The Millionaire Next Door

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View books by Thomas J. Stanley, William D. Danko.

So many ahaa moments - Rated
Fantastic read with an abundance of ahaa moments. Loved the description of offence and defence. I feel inspired.

Worth the Money - Rated
I wasn't sure whether I should buy this book. After all, if I kept my money I'd Get-Rich-Quicker! However,after buying it I did feel it was enlightening and worth the money. It's a book about the spending habits of rich people based on real research and also about the perils of living a high-consumption life style. On a positive note I didn't feel that it was as repetitive as some of these books can be. It is definitely a life changing book.

An intriguing insight into the reality of creating wealth - Rated
This book exposes the truth behind the great wealth generators of America. Its message however has universal application. Contrary to expectation, real accumulators of wealth don't do any of the things that popular perception would have us believe. They don't have expensive tastes, live in plush houses, drive executive cars or wear the trappings of success. Instead, they budget very carefully and live well within their means, setting aside a sizeable proportion of their income for investment. This book explodes the myth of high earners necessarily becoming rich and supports its assertions with a wealth of detailed statistics. Most millionaires are apparently frugal, well-disciplined in handling their finances and frankly, downright dull! Not the sort of people that warrant a second glance.
Easy to read and enlightening, it may not be too late to change your behaviour and to embark on becoming a Prodigious Accumulator of Wealth (PAW)

Because "Common" Sense is Not So COMMON - Rated
MND is basically an encyclopedia of common sense but the reason it has become so popular and debated is because morons ARE common in this culture and common sense is not.

Some individuals complain because they do not need the information that this book has to offer. Why do they force themselves to read it? Read something else...that would be afterall, common sense. If the truth be known there are many thousands of people who do need the information in this book...common sense would also tell you that that is why it is so popular.

I am the child of inner city lack, injustice and poverty. My father and my mother divorced in the 70's. My father lived paycheck to paycheck as an auto worker for Ford Motor Company. My mother raised 3 children alone on welfare.

A correct relationship with money and the accumulation of wealth was never modeled to me or my contemporaries. The cycle of poverty of body, mind and sometimes even spirit is an unending one among many segments of American society.

Information, like knowledge is POWER!

This book gives information and with information some people will be able to break negative cycles and free themselves from the bondage of ignorance and poverty. If I had read this book when I was 20 years old instead of now at the age of 35, my situation as the divorced parent of 3 would be significantly improved.

BETTER LATE THAN NEVER HOWEVER.

I work with the "adult" children of high income producers. I am an academic adviser in a private college. EVERYTHING the book says about these over indulged/ under motivated young people is true. Many have little drive, focus or appreciation of the need to work hard. "Mommy and Daddy" have done it all for them and as long as Mommy and Daddy continue to fund their life long party, they will be just fine----and they know it.

My children can not however, afford to have such an attitude. Neither can I. My father barely provided support for me to have clothes and food as a child. He certainly did not contribute anything toward my well being as an adult. What's more is that I never expected him to.

I have purchased a copy of this book on CD and have begun listening to it with my teenaged children. They love it! There may or may not be time enough for me to become a millionaire before I turn 40 BUT my children will be empowered with the perspective needed to obtain the tools and nurture the attitudes that foster wealth accumulation.

I thank Thomas Stanley for his contribution to the vast warehouse of information that is available to us all. If one person reads this work and it improves the quality of her/his life then a great blessing has been bestowed upon us all.

P E A C E

labl

How Explain the Economic Productivity of Russian Americans? - Rated
I never suppose that Russian Americans group ranks first in the highest concentration of millionaire households in the United States. There are approximately 22 of every 100 households headed by someone of Russian ancestry has a net worth of $1 million or more. Russians in disproportionate numbers are manager-owners of businesses. (Please read an excerpt from the book in Amason.com.) In all, I think the rich, no matter what part of the world they came from, all share the same values that make them rich.

The idea of calculating the PAW and UAW created by Thomas J. Stanley and William D. Danko now became a commonplace in a popular financial literature. A couple of charters in the book are devoted to relationships with children. Authors believe the more dollars you give to adult children, the fewer dollars these children accumulate. I think this is absolutelly right.

I truly enjoy reading "The Millionaire Next Door". Anyone wanting to get rich should read this book. "The Millionaire next Door" like the "Richest Man in Bablyon" gives you the why people become millionaires and is a must read for anyone who wants maximum financial success.