multiple times but in varying ways. For instance a whole page may be taken up by a table dedicated to whether or not millionaires worry about things like cancer, their children's financial future, and the stock market. Three pages later, the same table may be listed, but with percentages rather than raw data scores. There are many instances where the same information is presented in what appears to be nothing more than an attempt to lengthen the book. I found myself wanting to pound my head against the wall.
I would not recommend this book to anyone looking to make good use of his or her time. I kept reading only in hopes that there would actually be a few pearls of knowledge to be gained.
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Format: Mass Market Paperback
The book is a kind of research paper. The authors are, after all, academics. They have attempted to provide a "composite" picture, based on extensive research, of the average American Millionaire. What they have found is that such an individual is difficult to identify. In general, though, they are self-employed, hard-working, thrifty, etc. They do not drive expensive cars, live in mansions on golf courses, and wear a Rolexes.

One of the biggest contradictions in the book is this: The authors have found that most millionaires will die rich. But they have also found that most people who inherit great wealth end up as good-for-nothing parasites, rarely accomplishing much in their own lives. My tongue-in-cheek analysis, then, is that these millionaires shoud try to die broke.

The book is filled with statistical information about the habits, professions, and lifestyles of millionaires. At times, the reader will feel somewhat bored as a point is driven into the ground. Overall, though, the book is worth reading. We can all benefit by adopting some of the implied suggestions of this book. Work hard, plan for your retirement, live within your means. Just don't get carried away. Stop and smell the roses from time to time; strive to be rich in experience. When you're on your death-bed, I seriously doubt that you will say, "Gee, I sure wish I'd spent more time at the office." Ask a dying person what they would give for another year or two of life. The answer: everything they have. The sunset on Maui is beautiful. Life is short and precious; enjoy it.
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Format: Paperback
Ok so you have made it to the final question in the TV show WHO WANTS TO BE A MILLIONAIRE! For your chance at $1M Dollars, please answer the following question:
According to the author Dr. Thomas Stanley's best selling book, The Millionaire Next Door, what traits do most typical millionaires have? Do they
a. Spend most of their time working instead of enjoying their money
b. Prefer to vacation with the family by visiting Aunt Mildred in New Jersey instead of sailing in a private yacht in the Caribbean
c. Drive a used Ford pickup truck instead of a Rolls Royce
d. Shop at Sears and Wall Mart instead of Sak 5th Avenue
e. Cut coupons out of the newspaper to save on groceries each week instead of paying for butlers and maids
f. All of the above.
What, your not sure and you want to ask the computer to eliminate some of the wrong answers? Ok. The computer leaves you with two choices. Do typical millionaires:
e. Cut coupons out of the newspaper to save on groceries each week instead of paying for butlers and maids
f. All of the above.
Your still not sure and you want to use one of your remaining lifelines to call a friend? Ok then read the following friendly review.
According to the author, the answer is "F", all of the above. If this surprises you then so will some of the other traits that these millionaires apparently have in common. According to the author they also prefer being cramped like sardines and fly economy class instead of flying in a private Lear Jet. They also frequent well know five star restaurants that serve only the finest cuisine including McDonalds and Pizza Hut. And they prefer purchasing off the rack suites from J.C.
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