Rating: Summary: I plan to buy this for several relatives for the holidays. Review: Many people forget that this book says in the beginning that it interviews the millionaires. This is basically a statistical average of how many people in this country got to be wealthy. One critic says Bill Gates did not become rich by pinching pennies. Well he did not start out rich. He got there by using his money wisely. This book is about what people do to spend money wisely. It has started to change my habits. I am now looking at used cars instead of new. These little things make a difference. I do not use credit cards to fund my hobbies. I actually save now instead of pay debt. In ten years at the rate I am going I will be financially secure to the point of retiring. This book is not about the most outspoken rich but about the average person who does not waste money on trinkets. A person could learn a lot just by understanding why the people in this book are better off than the reader.
Rating: Summary: EyeOpener Review: This Book makes perfect sense. It makes the reader understand a very important point; wealth = net worth, rather than income or social image. Studded with research results and actual life stories it highlights the means, benefits and definition of financial independance. It has helped enlighten and transform my thinking. Well Done Drs. Danko and Stanley.
Rating: Summary: STOP "STALLING", START INCREASING YOUR WEALTH TODAY Review: This book reads like a novel. Although Ozzie and Harriet were not rich on their television show, the description of today's wealthy family reminded me of that old program. I found it interesting to learn what today's rich consume, how they dress, how often they eat out and what cars they drive. I'm not sure that's how I want to run my life. I was left looking for some direction on what a young person today should do to have a great chance of becoming rich to join this upper wealth class and have a more rewarding lifestyle. Without that direction, the old "stalls" set in. You may procrastinate by staying in your old job because it is secure even though you can get a better one where you can generate wealth from stock options, or you may follow tradition and limit your choices because parents and grandparents were hard-working middle income folks, so you should be also. Perhaps a sequel to this book, researching the best practices for becoming rich in the last year or two, and the trends in best practices would help steer people in the "green" direction would be in order. Also, some measurements about how much to invest where and what rate of progress is expected would also be useful. In the meantime, you'll just have to do this thinking on your own. I recommend The 2,000 Percent Solution as a complementary book to help you find better ways to become the happy, healthy millionare next door.
Rating: Summary: Just read the first 3 pages Review: The first 3 pages of the book was interesting. The rest was just repetition - over and over and over again.
Rating: Summary: Excellent Common Sense Book for anyone Review: Most of what is in here is common sense - spend less and you'lleventually be rich. But if you read the whole book, you'll findyourself actually following the "frugal" lifestyle a little bit more than when you began. Definitely worth the time to read even if you think you are already a tightwad.
Rating: Summary: Common Sense Review: I enjoyed this book very much. I too read alot of the one and two star reviews. No where in the book did I get the idea that one should live like Scrooge. Get knowledge, a good job, and live BELOW your means. Too many people so live, that three months without income and they're bankrupt. I can tell by some of the reviewers that they have been brainwashed, with many others, that consumption equals a good and happy life.
Rating: Summary: Okay, but I found better Review: The problem with so many money books is they assume that being rich is what matters most. Of course financial security is nice, but if you make money the focus of your life, you're lost. After plowing through a ton of financial books, I found only one (The Mindful Money Guide) that seems truly balanced about money. This wise book recognizes the virtue of simplifying your finances without forgetting about the bottom line. It also recognizes the emotional and social effects of money.
Rating: Summary: Insightful Data Review: I went through other reviews on this site about this book. I paid particular attention to the reviews that were one and two stars, because I thought the book was insightful. Many of the people that gave the book a low score did not seem to get the big picture or they took many of the topics in the book out of context. According to this book I would be a UAW, but what the book has inspired me to do is to not over extend myself with spending. The book really just gives you a list of priorities that seem to have been adopted by most of the wealthy. Plain and simple the the book brings out some very interesting topics. I see people everyday that drive vehicles that cost 40 and 50k and have large mortgages and do not have even a little money to save. The Book is not titled how to become a millionaire, so please do not get it twisted if you are buying this book. If you want to know how millionaires spend their money buy the book. I think the people that have given this book 1 or 2 stars are those that are probably looking for a way out of their bad financial situations and they could not handle the book because it reminded them that they should not buy champagne when they don't even have budweiser money. The truth hurts but it also helps if you let it.
Rating: Summary: A great book about how the wealthy get wealthier and why! Review: This is an outstanding book that we can all relate to, and really gets to the point about how consumerism in the mentality of the average American keeps us all slaves to paying bills! A definite must read if you are searching for knowledge about money and how it works (and how it doesn't work, too!)
Rating: Summary: Will teach anyone to save and accumulate wealth. Review: Although the author loves the saver and shows extreme prejudice against the American consumer, this is a fantastic and motivational book. It takes the pain out of saving and empowers all readers with strength to make the sacrifice. From an investment point of view, it came in quite handy in my profession, where I deal with people and their money constantly, as a financial advisor. Brokers are not taught to ask and advise their clients in regards to their consumption and spending. This book gives strength to the broker who must find out what the client does with their money. The book's best points are it's revelations about the self-made wealthy American and their tightwad attitudes toward consuming. It was particularly enjoyable to learn about the lack of wealth of those who support the "display and consume" culture many people live in. Perhaps it's best point was in the issue of the more you spend the less you have in net worth. Very compelling and empowering for those who are either pennywise or those who wish to be. Possibly some of the best financial advice I've read this year. I also highly reccommend his desktop calendar which reminds readers on a daily basis of the importance of frugality and thrift.
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