Rating: 
Summary: great
Review: I feel that this is a book gives many good suggestions which can help someone become a succesful person in life. I learnd a lot from reading this book. it really gave me a new idea on who the millionaires are in the us. I believe that everyone should at least read part if not the whole thing.
Rating: 
Summary: Would't be first on my recommended reading list
Review: On a whim I decided to pick up The Millionaire Next Door, having been recommended it several times - I'm glad I bought it discounted, and not necessarily for the reasons the authors would give.The authors have a distinct definition of 'wealthy' which differs from the 'average American'. Rather than defining a wealthy person as one who '[has] an abundance of material possessions', they define a wealthy person as one who '[owns] substantial amounts of appreciable assets'. They explain that 'many people who display a high-consumption life-style have little or no investments, appreciable assents, income-producing assets, common stokes, bonds, private businesses, oil/gas rights, or timber land' (pg. 13). The rest of the book relies heavily on statistics and scattered brief excerpts from interviews from millionaires and wealthy people defending this position. I found this book to be woefully repetitive, its easy to discern what Stanley and Danko are on about after the first chapter. Very little advice is offered for people earning lower incomes regarding how to save and make use of what they do earn. The majority of the suggestions are aimed at mid to high income individuals and families. The suggestions the authors give on how to conserve wealth come off more often than not as being cheap, rather than reasonably frugal advice. Some luxury must be allowed to enjoy life, and this point is not addressed. Overall it may be worth reading, it does offer some surprising insights into the households of America's millionaires, but it wouldn't be first on my recommended reading list.
Rating:
Summary: Defintely a worthwhile read
Review: The Millionaire Next Door is an awesome book to show you the way to wealth and financial freedom. Great book--highly recommended.
Rating:
Summary: Can you spot the Millionaire Next Door to you???
Review: Before buying The Millionaire Next Door you may have some questions. I had some too like: 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? In The Millionaire Next Door you will get the answers to these questions and more. This is the book that is changing peoples lives---and increasing their net worth. It sure has helped me and will help you as well. Pick up The Millionaire Next Door and read the never before told story about wealth in America.
Rating:
Summary: Very worthwhile read
Review: The Millionaire Next Door is without doubt one of the best financial books ever published. It tells you exactly how millionaires became millionaires. Unfortunetly, achieving wealth requires discipline. Too many people would rather live for today and forget about tomorrow. Too many people think that success is a college degree and keeping up with the Jones's. The higher their income, the higher their lifestyle. Interesting that small business owners were so successful and that the most successful were normally mundane businesses. I read that the #1 producer of millionaires in small business was via dry cleaning. And you thought it was technology! The Millionaire Next Door is a powerful book that can positively change your life. Some others include Rich Dad Poor Dad, The Automatic Millionaire and More Wealth Without Risk.
Rating: 
Summary: The simple truth about wealth
Review: Charles Dickens (in David Copperfield) had it right: "Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery." Essentially, accumulating wealth is all about under-spending, and that's the central message of Stanley and Danko's very clear and readable book. There are numerous references in the book to academic studies of wealth (written by the authors--a university professor and a former professor) that add meat to the common sense financial bones throughout the book; however, you don't need an understanding of higher math to comprehend the message of the studies. If you don't appreciate how powerful the combination of regular saving, combined with time and compound interest, can be, then this book will open your eyes. Chances are, however, that you may already appreciate the message of this book. If so, you can buy the book and most likely still enjoy it. However, since the authors will be preaching to (your) choir, this book may not change your world. Those who really need to read this book are those who don't already appreciate the benefits of living well within their means and, as a result, greatly expanding their future means. For example, if your children are teens, they could benefit greatly from the common sense financial wisdom that runs throughout this best-seller. (Of course, your kids could listen to you, but sometimes they aren't especially eager to follow parental advice.) I've given away many copies of this book (I don't have that many children), and a number of the recipients have taken the time to tell me how this book changed their outlook on spending and saving. In a nuts-and-bolts sense, this book describes the most common characteristics of the wealthy (drawing on the authors' studies), their living habits, how and where they shop and buy homes, how they are employed, what sorts of chances in life they take (and don't take), and the long-term effects of adult childrens' continuing financial dependence on their parents. (The last point could be an eye-opener for some.) One of the authors (Stanley) has written a follow-on book, The Millionaire Mind, but I think The Millionaire Next Door is clearly the better of the two books. All in all, it's a very worthy effort.
Rating:
Summary: The Amazing Truth about small business people
Review: The amazing truth is that the millionaires who own small businesses are pretty down to earth, simple people. They live right "next door" to many of us and run, not high tech, but in many cases, mundane businesses like plumbing contractors, machine tool shops, and the like. They are wealthy and they are careful, if not frugal, but definitely not cheap. During my 18 years as a financial planner, I met many millionaire, successful small business owners who, through hard work and modest living accumulated some very significant wealth. I also met a lot of high income professionals like lawyers, sales people, and image oriented executives who had lots of "stuff" but no true wealth. The book by Stanley and Danko is an excellent analysis of America's vital small business community which creates the large majority of new jobs in our country and represents the true backbone of our economy. Reading it will definitely increase one's economic IQ.
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Summary: How to become a millionaire
Review: The Millionaire Next Door is a non nonsense book on how to become a millionaire.It is not "get rich quick" and you may read some things that you don't like or agree with (disagree if you want, but are you a millionaire???)This great book will show you why the people you think are average are in fact rich. And the people you think are rich, are actually renting their lifestyles and paying through the nose.The Millionaire Next Door was a great book when it came out several years ago, and it still a great book today. Must reading.
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Summary: The key is between the lines
Review: The Millionaire Next Door is a fantastic masterpiece on the essential characteristics that millionaires share. What was even more compelling for me than the actual statistics were the insights that these statistics indicate. For instance, if millionaires on average live below their means and at the same time invest their means into their own businesses, then this indicates that by far that all of their experience indicates that if one wants to have the best chance of attaining millionaire status he or she must have a business of their own. I was reading the Millionaire Brain by Donny Lowy, and I noticed that many of the millionaires who were self employed all followed very specific plans based on carefully planned out strategies. Even when they were operating in very diverse businesses there was a correlation between the planning and execution methods that all millionaire business owners shared.
What the Millionaire Brain does show, which the Millionaire Next Door supports, is that the characteristics of a millionaire need to be invested in actions that are backed by a plan of action that has been proven to produce positive results. If you look at Bill Gates or at Donald Trump, you will see that they both had plans of actions that were based on the fundamental precepts that all millionaire business owners share.
Rating:
Summary: Very interesting analysis
Review: I found it interesting that according to this great thesis by Stanley and Danko, a full 5% of all the Millionaires created their wealth in sales. The study futher states that those millionaires made their money in sales, became very good at selling, earned an excellent living and saved and invested a substantial part of their income. As a result, became millionaires. The last part is where most people go wrong. They spend all of their income; they spend first and never set up an investment plan. Read and apply the principles in The Millionaire Next Door. Consider making selling your profession. Make a committment to become excellent and save/invest a substantial portion of your income. There is no level of income that you can't outspend.
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