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.
Rating: Summary: The Millionaire Rip Off Review: This book made me so angry I don't know where to begin. I wish I had more than a 1000 words, because I could go on for 10 pages about the problems of this book. Even if you can get through the artless, tedious writing style, this book doesn't deliver anything new. I read The Millionaire Next Door, and I feel like I just read the same book again, only twice as long. What a waste of time. Don't be fooled: This book is nothing more than a transparent attempt to cash in on an earlier success. The author should be ashamed of himself.
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