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Summary: All arguments pro and con are valid
Review: All arguments both pro and con are valid. Yes this book does tell you about the lifestyles of those they studied. Yes, it is also presented in a statistical format (the authors are statisticians, not writers). Most of the millionaires interviewed had incomes around $100,000 per year. What I think the public wanted was a step by step book on how to get there earning $30,000 per year or less, like everyone else does. This book does not do it, all it does is give boring stats. To the authors, if you'd like to write a real hot selling book, then study the lifestyles of common people who got rich on a modest income, then have someone else write it for you.
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Summary: One of the most eye-opening books I've ever read
Review: This is an absolute must-read for anyone who has an interest in utilizing wealth for positive ends. It clearly demonstrates that really anyone who wants to be a millionaire can become one. And no, that doesn't mean you have to eat dog biscuits and live in a hovel with a dirt floor. All you have to to is understand the very common sense concepts of spending less than you take in. Some people seem to think this means you're just squeezing every dollar so you can pass it on to your children to blow. Those people have missed the boat. What it's all about is money is a resource that can be used to improve the lives of those around you--first, family members, and then the rest of society--through education, better housing, and, above all, just taking away living from paycheck to paycheck. Read it!
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Summary: Promotes living with little and dying with a lot
Review: This book is interesting in that it points out that most truly weathy people are those that saved their money. But to what purpose? They seem to promote saving money only to give it to follow on generations. What a waste of life! The best example of this was one millionaire they talked to who said that he wanted his children to "have a better life." Presumably they will if they do with his money what he did not do: spend it.
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Summary: A (Poorly Written) Guidebook for Misers
Review: This book, justifiably, sharply criticizes the ostentatious lifestyles of those who were formerly called "nouveau riche" and are now referred to as "The Me Generation." Making the rather obvious point that those who engage in conspicuous consumption will, by definition, fail to amass any amount of wealth, the authors propose instead a paradigm based on "frugality," i.e., cheapness. Their medicine is just as bad as the sickness it supposedly cures.The people they set up as models live well within their means, perhaps too much so. Life is a gift, meant to be enjoyed, and the person who saves every shekel is just as sick as the person who spends every one. Very little in this book is new, despite the fact that the authors seem to consider their "findings" revolutionary. In 1966 the Federal Reserve Board commissioned a study of who became wealthy in America. The finding was that people with their own businesses, on average, ended up three times as wealthy as those who pull W-2s. No surprise there--no guts, no glory. During the 1970s Dr, Srully Blotnick, a columnist for Forbes, conducted a study of 1000 people to find out which ones became more successful, which he summarized in a book entitled "Getting Rich Your Own Way." The conclusion? That the most successful people are those who do what they love and let the money follow. What is lacking in "The Millionaire Next Door" is any sense of moderation. True, these people will die with lots of money and personal security, but nothing else.
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Summary: A true masterpiece of sociology.
Review: Great,great,great. For a related work (but not as good as this), look at Andrew Hacker's 'Money'.
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Summary: PAW/UAW vs AAW
Review: While reading this book I was wondering why there was so little mention of Average Accumulators of Wealth(AAW). Only the extremes were emphasized. Like our society, are AAW's as numerous as the middle class? This book only tells us about PAW's and their friendless, miserly, unsociable, tunnel-visioned lives and their extravagant, wasteful, egomanic UAW counterparts! Surely there must be happy, reasonable, generous(to a fault), scrupulous, venturesome AAW's out there. For books like these, I imagine that we the AAW's, are too boring and are not good cannon fodder. Ironically, we are the ultimate supporters of any UAW's who end up on the dole or close to it, in their retirement years. After all, those PAW's won't help. They're too busy planning to stuff their cash in (good used)luggage to put on top of their hearse limos.
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Summary: well documented but covered only 4/5 aspects of millionaires
Review: if youre interested in finding out how millionaires buy cars, clothing, houses etc, then buy this book
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Summary: How to really become a millionaire
Review: I'm in my twenties (yes, 20's!), and I'm close to being millionaire. No, I didn't follow the book on how to save and manage my money. I have to thank my parents and myself for that. The reason I have enough wealth to show for is because of my expense control. Even with my great paying job and the ability to purchase German cars, a nice house, etc., I decide not to. Instead, I'm driving a 3 yr. old SUV, live in an apartment in lower class but safe neighborhood, etc. My total monthly expense equals to no more than $1000. I don't understand why anyone would spend more than they make. This logic is beyond comprehension. If you're going to blow off your $$$, you may as well blow it off the right way: charities, etc.
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Summary: I'm in the Money!!!!
Review: A must read for anyone who wants "Real" wealth. My life has changed somewhat dramatically after following some of the common sense advise. I went from -0- net worth to well on my way in just 6 months. Gave up the $1500 a month in car payments and started living the book. I now know that I will be retired by age 50. This is not a Magical book....Just some very good common sense ideas and facts. Read it ....live it!
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Summary: A Marketing Strategy Jewel for Consumer Behavior Students
Review: After catching a few minutes of the author's comments on Ophra, I bought the book. The next day, I introduced it's contents to my Consumer Behavior Marketing class in the private higher-education institution where I teach. The lifestyle analysis portrayed throughout the book is not found in publisher texts for Consumer Behavior. This book is a vital supplement to the family life cycle theory, socioeconomic segmentation data, and should be considered in addressing the core American values when contrasting them to other cultures. The overt disclosure of research techniques and methodologies enhance the credibility and usefulness of the research and writing.
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