Rating: Summary: Boring... Review: If this book got summarized in a Newspaper article, it would have been acceptable.But it was a long boring book, that I could not finish..! In summary this books talks about certain Millionaires (who are a majority by the way) who made their furtune by being cheap!
Rating: Summary: I would give this book Zero stars if I could! Review: This book was terrible - a magazine article made into a book as another reviewer mentioned. Basically they tell you to live below your means, and to save every penny you can by purchasing used cars, houses in middle class neighborhoods, buying cheap clothing, etc. Beyond being frugal, they didn't tell you how these millionaires invested their money, or how they handled charitable contributions, or anything like that. They basically repeated over and over to be frugal, save money, teach your kids how to be frugal and save money, and that was it. Plus they threw in many hard to read charts....
Rating: Summary: Good advice, but won't make you rich. Review: If you're looking for a book that tells you how to get rich, look elsewhere. No book can tell you that. What this book does offer is some great advice and case studies of those who have made (and maintained) wealth. This is not a book for dreamers who enjoy get-rich-quick type fiction. It reminds us that wealth is made over lifetimes and sometimes generations, not over night. It reminds us that a penny saved is a penny earned and that living above our means is a short-lived lifestyle. It's hard work, common sense, and discipline that make wealth. The same virtues will help you keep it. What I especially liked about this book is it's dedication to families. Being a parent, I needed advice on how much is too much and what example should I set. This book offers advice on helping your children grow to be wealthy not simply be inheritance. It tells us that buying a house for our kids is a great way to help them. But, buying a house in an exclusive area will force them to "keep up with the Jones'" at an early age and rob them of the financial freedom the house was meant to provide. The book also gives us a peek into what it would be like to be wealthy. I always pictured myself retired ASAP. But it seems that once you have the money, you don't think of work as a negative thing. And millionaires are much more likely to drive Jeep Cherokee's than a Ferrari or Mercedes. Give this book a read. It will make you think in a different way. I found it really helped me set realistic goals that I have been achieving. I'm not a millionaire, but I will be someday. I won't owe it to this book, but I will have used it as a reference.
Rating: Summary: Adjust Your Attitude To Propel Savings and Investing Review: Stanley and Danko successfully set forth the case for a "frugal" (but not too frugal) lifestyle, and why "living below your means" will lead to long-term financial security. In successive chapters they detail, from the results of their own research, why increases in realized income should not be followed by equal increases in spending, the importance of spending time to plan one's financial future, the need to keep income taxes low when investing and to minimize the costs inherent in trading, the drag on financial plans by purchasing new cars too frequently, and why gifting to children is not always an "act of kindness". Throughout the text their examples and observations are unique, informative, and persuasive. In my practice I have many retiree clients who possess adult children (in their '20s, '30s and '40s) who live beyond, or at, their means. The parents, who often fit the profile of "The Millionaire Next Door", are frustrated with their child's inability to save and invest funds for the future. I often recommend this book - first for the parent to read, then for the parent to send to the child. In return I've received many expressions of gratitude for the simple recommendation of this book, and have actually seen many of those who were "under accumulators of wealth" transform themselves, over time, into persons likely to achieve and maintain financial security. I highly recommend this informative book as an "attitude adjustment" book. This book is about the "WHY", with a fundamental overview of the "HOW", and as such it is the first book a person who is not saving, or saving enough, should read. Other readings can then follow, such as Robert Ortalda Jr.'s books on how to actually plan and budget, and a host of books on sound, low-cost, low-tax investing methods (by John Bogle, Larry Swedroe, William Berstein, and Bruce Temkin, among others). Again, this book is an essential first reading, since the under-accumulator of wealth must first be convinced to change their attitude before they will begin to plan and implement that plan.
Rating: Summary: Preachy and wordy -- a waste of time Review: This book is wordy and poorly written. It's really a short magazine article padded to make a book. The authors are preachy, and they say the same things over and over and over. Then, in case you didn't get their point the first 3 times, they give you an example or two. And, if that isn't bad enough, they give the impression that they don't really like the people they interviewed. The entire book is mean-spirited. I learned very little from this book.
Rating: Summary: Lessons for life. Review: Were I to have one book to study when I was a freshman in high school, "The Millionaire Next Door" would be the one. It isn't future millionaires who would benefit most by studying this book. That 2% will get there. It is the other 98 percent of us who could benefit by it's content. Not everyone can become a millionair, however, if you practice what this book preaches, you won't see welfare checks arriving in the mail. The simplicity and common sense written on it's pages, make this book easy to read and understandable to even the most challenged. Through away that Economics 101 book. Read The Millionaire Next Door and you will be further ahead.
Rating: Summary: Eye-Opening Review: Very much an eye-opening experience of a read. The authors have really told a story about true wealth in America. It made me take a good, hard look at what I have accomplished and re-evaluate my future efforts. What's truly amazing is how the American middle-class is running themselves ragged trying to succeed, but only spinning in circles due to our materialistic society. I now look at those expensive homes on the golf course and wonder how many of those people really have financial freedom. I also wonder how many people have bought this book thinking it was a blueprint for how to make $1mm and then were surprised to find this book teach them a much more valuable lesson in life. I would reccommend this to anyone wanting more out of their life.
Rating: Summary: A Must- Present from parents to adult kids Review: I finished reading last night, learnt and enjoyed very much. I gave it to my son and asked him read carefully. Everything is so different from what we commonly presume.
Rating: Summary: A story of the REAL Millionaires in America Review: This is the ultimate textbook on getting rich slow but sure! The authors have spent many years doing research on millionaires throughout the country and in this book they present some very surprising results. Whatever you might think about the 'average' millionaire in the U.S. you are probably wrong. I certainly was. When the word millionaire comes to mind, most people see visions of suntanned people driving fast sprots cars, flying in their private jet to exotic locals... living in a enormous mansion with three pools and a garage for the dog... The hollywood version of wealth. Well, this book dispells all of those crazy ideas and replaces them with pure research and reality. Most millionaires in America achieved their extreme wealth by having their own businesses (plumber, scrap metal, auctioneer are a few very typical examples) and just living a basic, frugal life. Get rich slow...? but how can you argue with it when it works! If you want to throw the dice and try to get rich overnight, go ahead. but If you want a guide book on how to REALLY get rich this is the one to read. Even if you aren't in the pursuit of money, I recommend this book for all of the eye popping stories that will blow away many preconceived notions that you may have.
Rating: Summary: A blueprint for wealth: live within your means and invest Review: I'm not a fan of "self-help" books. But it seems at last there is a "get rich" book that has answers without the bells and whistles typically seen in this genre. And to its credit, the authors outright state that there is no such thing as "getting rich quickly." Rather they point to late-middle aged people who have made their wealth the old - fashioned way: through hard work, living below their means, saving, planning and wise investing -the sort of thing your parents told you years ago. Its a worthwhile read - especially in this age of easy finacing, superabundandt credit cards and a "buy now, pay later" mentality.
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