Rating: Summary: A look inside the mind's of the millionaire men of America Review: The Millionaire Mind, by Thomas J. Stanley, is an uplifter for all those who told that they wouldn't make it. Stanley shows that IQ tests and entrance exams don't mean much if the person doesn't have the integrity to make himself a millionaire. Full of numerous tables and charts that compare the facts and the fiction, it's an easy guide to see just what the odds are of people with certain traits hitting it big in today's world. Celebrating traits ranging from honesty and taking risks, to completely random things like choosing a good spouse, this book shows how everything in a person's life can be influential in determining the success of a person. The anecdotes are very funny and are often dripping with sarcasm, as they are actual encounters of the author's. The stories from the interviewed millionaires are uplifting and give a sense of hope to everyone who thought and were told that they would never amount to anyhing in life. Overall, this was a very good book that keeps one reading from cover to cover, and wondering what they can do with their talents.
Rating: Summary: Very informative Review: I enjoy reading this book because it is based on an actual survey of millionaires. Unlike most personal finance books, the ideas are not based on one person, the author. It is surprising to see some of the misconceptions we usually associate with millionaires such as fancy cars and houses when the majority of the millionaires do not want fancy cars because they depreciate rapidly in value and live in respectable residents that they got for a deep discount. It is also inspirational because most of the millionaires were not A-students. I recommend it highly.
Rating: Summary: Excellent Insight Review: Especially very useful for people who has a fixed set of 'image' on millionaires./// The points are very interesting here although i must admit that the author is being too wordy./// Advise: Read the first chapter (introduction to the millionaire mind) and you will get all the points in the book.///If you have the time though, i do recommend you to finish the book since there are many stories of the millionaires.
Rating: Summary: To be rich, learn the thoughts Review: In order to understand how to be rich the study of the rich is necessary. I believe that the rich, that money, is a thought different than what people think. Rich/money/wealth is the manifestation of thoughts, following through. Motivation, opportunity, foresight. Money is not what we think, our minds are something greater than we can fully understand and I think possibly that money is the manifestation of our mental energy in the tangible world. A stronger control over our minds. Therefore a better control over our minds.
Rating: Summary: This Book Shows You that Anybody can have what it takes! Review: This book superseded my expectations because I read some of the Amazon's members' reviews beforehand. I really like how this book reveals how a lot of the millionaires everyone seems to be in awe of are from average to even low levels academic achievement. Of course, that doesn't mean that I think everyone should underachieve, but it does show that just about anyone can achieve high levels of wealth regardless of educational achievement. It's all in the mind! Lately I've been hearing a lot about "are you doing what you were put on this earth for?" and a big part of this (the clue) is "are you doing what you love to do?" That is one of those seemingly obvious points that wasn't so obvious to me before... that most millionaires are doing what they love to do and that's what made them millionaires. If you're planning to have a mate in you life, you really have to be sure he or she is a wholesome person through and through in order to keep your money from leaving you like crazy. Stanley points out that so many people (we men especially) are highly hung-up on physical attraction (there's a story in this section about a guy who found out about his long-term girlfriend's hidden agenda that will just make you stop in your tracks). We could all definitely learn a lot from the insistence that most millionaires exercise when they consider a mate for the true humanistic attributes rather than money or looks. The Chapter on "The Economically Productive Household" can really teach you a lot about making your lifestyle more efficient economically even if you don't plan to make a million dollars (see page 282, 3rd paragraph for a really good piece of advice). If you're looking to buy a house (and make it your home) "The Home" chapter is a definite "must-read". If you're buying and feel you don't have time to read the whole book, at least read this chapter (and this is coming from a 36-year-old single guy who isn't looking to buy a house in the very near future). I assure you it can save you a lot of money and maybe even heartache and stress. Overall, this book shows good insight on the millionaire as a person. Just as they say, "You are what you eat", You are definitely what and where your mind is. Let Stanley show you where this group of people's minds are so you can get your mind there! Just as I wrote in my review on "The Millionaire Next Door" I'm giving this four stars because of the profundity of unneeded charts. Just look them over or overlook them so you can enjoy the text.
Rating: Summary: The millionaire madness Review: If you want to be manager - you study and follow the greatest managers. If you want to be rich - you do the same thing the rich people do (or write a book on this subject). This is where this book comes. It studied general rich people - a lot of them. What is more important is that greatest majority of millionaires (98%) were self-made millionaires. Some would say, "Well, these are probably highly educated people!". Not necessarily, because very few of them scored 1400 or over on their SATs.This is a book with plenty of statistics, so after a while become tired of numbers. Still, it's an interesting material.
Rating: Summary: Only Useful If You've Read "The Millionaire Next Door" Review: I enjoyed "The Millionaire Mind," as it expanded on the principals and ideas of "The Millionaire Next Door." Unfortunately, this book offered very little in the way of new insight, and makes a poor substitute If you had to choose between reading only one of the two.
Rating: Summary: First, be male. Second, marry a stay-at-home housewife. Review: Those two top "secrets" of Stanley's millionaires automatically shut out half the population from attaining his financial goals (in fact, Stanley all but blames working wives for their family's lack of millionaire status). In Stanley's world there are no glass ceilings, no boardroom shut-outs of female executives, no bank-loan gender/race discrimination, and no double standards (the same aggressive, go-getter qualities that would get a man promoted and labeled Salesman of the Year could easily get a salesWOman reprimanded and labeled Unfeminine Troublemaker). In MILLIONAIRE NEXT DOOR (MND), when faced with the overwhelming evidence that women professionals earn half of male professionals' salaries, Stanley chooses to put the blame on the woman's parents for bailing her out of financial problems rather than on institutionalized sexism in the business and financial world. Stanley also neglects to mention the studies that show that male high-school dropouts with mediocre grades (his pet demographic for self-made millionaires) make better money right off the bat than female college graduates with honors degrees. He praises the frugality of teachers and professors (MND), but neglects to mention the terrible salaries paid to those professionals which necessitate their frugality; Stanley prefers to attribute their frugality to their "morality" rather than call attention to our society's contempt for the life of the mind (personified in Stanley's own visible anti-intellectualism in the MM chapter "School Days"). It's too bad that female enterpreneurs can't simply marry a Stanley "wife" too -- a stay-at-home unpaid financial assistant, childcare provider, and housekeeper whose job is to make sure The Spouse never has to deal with domestic turmoil while acquiring wealth.
Rating: Summary: Interesting statistics. Review: The author reminds us that these millionaires are frugal, persistent and well educated, although they don't always score high on their SAT tests. They are not workaholics, but finishers: they always complete their tasks or projects. They exercise frequently and are disciplined. Although not earthshaking, these data confirm what we have already suspected a long time ago, but never put them to work in our lives. This may explain why we are not millionaires. The question which was not addressed in this book is why we should strive to be a millionaire? What does a million represent to us: is it a badge of honor, a symbol of status, or a safety net? Many would argue that they would be happy if they are worth a quarter or half a million of dollars. No matter what, the above statistics point to a set of values and ethics we should follow, even if we don't aspire to be a millionaire.
Rating: Summary: Be "Mindful" Review: I really liked 'The Millionaire Next Door," but I think that Thomas Stanley's follow up falls just a bit short. For a lot of the book, Stanley seems to be reiterating what he said in the first book. When he finally gets to the point, he seems to be stretching his data. I don't think that wife selection, religion, or clothing style have a whole lot to do with being a millionaire. This book is heavy on statistics and case studies, but it comes out light on content. I think that you can get away with reading "The Millionaire Next Door" and learn everything you need to know without reading this book.
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