Rating: Summary: Good Book! Review: This book is certainly an interesting read. It is not a technical analysis nor is it some fancy mumbo jumbo you'd learn in some financial seminar. These are sound,time-proven principles that are based on COMMON SENSE. We are a nation that is drowning in consumer debt because of our constant overspending. The bottom line.........LIVING BELOW YOUR MEANS WILL INCREASE YOUR MEANS!
Rating: Summary: Interesting Read Review: This book is a fascinating read. Before you read this book (or maybe after) - you must ask yourself - why would I want to be a millionaire? I may have missed something - but the only reason the authors seem to stress was that you could survive x number of years without having to draw a paycheck. The higher the value of x - the better. While that maybe a goal for some people, it certainly is not my cup of tea. Also, this book is definitely an afterthought from some research study and hence is chock full of statistics. One of the statistics that the authors tend to dwell on (and on and on) is dollar amount per poundage of car weight. Bizzare. I am not sure what this means, but seems like an interesting byproduct of stastical analysis. So if I buy the heaviest car for the least price - I am ....? Also, as another reviewer correctly points out - it does focus on a specific group of individuals and hence does not address other groups who may aspire to be millionaires someday. But the book through many examples does illustrate the concept of thrift. I just hope everyone does not start practicing thrift - the golf and tennis clubs would go bankrupt and Marshalls and TJ Maxx would rule!!
Rating: Summary: Wanna get rich? Review: Then read this book. The most important lesson from this book is its dispelling the myth of what 'rich' looks like, and how the rich live. I loved the fact that the authors proved through numerous examples the simple mistakes we each make in allocating our resources, to spend rather than save, and the long-term impact those seemingly small and random decisions make in determining our wealth in the long run. No this book won't make you rich. In fact, its greatest truth is that there is no magic path....however, there are a number of things we can do each day, by living more consciously, that will greatly improve our financial security.
Rating: Summary: a valueable lesson read Review: I found the book most useful in awakening my own beliefs of money and why I didn't have much of it. Although some points made were sometimes redundant (i.e. such as the types of cars or credit cards millionaires own)....it was an interesting read.
Rating: Summary: Unexpectable findings Review: This book has an unexpectable findings on those that are rich, and by rich, I meant their net worth, and not their lifestyle. Thomas Stanley found that those millionairs are just like you and me, living frugally, save alot and only buy things they can afford. In contrast to those celebrities that live in big houses and drive flashy cars, the millioairs are those that live in ordinary neigbourhood and drive a second-hand car. By living frugally and invest for the long term, those people achieve a high net-worth, with plenty of money tucked aside. In contrast, many people that looks rich on the surface may be runing out of cash if the next paycheck does not arrive in time. A book worth reading.
Rating: Summary: Enjoyable, but belabors the obvious Review: I enjoyed reading this book but as a person with PAW instincts I found it very elementary and repetitous. Many of the anecdotes and "findings" confirm things that I either knew intuitively, or suspected from observing others. The case histories detailing typical UAW bad habits were very in-your-face, and after awhile I didn't even enjoy reading anymore about other peoples' stupid mistakes. Then again, given the way alot of Americans (mis)handle their money, perhaps the authors felt they could not repeat too many times the mantra "if you want to save money, spend LESS than you get". The most illuminating material for me was the chapters about adult UAW children of PAW's. Pretty depressing. I have seen incidences of their behavior (spend everything while waiting for your anticipated inheritance) but had no idea this sort of thing was so prevalent. So overall I found this a thought-provoking book, but am giving it 3 stars because it really talks (preaches) down to the audience.
Rating: Summary: Good, not great. Review: The title is the best part of book. Using lots of tables and statistics, the book describes a group of millionaires who do not act like millionaires. This makes it somewhat dry and dull, with many facts repeated in different parts of the book. The bent is towards extremely frugal individuals. I think it spends too much time on people that make $50,000 a year but cut every corner to accumulate wealth. I never find out why they stash away all their money, it never seems to be enjoyed? I question the logic of saving every penny until you die just to boast that your net worth is over a million dollars. I read Rich Dad, Poor Dad and found it much more compelling. It offers a practical approach to making money work for you.
Rating: Summary: An Eye Opener As To Where The Wealth Really Comes From ! Review: It was very interesting to learn that most of the wealthy actually worked for it or were smart enough to earn it on their own. We usually think that most of these folks received the big money on a silver platter. This 272 page books provides a real blueprint for financial success. It is even entertaining to read. The authors show you that anyone with a reasonable amount of smarts can gain their financial fortune if they play their cards right. Not only do they put the reader in the right frame of mind to get their fortune, but they pave the wave for doing so. It's loaded with useful, eye opening facts that everyone can use. Read it and share it with your youngsters. You'll all gain. A real winner!
Rating: Summary: Exploding myths about millionaires... Review: The Millionaire Next Door is an apt title for a book that is the culmination of a two decade study of millionaires. The authors are clearly the experts in their field, and they confirm that most millionaires are hard-working, thrifty folks who have a plan. The book also shows how one family can be close to retirement, while another with the same earnings can be less than a year from bankruptcy. I strongly recommend this book for anyone who wants to see firsthand how the rich become that way. Learn from those who did it, not from those who teach or write about it!
Rating: Summary: Millionaire Mind is better Review: I thought this would be a little more like "Millionaire Mind" and it is not nearly as good. It is very repititious about being frugal. Over all though, I would say it does have a good message about being frugal, even though it takes like 300 pages to say it.
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