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| The Millionaire Next Door: The Surprising Secrets of America's Rich (Unabridged) |  | Author: Danko, Thomas, William Stanley
Publisher: audible.com
Category: Book
List Price: $35.00
Buy New: $18.38
You Save: $16.62 (47%)
Avg. Customer Rating:  785 reviews
Media: Audio Download
ASIN: B0000547HR
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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 780 more reviews...
 Rich message, poor delivery August 17, 2008
Don't get me wrong, this book is founded on smart advice. Its main morals are the following:
- Don't believe what you see in the media; most millionaires don't live extravagant, consumption-driven lifestyles. The pursuit of status is stratospherically expensive, and chances are that guy you see pulling out of the Super-Size McMansion in his Benz is a hardcore spender with above-average income but little accumulated wealth.
- The rich get rich by spending prudently (no $5,000 watches or $50,000 cars) and investing wisely. No matter your income, live below your means.
- If you want your kids to learn the lessons of financial independence, avoid giving them cash handouts, which they'll come to expect all their lives and will weaken them mentally. Just invest a crapload in their education and leave the rest alone.
All useful stuff, but the way the authors tell it makes the book a chore to read. The depth of the narrative never goes past personalizing those points with long-winded anecdotes filled with numbers, few of which succeed in really animating the messages. As the chapters go on, you find yourself just plowing through one indistinguishable story after another, most of which repeat the same points. This book could have easily been 100 (maybe 200) pages shorter.
 First step to becoming a millionaire.... July 21, 2008
1 out of 1 found this review helpful
Is learning how millionaires think and act! This book does just that! Please read this book for true understanding of what it takes to get there, no sugar coating in this book and straight to the point. MUST HAVE!
Great data-driven information on the American wealthy July 20, 2008
This book is one of the most highly read and rated personal finance books and aptly so. The data-driven research reveals who the real millionaires in America are and its not the flashy, sports car driving individuals you might think. Its a very insightful look ino the lives, habits and finances of America's wealthy, covering a wide range of topics from purchasing watches and cars to economic outpatient care and self-employed business owners.
Although the amount of data presented can become dry and redundant at times as other reviewers have stated (my main reason for 4 instead of 5 stars), the information is there for those who want to take a deeper dive into the numbers behind the summarized observations.
Overall, this book presents some great personal finance lessons and is highly recommended, along with the simple lessons to be learned in "The Richest Man in Babylon"
 Not what you'd expect.. July 10, 2008
0 out of 2 found this review helpful
"Affluent" as defined by Websters dictionary, is "having a generously sufficient and typically increasing supply of material possessions", not really the millionaire next door that this book has studied. Upon reading the book further, I became disheartened. I want to be a millionaire, but do I want to be the millionaire described in this book? Do most millionaires really look like this? Several people I know came to mind that fit the description of the typical millionaire in their study. They are very very frugal and spend A LOT of time thinking about, managing, and planning their money and investments. These are usually not people who are the life of the party. Actually, they're usually not invited to parties. Not a lot of fun to be around. They are persistent accumulators of more and more wealth. They are not givers naturally. The book continues to use the term "affluent" over and over, but these people are not affluent, in lifestyle or generosity.
 Overrated June 17, 2008
0 out of 6 found this review helpful
While the book has some interesting insights into the wealthy, what is the point of amassing a fortune if you're living well below your means? If you're looking to make some money I recommend you read some books on investing. Phil Town's book "Rule #!" is a great book based on the same investment strategies that Warren Buffet uses.
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