Rating: 
Summary: Not a bad book. Contains some good information.
Review: The only reason I bought this book is because of "The Millionaire Next Door" (TMND) Now that was a really good book. I have mixed feelings about "The Millionaire Mind." It's an okay book, but it repeats a lot of what TMND says, and that was a bit disappointing. There are however several good points made. My favorite was the comparison of the Balance Sheet Millionaire and the Income Statement Millionaire. The myth in America is that wealth and all the goes with it has to do with income. In reality, it is accumulated wealth. I agree with that, but there has to be a distinction. If you accumulate wealth and it just sits there, what good is it? The author really doesn't say. I prefer "Rich Dad Poor Dad" by Robert Kiyosaki because he talks about accumulating wealth, but income producing wealth. If your wealth doesn't produce income, it really doesn't do a lot of good.I'm kind of on the fence about this book, and I did find some good information in here. For those of you reading this review, I will try to summarize chapter by chapter for you, so you can make up your mind. The first chapter is basically an introduction which summarizes the whole book. What are the characteristics of a millionaire. What are there attitudes and beliefs. Nothing new in here. I've read "Think and Grow Rich" by Napoleon Hill and other books like that, and they all pretty much sum up the attitude one needs to be successful. Chapter 2 is called "Success Factors." This is also about attitude. You know, courage, drive, ambition, overcoming odds, that sort of thing. I found the chapter to be somewhat enlightening. Chapter 3 I really liked. This spoke specifically about millionaires and their school grades and test scores. I would rate this chapter as my own personal revenge. I hated school because all I thought about all day was what business I was going to start when I left school. College wasn't even on my mind. This chapter really made me laugh. I loved the statistic that the average business owner millionaire had a grade point average of 2.76. Many scored around 900 on the SAT. I found this chapter to be very good and almost worth the whole book. Reading this chapter changed my overall view of the book for the better. I think it teaches a valuable lesson. Chapter 4 was okay. It talked about courage and wealth. Basically, when everybody tells you that you can't, prove them wrong. Take risks. Stuff like that. Pretty good. Chapter 5 was about vocation or what millionaires do for a living. This was my favorite chapter overall. I'll admit right up front that unless you're a self-employed professional or a business owner, this chapter won't mean much to you. As a business owner, I found many really good ideas in this chapter. One idea in particular, I can honestly say, made a big difference for me. I'm glad I bought the book, even if only for that one idea. Translated into dollars, it's probably worth thousands and thousands of dollars to me personally. Excellent chapter. Chapter 6 was about spouses. One point of this chapter is that divorce can cost you a bundle. Well, no kidding. It almost reads like a therapist telling you how to choose a mate. I agree with the basic premise of the chapter. As a single person, I didn't find it useful. If I ever decide to marry, I'll certainly reread it. Chapter 7 was about the millionaire household. Here's where we get to the coupon clipping part. I can't figure this out. I understand coupon clipping and all that, but for a millionaire? Come on now. I think his point is, and maybe he doesn't make it strong enough, that millionaires are indeed frugal. I mean, people don't get rich by spending money. They get rich by keeping it. I would classify this chapter as being useful for anyone who wants to get out of the struggle of earning and spending money. Chapter 8 is about the millionaire home. We've heard this before. Millionaires live in fairly standard houses. They don't buy impulsively or excessively. The don't buy for show. Pretty much what we read in "The Millionaire Next Door." Chapter 9 is about the millionaire lifestyle. I wasn't at all surprised that millionaires are more likely to visit their tax professional each year than take a ski trip. I found this chapter to be quite interesting. I think it went right to the meat of it. He talked of course about not having credit card debt, keeping spending under control and so forth. This chapter was about what millionaires do in their personal lives. How they socialize and so forth. Interesting information. The last chapter was very short and to the point. If you want to be a millionaire, don't follow the crowd. That's it. It's a good point; although, I've heard it before. My overall impression of this book was pretty good. There were many, many examples which helped put a realistic face on it. It's a 400 page book, so it takes a while to get through it. The real question is: "What will this book do for me?" We all want to know the bottom line. If you follow this book, yes, you can become a millionaire. If you work for someone else, forget it. Go buy a book on investing in the stock market. If you work for someone else and don't aspire to millionaire status, there is a lot of good information in here about being frugal and so forth. It's not a bad book. I'm giving this book 3 stars primarily because I'm comparing it to "The Millionaire Next Door." As a sequel, it's not bad, but it's not great. Is it worth buying? I would say yes. We're only talking about a few dollars, and considering what I learned in the chapter about vocation, I should reap thousands of times over what this book cost me. But then, that's me, my particular situation. If you hated school and own your own business you'll absolutely love this book. Email me and we'll start a club. In fact email me and let me know your thoughts. I'm curious to hear what others have to say.
