Rating: Summary: One of the best books I've read.....in a day-to-day calendar Review: The Millionaire Mind is one of the best books I've ever read. Stanley has researched, not just millionaires, but SELF-MADE millionaires - there is a huge difference - for 20 years, and compiled a wealth of information into his book. This includes surveys of more than 11,000 respondents, and interviews with more than 500 millionaires.The day-to-day thinking of these millionaires, from their performance in school, to their choice of vocation, choice of spouse - even choice of home, clothing, and furniture - proves invaluable for anyone wishing to invest in their lives and produce a level of growth and long-term reward subsantial enough to one day become wealthy. Now, this incredible information is available through the simplicity of a day-to-day desktop calender - which highlights the most important points of the book - and continues to motivate the reader to adhere to what has been proven to be an effective means to "millionaire" status. I would highly recomment both the book and the calendar. Either of them could change you life.
Rating: Summary: A great book Review: I bought Millionaire Mind and The Millionaire Next Door. Both are excellent books. My goal is to be a milionaire so the titles intriqued me.The philosphy is right on. Frugality is the keyword. I invest in the stock market, mutuals and real estate and have my own small business.But I still enjoy a nice lifestyle.Other people I know spend everything they make and have only a little put away in CD's or savings. Not a good plan.My other favorite books are The Magic of Thinking Big and Direct from Dell.These two books will get your mindset in gear. Direct from Dell lets you peek into the mind of a billionaire.
Rating: Summary: Good Continuation of The Millionaire Next Door Review: Would have given the book 5 star rating but Tom Stanley will never win an award for great writing abilities. The book could have been a lot easier and quicker to read if Stanley did not repeat things as often as he does. Technical content is great with studies explaining why SATs and college grade point averages do not accurately predict your net worth later in life. Over-all a good read.
Rating: Summary: Another winner from Thomas Stanley! Review: Dr. Stanley has hit the nail on the head again. Millionaire Mind gives real-life insight into the accumulation of wealth. Granted, this book may be too much for some muddle headed liberals, but most normal people will appreciate the advice. No, becoming a millionaire isn't easy. But if you are serious about making something out of yourself, this book will only help. Further, if you are in sales, you may want to check out "Marketing to the Affluent" and "Selling to the Affluent" by the same author.
Rating: Summary: A good read Review: Come on, folks. Cut Dr. Stanley a break, OK? I read The Millionaire Mind and found it inspirational. Frankly, I could care less about the author's research methods, which so many of the reviewers seem to be quibbling over. All I know is that I wished I read such a book 20 years ago. And are people so jaded they believe that honesty, a trait possessed by the millionaires interviewed, cannot co-exist with conducting business?
Rating: Summary: Try something else Review: If you feel driven to become a millionaire, perhaps because someone once cast doubt on your potential, treat yourself to some therapeutic insights by reading "Wealth Addiction", by Philip Slater, rather than this kind of book.
Rating: Summary: SO Easy. So Good. Review: Who would have known it was so easy? All the answers are here in this book. It takes a clever mind but inside are all the answers to your financial problems. Buy this book today! And free yourself at last.
Rating: Summary: Good Read Review: This book had some very interesting information. I expected it to be more of the same info as in The Millionaire Next Door, however, this book covered a different set of millionaires - the decamillionaire! Some very interesting info on education and how we program our children for success or failure. Definitely worth reading.
Rating: Summary: Worthless motivational jargon Review: This book does not provide any new insight from "the millionare next door". The basis of this book is to have a success idea (the first book) and rewrite it again. Instead of providing facts, this time, one of the authors of the first book goes into a MOTIVATIONAL SPEECH that lasts a little bit to long. The basic idea of the book is that a frugal life would transform you into a millionare. BE CAREFUL with the advice. There are a lot of points that the author supports and may not be true. They take their finding that most millionares are entrepreneurs and use it to promote the idea that if you want to be a millionare, you should quit your job and start your own business. Nevermind the high failure rate of some businesses and the fact that the great majority of entrepreneurs in the U.S. are not millionares. Of course, the authors say that there are other ways to become a millionare, but entrepreneurship is the most important one. The goal of the person with a millionare mind would be to accumulate an enourmous amount of wealth by living in a small house, driving a beat up car, and never spending any money in stupid things like clothes or trips. Then, the goal would be attained by dying with a lot of money that would not be taxed by going to charity. If you get this book, take it with a grain of salt. Take the good things, like the idea of living a frugal life, and make it work for you. Everything else is worthless. Create your own life with your own goals and your own ideas of what is worth it to you. If cars or a nice house is worth it, go for it. ACCUMULATE WEALTH, yes, but also, ENJOY IT.
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.
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