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The Millionaire Next Door: The Surprising Secrets of America's Wealthy

The Millionaire Next Door: The Surprising Secrets of America's Wealthy

List Price: $15.00
Your Price: $10.20
Product Info Reviews

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Rating: 5 stars
Summary: the millionaire next door
Review: The 2 authors gives big spenders an honest look at their life and future.A definite classic.

Rating: 5 stars
Summary: Helpful!
Review: I found the book quite educational. I thought it was interesting that the book says college professors by far are the stingest people. The language might be a bit bland, but hey, the information's there.

Rating: 4 stars
Summary: A Good Lesson
Review: This book taught me many things. One statement that has stood out thorought this book is "Big hat No Cattle". It's ecthed in my mind and I've now realised that I rather have lots of cattle than a big hat. Get this book and read it. You won't regret it.

The only downside is that its rather longwinded. Some of the chapters are too long and seem too drag on. That's why I gave it a 4 instead of 5.

Rating: 5 stars
Summary: No Virginia, there is no Santa Claus
Review: DO NOT BUY THIS BOOK if you cherish the fantasy that"consume" (or "spend") and "accumulate" are synonyms. You will not like the book. You will be throwing your money away. And if this book is accurate, you do not have any money to spare.

BUY THIS BOOK if you habitually save more than 5% of your paycheck and need a pep-talk. This book will assure you that it is all worthwhile. You are not alone. Soldier on.

BUY FIVE COPIES OF THIS BOOK if you know five young people and wish that you had started saving earlier in life. In American culture, the message to consume is pervasive and this book provides a weighty counterargument

Obviously, I subscribe to the message in the book. For my part, I am extremely grateful to those who taught me the folk wisdom enshrined in The Millionaire Next Door. END

Rating: 2 stars
Summary: reads like a college paper - could have been much better
Review: I'm frankly suprised at the high rating that many people have given this book. The book over simplifies the whole issue of wealth building. No detailed investment strategies are given, nor are there any taxation reduction plans included. The book categorizes people into two polar opposite groups (UAW's and PAW's), and completly ignores the bigger middle ground population.

The whole point of this book can be summed up in the following statement -

"live far below your means and you will accumulate more wealth than you would if you live check to check".

Do you really need to read a book to tell you that leasing expensive cars is not a good investment?

Rating: 4 stars
Summary: Interesting but a tad monotonous
Review: I purchased this book nearly a year ago and thoroughly enjoyed it. The author did a good job of explaining the habits of the wealthy and how they came upon their fortunes. The statistics and case studies were excellent. However, the book seems to drag on a little. All in all, it's a good read if you have some extra time.

Rating: 5 stars
Summary: THIS BOOK CHANGE MY LIFE
Review: This book changed my life. After reading it in the evening, i couldn't sleep for 6 hours, and i decided to completely change the way i manage my money. Of course there are many obvious things in this book, but sometimes obvious things are the most forgotten ones. If you want to succeed economically, read this book !

Rating: 3 stars
Summary: Okay, not spectacular
Review: Although the book was somewhat interesting to read I did have several questions. First I was curious as to why there were no accounts listed for African or African-American households in the chart about the ethnic breakdown of millionaires. That in itself made me wonder exactly how thorough the research actually was for the book. They could not have interviewed a good number of millionaires if they did not include those of African descent. Second, although I understand that frugality is key I have to wonder if perhaps some of those millionaires have complexes about money. There is no excuse for pinching pennies when you can afford to live a little better. I am not saying that anyone should be spenthrift, but I don't see what is wrong with splurging once in a while. What exactly are they going to do with the money they have accumulated? Just sit on it. Yes knowing you ahve financial independence is great, but all your hard work will go to waste if you don't enjoy at least SOME of the money. Still, there were some very useful tips. However, I dare say that I refuse to be miserly just to attain a million dollars. I think my problem is that there does not seem to be a very good balance presented in the book.

Rating: 1 stars
Summary: A million ways to say the same thing
Review: The content of this book would fit on a single page. The authors (I can't believe it took 2 monkeys to churn out this garbage) simply chose to repeat that 1 page about 250 times. I gave up after they told me for the 100th time (page 100) that the key to becoming wealthy is living well below your means. The authors' examples refer to only 2 types of Americans: their typical PAW (Prodigious Accumulator of Wealth), who has ammassed a great deal of wealth by living in a tin shed, eating smack-ramen, and driving a 1982 Ford Escort, and the typical UAW (Under Accumulator of Wealth) who makes $100K/year, lives in a beach-front house, spends $100/day on fine dining, and leases a brand new Mercedes every year. How about some middle ground? Sure, both types exist, but apparently the authors' extensive research didn't gleen that fact that a vast majority of Americans are somewhere between these 2 types.

As far as solid financial reasoning and advice are concerned - forget it. This book has neither. And some of their formulas - the UAW/PAW indicator in particular - simply do not work for people in their 20's and early 30's. Of course they don't bother to tell the reader that, but then again, they probably don't realize that themselves.

Actually, I think the real key to becoming wealthy is writing a terrible book, and then suckering a million or so people into buying it. Sorry to say I was one of them. Hope I can save you from the same.

This book should come with a free hat, or at least a full refund if you can read the whole thing.

Rating: 1 stars
Summary: junk
Review: this book just tells you to live like a miser. money is made to be spent goofball.


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