Rating: 
Summary: Struggling Entrepreneur
Review: I wish so much that this book had been out 30 years ago. I read The Millionaire Next Door when it first came out and could not wait to read this one. I have bought it for my stepson because he definitely has the millionaire mind. I think that high school seniors should have this book on a list for required reading or extra credit reading (if there is such a thing!) because it is the best money advice book on the market and could help shape their spending & living habits for a lifetime. My congrats to Dr. Stanley for again writing a winner! By the way, would Dr. Stanley consider doing a newspaper or magazine advice column for entrepreneurs?
Rating:
Summary: WE ARE FRUGAL MILLIONAIRES
Review: WE ARE FRUGAL MILLIONAIRES (Sung to "If I were a Rich Man") We are FRUGAL MILLIONAIRES / Daidle deedle daidle deedle daidle dum / All day long we biddy biddy bum / Because we're FRUGAL MILLIONAIRES We STILL work hard EVERY day / Daidle deedle daidle deedle daidle dum / We are all a biddy biddy rich / Deedle daidle deedle daidle men We do NOT build a big home / With rooms by the dozen / And NOT in the middle of town / A plain shingled roof with linoleum floors below / There is just the one staircase just going up / And the same one coming down/ And one more leading / To the basement below We fill our junkyards with trucks / Complete with greasy old parts / So the town WON'T know we are here / Working just as noisily as we can / And each loud whack and a wham / And ka-boom and honk / Will sound like your mother-in-law on the ear / So they won't say here lives a MILLIONAIRE Ohhhh....... We are FRUGAL MILLIONAIRES / Daidle deedle daidle deedle daidle dum / All day long I'd biddy biddy bum / Because we're FRUGAL MILLIONAIRES If you have read the author's first book, "The Millionaire Next Door", then there is nothing much new to be said. The mantra for this book remains the same. Please sit quietly, cross your legs, place a one penny in your hand and repeat after me, "Frugality, Frugality, Frugality....". The only difference with this book is that the author attempts to paint us a more intimate picture of these frugal millionaires. Who are these people? What are they like? How did they get so rich and what do they think about? Well, according to the author they go to church every Sunday with the family, they spend time with their children at sporting events, they are married to the same spouse forever, they were just average at school and they base their success on their honesty, hard work and lead a balanced life. In fact he would have you almost believing that godliness is the road to wealth. Unfortunately the picture he paints ends up looking very much like Norman Rockwell's Thanksgiving portrait with everyone sitting around the dinning room table with the turkey on the table as the man of the house stands to give thanks. In fact what he has painted for us is a portrait of what most of us believe in our hearts to be true, the GREAT AMERICAN DREAM, that by hard work, determination, honesty and godliness, you too can also be rich. I don't mean to be so cynical but do you actually think these millionaires would respond to the author's questionnaire with, "I am unhappily married to the same b@*#! for thirty years and I cheat on her regularly", or " I made my wealth by betting on Boozer in the fifth and by running moonshine during the depression" or "I lie all the time"? Once again the author repeats the same fundamental error found in his first book. Both books are based (or should I say biased) on data that was collected demographically and represents only ONE TYPE OF MILLIONAIRE, what I am calling the frugal millionaire. Did I find the book interesting, yes to a point. Do I recommend it? Yes, if you think that it will inspire you to live more honestly, work harder and live more frugally. Is it scholarly? No. But some myths die hard, and the Great American Dream is certainly one of them. So cut up the credit cards and start cutting out those coupons from the Sunday paper because a penny saved is a penny earned!
