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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: Hope for the masses ?
Review: I got the perception that the work was very much playing on the hopes of the masses rather than providing true insight. It was almost saying ... 'its ok if your SATs scores are low because you too can be a millionaire...'. The constant reference to statistics also got a bit tedious. All in all, I was not impressed.

Rating: 5 stars
Summary: The Most Valuable Lesson
Review: I believe that, because the book is organized as a wordy research project, its most precious lesson is concealed...

1) Just about everyone will earn at least a couple million during their lives, but 99% of people will lose what they earned for marrying the wrong person (i.e., marrying a non-team player who works against them and not with them). -- and please don't call me a sexist; this concept applies to both genders.

2) I also applaud the book because it goes through great lengths, analytically and not just anectodally, to point out that those who marry for money will end up paying for every cent. -- again, please don't call me a sexist; this concept applies to both genders.

I'd be a million dollars ahead if I had read this book 15 years back. Furthermore, the advice in this book will not only save me at least a couple million dollars in the future, but also spare me lots of anxiety, aggravation, and heartache.

Rating: 4 stars
Summary: Not a blueprint, but close
Review: A fast read for anyone who is needing the extra push to start his own business. You're NOT going to be a millionaire working for someone else, so get out there and make it happen.

Rating: 2 stars
Summary: some useful info in an obnoxious package
Review: While there is interesting and possibly usable information in the book, Dr. Stanley comes across as a smug, tedious and obnoxious individual, I was very tired of spending time with him by the time I finished. There are a number of no-brainer insights presented as if they were the wisdom of the ages - decamillionaires are unlikely to play the lottery...hmmm. The spouse selection chapter reminds me of Gordon Liddy. It seemed there were twenty five mentions of the importance of clipping coupons before shopping for groceries - sorry, I just don't believe this is the key issue. And while Stanley has a point about interpersonal skills being as important as academic excellence, I am a little queasy about feeling sorry for the high school class president and football star afraid he won't measure up against the "class brains". I think you can get the maximum out of this book by skimming it in twenty minutes at a bookstore.

Rating: 4 stars
Summary: Thorough research with hard facts - I like it
Review: It's better than his first book - the millionaire next door. More real life interactions and stories on millionaires and multimillionaires. More interview results that touches family, home, spouse, lifestyle issues of these wealthy people - how these people live, what are important to them, why are they successful, etc. I first read this book from a friend and decided that I should get one for myself instead - I hope it will motivate me to become like one of the (multi)millionaires in the book! Of course, it's worth buying....

Rating: 4 stars
Summary: Good, but subjective
Review: Dr. Stanley does a very good job presenting his research on millionaires in a second book, after "The Millionaire Next Door".

This is less dry - probably will sell more.

But while his presentation will appeal to those who have these set of values, it will rub a whole lot of people the wrong way. If 37% of all millionaire are religious, then surely 63% are not religious! It is easier to write a story about a religious millionaire, and will probably sell more too.

I suspect that while Dr. Stanley's research is impeccable, in his presentation he has chosen to put is a good dose of old-fashioned values. I am all for good values, but it seems to me to be a strange mission - is he selling good values to those desperate to be rich, or is he telling the poor that they may yet become rich?

Finally, realize that all his research is based on self administered questionnaires, which were followed up by interviews. While the exact details are cloudy, I suspect that few people will present themselves as dishonest or lazy. Simply because the respondents are millionaires does not mean that there are no biases to their answers.

Still, read it. I like best the empirical relationship : net worth = 0.112 X age X annual income. If you meet this criterion by the time you are 50 or 60, you are rich as defined by Dr. Stanley.

Rating: 5 stars
Summary: A dream come true
Review: Stanley tells us what it takes to be of millionaire status(top 1%) at the same time clearing up all our misconceptions about what a millionaire should be. Few people know that the average millionaire had a 1180 sat score and a 2.92 gpa in undergrad. But what i believe is the most important lesson in this book is that the average millionaire is frugal, not a hyperconsumer that drives a benz....in fact many times the people with the expensive cars are living above their means, they are not millionaires! The frugal millionaire lives below his/her means and perhaps that is the key to their status and success. If anyone has read sucuessful intelligence.....u will also see that it had a big influence on this book. No offense, but if u didnt like this book, your probably not motivated enough to be a millionaire. For anyone who is passionate about it would eat this book up(i read it in one sitting). This books talks about the sacrafices and smarts it takes. If u dont like it, its probably because u dont want to believe its true. You want to believe millionaire are living it easy...have it good....no worries and shopping sprees?....yah rite! wake up!

Rating: 4 stars
Summary: Millionaire Mind - Actually better than the first book
Review: I actually liked this book better than the first which talked mainly about how these millionaires lived well below their means. He did touch upon that in this book, but he talk about other characteristics that were interesting. (...)

Rating: 3 stars
Summary: Like the other, but even more boring
Review: One of my complaints with both this book and its predecessor, The Millionaire Next Door, is that they are more a collection of statistics than well written, interesting books. It reads more like a Consumer's Reports graph than a book about the differences between Millionaires and the rest of us peasants.

My other complaint is purely due to personal philosophy. If you like other books like Your Money or Your Life and books on simplicity, you may have a problem with the philosophy and direction of this book. Example: The author directs one of his nonreligious clients to cross town to attend a church purely because there are lots of single doctors and lawyers who attend that church. The book is purely focused on the aim of getting money, snaring a spouse with money, and the like, but it doesn't approach questions of whether a doctor or lawyer would make a good spouse and a happy marriage, or questions of are these millionaires happy? Are their lives rich in ways beyond financial riches? That is also part of the "millionaire mind", and therefore should be evaluated and included in this book.

If you are interested in mostly dry statistics about the differences between millionares and the rest of society, then you may be happy with this book.

Rating: 3 stars
Summary: The Sequel Is Never As Good
Review: The Millionaire Mind is simply a new "chapter" from the Millionaire Next Door. I found this book to be and extension of it's predecesor with a lot of the same information. This book is a good read and a good motivator but if you've read The Millionaire Next Door that's all the motivation you need.


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