- Paperback: 272 pages
- Publisher: Taylor Trade Publishing; Reissue edition (Nov. 16 2010)
- Language: English
- ISBN-10: 1589795474
- ISBN-13: 978-1589795471
- Product Dimensions: 14.9 x 2 x 23 cm
- Shipping Weight: 281 g
- Average Customer Review: 307 customer reviews
- Amazon Bestsellers Rank: #1,222 in Books (See Top 100 in Books)
The Millionaire Next Door: The Surprising Secrets of America's Wealthy Paperback – Nov 16 2010
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The implication of The Millionaire Next Door...is that nearly anybody with a steady job can amass a tidy fortune. (Forbes)^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!" (Rush Limbaugh)^[A] Remarkable book. (The Washington Post)^A nerve has been hit....[For] people who want to become wealthy. (USA Today)^A primer for amassing wealth through frugality. (The Boston Globe)^An interesting sociological work. (Business Week)^A fascinating examination of the affluent in American society. (The Dispatch (Lexington, NC), (Nc) Dispatch)^These, for the wise, are tips for all of us....A very readable book. (Cox News Service)^Debunks the image of the rich as high-living spendthrifts. (U.S. News and World Report)^I love the book, The Millionaire Next Door. It talks about how it is a myth that most millionaires in America have inherited their money. The fact is, we have created such a great country over 250 years. We have actually found the way for poor people to go from nothing to huge wealth and to create a life-changing opportunity for their children and grandchildren. We celebrate it, write movies about it, and our libraries are full of books about it. There is nothing wrong with that. (Bernie Sanders)^The authors mine reams of data to show the surprisingly frugal traits millionaires have in common. "The main lesson provided is that high income does not equal wealth," said J.R. Rosskamp, managing director of Veritas Partners, Inc., a business consulting firm. Rosskamp calls "Millionaire Next Door" a "must read, and the earlier the better." (Chicago Tribune)
About 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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Would I buy this book again having read through it? If it was on sale for ~50% off original price, then sure. Otherwise, I'd make like a millionaire and be frugal.
Don't buy a house with the maximum morgage you can get. Buy modestly.
Never (almost never) buy a vehicle from a car dealer. Buy a second-hand, highly rated vehicle from a motivated seller.
If you're no good with money now, it doesn't matter how big your pay check is - you will still struggle pay cheque to pay cheque. The book has a great example of this.
There is no need to chase riches. If your are smart with your spending, wealth will find you.
I can't recommend this book enough!
Needless to say, this book gave me a great deal of food for thought. My thanks to the team that helped make it possible.