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The Millionaire Next Door : The Surprising Secrets Of Americas Wealthy | 
 enlarge | Authors: Thomas J. Stanley, William D. Danko, Cotter Smith
Category: Book
List Price: $35.00
Buy New: $29.97
You Save: $5.03 (14%)
New (6) from $29.97
Avg. Customer Rating:  784 reviews
Sales Rank: 613400
Format: Bargain Price, Unabridged
Media: Audio Cassette
Edition: Unabridged
Number Of Items: 6
Shipping Weight (lbs): 0.5
Dimensions (in): 7.1 x 4.3 x 1.8
ASIN: B0007YJ3TI
Publication Date: September 1, 2000
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
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 779 more reviews...
 First step to becoming a millionaire.... July 21, 2008
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 1 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 4 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.
Great read! June 11, 2008
1 out of 1 found this review helpful
Descriptions from interviews of millionaires were the most interesting aspects of this book. The authors occasionally cited actual paraphrases from some of these folks and those statements were often impactful.
At the end, it's all common sense as in almost all business books. My biggest gripe was the overbearing use of statistics - they can make the numbers say whatever they want and there were times that they did this. For example, their questionaire must have had a question about being self-made or did they recieve an inheritance. Everyone always says they are self-made even if they came from a fairly well off family. They oversimplify how difficult it is to become more wealthy than your parents. Relying on the answers to a questionaire for this insight is unreliable.
But in summary, the book makes some great points about the inner workings of a traditional successful business owner. My favorite of which is that any business owner in any industry can become immensely successful, whether it be hauling garbage, running pawn shops, designing software or selling pharmaceuticals. It's all about hard and smart work.
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