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Summary: Frugality?
Review: I don't like the idea of living below your means, I like the idea of expanding your means. Although, this book gives you some interresting facts.
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Summary: An Interesting Read
Review: This book has cold number facts regarding who the real millionaires are. It is very informative and it shows how disciplined one must be to truly accumulate wealth. Real wealthy people aren't living how the media dipitcts them- for example, they buy american cars, not imported luxury cars. This is their frame of mind.
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Summary: the eye-opener
Review: this book is really the eye-opener to the reality and truth about the rich. This book has analyzed every aspect of what the rich do and what they wear, drive, eat, own, etc. Who would of thought that that your next door neighbor who always wears the same jeans and drives that 3 year old domestic car is a millionaire. millionaires are those who know how to save money and buy only wht is necesary. I really enjoyed reading it and would recommend it to anyone interested in finding out the truth about the rich.
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Summary: How to be a millionaire after reading this book
Review: This is a novel in which one can learn how to be successful and hopefully one day be their own millionaire. It's a quick read and a very informative book. It's full of typical millionaire stereotypes and how to spot a millionaire in your own neighborhood.
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Summary: You never know who lives next to you
Review: This book has taught me so much about millionaires and their lifestyles. I always thought they were the ones living in large homes and driving the expensive cars but I was wrong. Most are self-made millionaires and are very intelligent. They are frugal and know how to invest and use their money. It's also not impossible to become one. You'd just have to be willing to work hard and learn to plan and build wealth.
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Summary: A Good Perspective on Accumulating Wealth
Review: One would expect a multi-millionaire to walk down the street with fancy clothes, wearing top-notch jewelry, and carrying a few shopping bags from high class stores while stepping into a brand new SUV or expensive car. After reading "The Millionaire Next Door" by Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D., my views have changed a bit. This book explained how many millionaires do not hold up the typical stereotype. In fact, a large percent of them live in normal homes and are quite careful with their money when it comes to financial situations like paying for education and the yearly spendings. The millionaires who live up to the stereotype do exist but contain many problems later in life when they try to retire. The most important aspect of this book is the knowledge of how to become a millionaire. Anyone can strive for wealth and make good money if they know the correct ways to go about it. "The Millionaire Next Door" opened my eyes to interesting aspects of how to accomplish wealth in todays society. A key to this books success is the stories of people's lives who are millionaires today and how they either achieved wealth with their high income or killed it by spending more than was necessary.
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Summary: Katie's Review
Review: I thought the book had a lot of though put into it. There was a lot of interesting facts, but it was all information I already knew. I know that if you want to become wealthy you must get assets and save your money instead of spending it all on material possesions. For some people this is very hard to do. For me it is a very cncept for me to accept: frugality. In my opinion, if you make enough money to buy nice things why not buy them. Why work so hard all your life to save money and hand it all over to your heirs. Now some people don't do that and just make a lot of money so that they may retire early and spend the rest of their life relaxing. Maybe traveling the world. But my whole point is, at least spend what your earn doing what you want as long as you have all of your other financial affairs in order.
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Summary: Wish I had read this a few years earlier
Review: This book is exactly what my parents have been telling me for years! For years I have earned good money in my banking job, and spent freely, living sometimes above my means. This book rang a bell and woke me up to reality. My life has literally changed after reading this book. I was living the high life - spending lots of money on fine dining, fine wine, travels around the world in luxury hotels, lots of boys' toys...basically the life of someone very wealthy. Anyone who looked at me would assume that I was loaded. But it didn't faze me since I have a great job that paid well, and I could afford it. The truth is that while I had a good amount of savings even after my conspicuous consumption, my savings would only support my lifestyle for a maximum of 2 years or so if I no longer had an income. This book made me realize "financial freedom" was not about being able to spend lots of the money that you earned, but about saving for the future so you don't have to worry about whether you can continue to earn a lot of money. I highly recommend this book to anyone who wants to maintain financial freedom and the ability to walk away from a job without worrying about where money was going to come from.
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Summary: An eye opener for most of the poeple.
Review: Most of the people, even at their old age, have misconcepts about wealth and wealthy people. The Millionaire Next Door teaches us a new way of seeing the things and drawing conclusion. The language used in the book is so simple that even Non-English speaking people fully understand without difficulty what the writer wants to say. I wish I had, thirty years ago, this book with me.I bought this book about 2 years back. I am trying to change my "financial life" in accordance with the principles set out in the book. I am confident about my success.
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Summary: Do not miss reading this book if you are on your way up
Review: Amazon[.com] Review of "The Millionaire Next Door"
I must have read the book ten times and recommended it for everyone I care for and bought a dozen of it for distribution to close people. It is one of the best books in the field. I came to live in the United States thinking that everyone in my posh neighborhood OWNS his vehicles and has a good chunk of asset in his house. This book told me a lot about the American life and taught me how to bring up my children in a healthy financial way. I highly recommend it for everyone interested in knowing the deep secrets of the life of rich and not so rich people in USA. Coming from the Middle East, where one should pay for everything he owns; I was astonished to witness what has happened to my rich-looking neighbor in my upscale neighborhood in USA when he died from a car crash. He was not only not rich, but he was very much under. That really validated the true nature of this book. I wonder how one can enjoy life if most of the things he own belongs to the banks and he pays so dearly on them!! Rather than spending years to come up with the truth about the real American life, one should read this book from cover to cover, perhaps as many times as he can.
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