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Summary: Avoid "Stalled Thinking" to becoming wealthy
Review: This book presents a wonderful description of today's American rich, not the "rich and famous" that we were brought up with in the movies. The ideas of live frugally, invest in assets that appreciate but do not earn income and do not give much to your children are the key lessons. I hope that in Stanley's and Danko's next book they suggest how one should get started. Many people I know spend and borrow to support their lifestyles. They are stuck in the "Tradition Stall" of living life on the treadmill. They also suffer from the "Disbelief Stall" that they could ever be rich. In a recent survey I conducted, 39% of the respondents said they work too long and hard because they need more money. I look forward to reading the real stories of how the wealthy became wealthy and hurdled over the stallls that hinder so many.
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Summary: A natural concept that everyone should definately adapt to.
Review: Great message. Good book.My philosophy isn't about becoming a millionaire though. It's about not getting myself into debt and piling on unnessesary bills. I try to stay away from financing. Even though lately they have lots of deals where you can "buy now pay later". Sound familiar? Or those irritating informercials targeting folks who have bad credit? Only to add to our problems by adding another enormous bill to the stack. Buy generic brands that are still good quality. The ingredients are the same. Check it out! Save your money for the things you want wheather it's living below or above your means. Treat yourself and Invest your money to have it work for you. Good luck.
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Summary: I heard the same message from my father - an accountant!
Review: This book reinforced what my father thought me when I was young. My father didn't have all the stastistics to back up what he was trying to tell me but this book filled that void out very well. I have discussed and recommended this book to my close friends who seem to be pretty interested about the subject. My goal is to give the book out to my daughters, nephews, and nieces who can benefit from it if they start saving early and live a frugal life. I am also glad that the book mentioned that money is not everything and is not the most important thing in this world. It is how we earn and use it for the sake of our loved ones and humanity. Well done to the authors!
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Summary: People don't want to admit this is NOT common sense!!
Review: The person saying this was all common sense must be a multi-millionaire or just stupid! The reason why this is NOT common sense is because everyone is a UAW (Under Accumulators of Wealth). They drive nice cars and shop at the nicest places they can afford and they think that makes them gain in on the millionairs! People in the US are just on the wrong track. Therefore this book has become a bestseller. This is a really good book! Buy it! Thanks, Danko and Stanley!
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Summary: Getting into the mind of the successful
Review: The book does get into the mind of the rich, buth they were too disparate or only just millionaires to be able to help much. I found the Mind of a Trader (1998), which interviews some of the world's most succesful and wealthy traders who went from zero to tens or even hundreds of millions mor helpful.
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Summary: Boring, boring, extremely boring
Review: Unbelievable! Don't waste your time reading this book. It's kicking in open doors, and expects you to be amazed to find out that millionaires do shop at Sears??! Can you believe that?! So please, don't waste your time, as I did unfortunately , on this book.
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Summary: An excellent, original book--NOT repetitious/obvious
Review: The negative reviews here strike me as unfair. First, the book is primarily descriptive (hence the title), not a compilation of how-to-live advice. The authors suceed in describing in great detail how the group of wealthy Americans they interviewed lived their lives and made financial decisions. Second, they do have opinions RE what they found, and these are not hard to discern. But they don't tell anyone not to enjoy life, or never to splurge. Third, they don't claim strict scientific rigor. Indeed, in the interests of full disclosure, they reveal their selection methodology in the back. Fourth, they are wise enough to recognize that many of their findings can be interpreted in different ways. When that is the case, they let the reader draw their own conclusions. Fifth, HOW ARE THEY REPETITIOUS? Obviously, there are a few unifying THEMES throughout the book: millionaires tend to live below their means, they focus on ownership not consumption, etc. But the book does not repeat the same data or findings. Sixth, there is no question that some of the themes covered here amount to financial "common sense." But the interest of the book lies in how, concretely, people live out these principles. No book I've ever seen comes close to doing this as well. As someone who is frequently consulted about financial matters, I have recommended this book to several friends, and all of them have felt it well worth their time. If you approach the book with an interest in personal finances and an open mind, I very much doubt that you will be dissapointed.
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Summary: Embarrassing to admit, but the book has changed me.
Review: I, like most people, always knew that I should try to save money. Except for my 401k, however, it just never happened. Even after I began tracking and closely monitoring my finances 2 years ago in Quicken, I still was blind to the lost potential of that 100 - 200 bucks or so that just got squandered every month. The book does an outstanding job of drilling home that fact that the potential for those dollars is huge. The book actually has inspired me to become more knowledgeable on many facets of investing. My wife is reading the book now and is very impressed. Thanks to the book, she and I can visualize a very bright future. That takes a lot of the pain out of being frugal.
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Summary: Great Plain English Investment book
Review: I read this book on a plane to Calf. and couldn't put it down. One of the best investment books that I have ever read. Liked the case study aspect and references to successful people and their experiences. Hopefully everyone will become a PAW after reading this.
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Summary: It gets the point across but is boring to read
Review: This book outlines how people can maintain a good life style and still build personal wealth. The subject matter is well worthy of being written. The problem with the book is that it contains so much of the same statistics over and over again that it eventually becomes very boring. The subject and the concept of the book is one that you either believe in or disagree with. You can generally read a review and know where that individual fits.
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