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The Millionaire Mind

The Millionaire Mind

List Price: $26.95
Your Price: $26.95
Product Info Reviews

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Rating: 1 stars
Summary: A Dismal View of Society
Review: A feeble attempt at combining hard data with an intelligent interpretation of the data. The book places every decison made by the so-called millionaires in the context of the financial side of the equation, completely ignoring the human side of the equation. The underlying thesis attempts to place all life decisons into a life-balance sheetequation. The people that populate this book do not meet the standards of those "millionaires" that I happen to socialize with - but maybe I just found an unusual group. The book is certainly not worth one-tenth of the asking price - even discounted.

Rating: 3 stars
Summary: Not too great
Review: I really enjoyed reading The Millionaire Next Door. The Millionaire Mind, however, seemed to restate many of the things already said. At times this book was outright boring to read, whereas I found the first book fascinating. If you've read neither I'd urge you to spend your money on The Millionaire Next Door instead. For those of you who read Next Door already... honestly, I wouldn't bother with this.

Rating: 5 stars
Summary: A Parent, Sales Manager with "Millionaire Mind"
Review: From the perspective of a parent and one who has worked in sales all his life, this book, and the previous best seller "The Millionaire Next Door" and must reading. If you've worked hard enough to accumulate wealth (PAWs in Dr. Stanely-speak) get this book. Help your kids and your sales force learn all they can about the "Millionaire Mind."

Both my young-adult offspring have copies of "Millionaire Mind" already. I want them to understand why Dad frequently said "No" to their requests for "famiy wellfare." They receive more by developing their own "Millionaire Minds" than by me buying them more stuff.

Before starting my private consulting practice I was a General Partner in charge of sales and sales training for a major brokerage firm. I've read all of Dr. Stanley's books since "Selling to the Affluent" and I gave all my top sales professionals copies of each of D.r Stanley's books.

Even if salespeople under your care don't have the "Millionaire Mind" themselves, they are probably trying to sell to people who do. This book gives valuable insight.

Get the Tom Stanley library and your sales force will be better for it.

Rating: 5 stars
Summary: Sensational
Review: I found Dr. Stanley's The Millionaire Mind an absolutely senational book. I thought it was a great follow up to The Millionaire Next Door. It's a must read!

Rating: 3 stars
Summary: The second time around
Review: If you have NOT read "The Millionaire Next Door" "Mind" might well rate 5 stars. "Mind," however, seems to rehash what was better said in the first book. I am so disappointed that the author did not produce what the title promised; insight into the "mind" of the millionaire.

The sample troubled me as well. The author sought out millionaire neighborhoods assuming that typical millionaires would only be found there. Untrue. Individuals of substance live in other neighborhoods. We could have used some insights into those "minds" as well.

Rating: 2 stars
Summary: Ditto
Review: Dr.Stanley used this sequel to line his millionaire pockets with our aspiring dollars. I thoroughly enjoyed The Millionaire Next Door, however, The Millionaire Mind was a disappointment. The book is filled with redundant information and incredibly boring personal stories.

Rating: 4 stars
Summary: This book gives hope to idiots everywhere.
Review: Hey, this book gives hope to me. This gives a good profile of the average multi-millionaire, and lets you know what to emulate in your attempts to get where they are. That good grades do not equal financial success in the future I know well, because one of my best friends from high school made the FORBES 400 list. When I first met him in high school, I asked him what grade he was in. He said, "Well, I'm supposed to be a junior. But my record is so bad, I think I'm technically still a sophomore." (Hardly the sign of a good student!) As far as good SAT scores not guaranteeing future wealth: this same friend of mine--when applying to a college that wasn't hard to get into--knew he wasn't "smart" enough to score well on the SAT's, so he had his more academic brother take the SAT's for him (they looked a lot alike). As a result he got into the college he wanted to...and then dropped out...and went on to become worth more than 1/2 a billion dollars. These are the types that appear over and over in these pages. (Although I have to doubt that millionaires are consistently ethical, as this book claims. My friend illegally had his brother take the SAT's, and my friend also was my only friend in high school that went around stealing car stereos). That's my one complaint about the book, having people THEMSELVES say that being honest was part of their success. How many dishonest men say they are dishonest? That's for others to decide. And we all know of robber barons in history who ended up filthy rich, by being dishonest. But everything else in this book is helpful, and well worth reading. Hey, reading this book may mean the difference between being rich and poor. In that case, it's probably worth the purchase price.

Rating: 3 stars
Summary: should really be titled 'some millionaire minds'
Review: i bought this book because i found the author's first book, 'the millionaire next door' to be fascinating reading, and full of useful information about the traits that many millionaires have in common. it challenged my perceptions and society's portrayal of what the wealthy look like, act like, and want.

the millionaire mind, however, is nowhere near as interesting, because it makes far more qualitative conclusions about how *a very specific demographic* of millionaires think. many of the people in the subject group are over 50, and made their money in the 'old economy.' here in seattle, many of the author's conclusions and generalizations don't apply to the profile of the average millionaire. and, since the puget sound has the greatest per capita concentration of millionaires in the country, the book was a disappointment to me. i wanted to know what the microsoftie down the road was thinking, not the old oil baron in texas! that notwithstanding, many people will probably find this book fascinating.

just don't expect the same degree of reflection on social mores that you got in the author's first book, or the same degree of statistical comprehensiveness.

Rating: 4 stars
Summary: Do you believe luck ?
Review: Sorry, I can not actually rate this book as I did not have chance to read it, but read the reveiws in this Web screen. But let me say that in Orient, there's belief on old saying that big money comes from heaven while dilignet people may earn their living. Money oriented people may get a big luck from heaven, whlie lazy ones fated to live hand to mouth - most possibly by will of God. Good talent, for sure, is helpful to make better money than poor talent, but it is not fundamental essence to be a millionare. My belief is that being loyal to catch the chance -given by God- as a awards for royal to one's ethic is the only key to be a millionare. Three big chances from heaven (God) throughout one's lifetime are supposed to be passing by everyone - Oriental people says.

Rating: 3 stars
Summary: Not "The Millionaire Next Door II"
Review: Like most of the other reviewers, I have read "The Millionaire Next Door" and found it fascinating and informative; therefore,I was eager to read this book as well. However, for many of the same reasons cited by other readers, I found "The Millionaire Mind" less than illuminating. Too much of the material is anecdotal-- a few too many self-congratulatory tales of how Thomas J. Stanley's hard work and discipline made him "the man he is today". The lack of empirical evidence for many of his conclusions is also not a little damning. Self-reporting may be reliable if one is attempting to determine the most someone has paid for a pair of shoes or whether or not they use grocery store coupons. However, Stanley seems to simply accept at face value all of his respondents assertions about how and why they have achieved financial success, providing little in the way of analysis of his rather dubious "data". In what way(s), exactly, does being honest contribute to wealth accumulation? What examples can the respondents provide of concrete ways in which their "balanced" life-styles have enhanced their net-worth? This is a perfectly pleasant read for those seeking anecdotal exhortations designed to inspire adherence to "traditional American values". But in terms of providing substantive, emipircal data on how to build wealth in America, or, even in terms of it's explicitly stated purpose of providing genuine insight into the Millionaire Mind, "The Millionaire Mind" cannot be considered a success.


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