Rating:
Summary: It Motivated Me
Review: I haven't read "The Millionaire Next Door" but this book caught my attention from the beginning,it was easy to read and understand. As I was reading "The Millionaire Mind" I started to get motivated. Alot of the characteristics he describes in his book made sence to me.
Rating: 
Summary: Taking an unfair advantage of his fame
Review: I was impressed with the book The millionaire next door.But,I agree with many of the readers that the millionaire mind is practically a copy of the millionaire next door.What a pity!.Now the image of the author has become negative;because it seems that He only cared to make money.
Rating:
Summary: Lousy Book
Review: Doesn't even come close to "The Millionaire Next Door". The author rushed "Millionaire Mind" to press after the success of "The Millionaire Next Door". Poorly written. Nothing new here. Not worth the purchase price. The book shouldn't even have one star---don't waste your money.
Rating:
Summary: Some great ideas....
Review: This text offered some great insight in to how real millionaires (based on net worth, not bank accounts) lead their lives. The assumption is that the millionaire lifestyle is the cause, not the effect, of their riches. I agree, for the most part, with Stanley's premise -- that the right spouse is a good thing, that integrity will take you farther than deceit, that reduce, reuse, recycle is a good thing, etc. -- but I'm not sure he's made his case that these things lead to riches. I also was chagrined to find that he equates money with success, often refering to those that chose to work for the social good (teachers, librarians, social workers) as "less successful". Not everyone considers money to be the only criteria for success. However, the value of the types of lifestyle choices he recommends are still considerable, regardless of one's need to generate wealth. I will be giving this as gifts to the young folks in my life.
Rating: 
Summary: 406 pages of regurgitation
Review: I really wanted to enjoy this book as much as I enjoyed the Millionaire Next Door, but Stanley makes it so difficult for me to enjoy. The data is almost worthless because of the collection methods. But what really infuriated me was that he didn't compare his millionaire data with the population as a whole. He gave me no reason to think that everything he said doesn't apply equally to the poor people as the rich people, and therefore he gave no true insight as to how millionaires are different from anyone else. And the book definitely doesn't apply to the Silicon Valley millionaires (of which there are hundreds if not thousands) - the SV lifestyle is dramatically different from what he portrayed in the book.
Rating:
Summary: Great book- you can live forever!
Review: I would have given The Millionaire Mind 10 stars but the rule limits me to five. But it is by far the best that Dr. Stanley has written. The chapter on choice of spouse alone is worth more than the price of this book. It should be a must read before anyone is granted a marriage license! As the book suggests, if more people evaluated marriage proposals along the lines of such qualities as integrity, sincerity and unselfishness, the divorce rate would likely decline. Yes! As the author points out, you can live forever, just marry the wrong spouse and every day will be an eternity.
Rating:
Summary: Errors in some reviews
Review: After reading this book, I will admit that the data collection process could have been improved, but it is not as poor as some have stated on this review board. In order to make an accurate conclusion about the validity and reliability of his methods, we would have to see step by step how he got his information (including a copy of the material he sent out to his participants) and what statistical analysis he used for certain kinds of data. Despite this potential flaw, no research project has ever been perfect, and no project ever will be perfect. Also, some reviewers have posted comments that say things like, "Money is not the only measure of your success as an individual. What about spending quality time with your spouse and children?" Although that may ring true, it is not the point of this book. This book was intended to measure personality traits consistent with individuals who have high levels of net-worth. It was not the researcher's goal to study the behaviors and beliefs of people who are just really nice and attend church on Sunday. Also, even if he tried to measure levels of self worth outside of the financial realm, he would have a hard time doing it in the first place. Measures of self-worth are far too subjective and qualitative in nature, while financial net-worth is quantitative and easy to operationalize. Also, the author does not state that money is the final determinant of a person's true sense of self-worth- it's just the specific variable he has chosen to study during the duration of this project. I did not think that this book was as good as his first, but some reviewers may want to be careful when arguing against his procedural process.
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