The Millionaire Next Door
Ratings14
Average rating3.9
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. "Why aren't I as wealthy as I should be?" Many people ask this question of themselves all the time. Often they are hard-working, well-educated, middle-to-high-income people. Why, then, are so few affluent? The answer lies in The Millionaire Next Door: The Surprising Secrets of America's wealthy. According to authors Thomas J. Stanley and William D. Danko, most people have it all wrong about how you become wealthy in America. It is seldom inheritance or advanced degrees or even intelligence that builds fortunes in this country. Wealth in America is more often the result of hard work, diligent savings, and living below your means. - Jacket.
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Like most financial books I've read, I wish I had read them earlier in life. This book was really good. It was very “our studies show”, followed by charts and percentages. But the information was interested regardless of the 1996 original publish date.
I think the amounts of millionaires have changed and maybe the businesses they are in but the core concept of the book (Prodigious Accumulators of Wealth vs Under Accumulators of Wealth) still has value.
This is an excellent book with a great look into the truly financially wealthy in America. It will correct your perspective on who really has wealth and who just spends as if they do. It covers PAWS (Prodigious Accumulators of Wealth) and UAWS (Under Accumulators of Wealth) and characteristics of both. This can be a very enlightening book.
The only reason I gave this book a 4 out of 5 is because the author hasn't updated some of the statistics since the late 90's. Other than that, the principles are all sound and make sense to me. Great book.
