Rating: Summary: Let the truth be heard! Review: Finally....the book that answered my questions about how average Joe's (or Jane's) accumulate wealth in their lifetimes.After reading, I sold my $300.00 a month Nissan Altima for a '89 Buick (paid in full) and also reduced my insuance costs. I still find it tough to be a "tightwad" like some of those people in the book but I'm learning. I work with a guy who actually fits the "model" of many people in that book. He owns 25 rental properties, gets excited about 49 cent Big Macs, drives a regular van, wears junky clothes, house paid for, uses cash for everything....you would never guess his net woth is around a mill...amazing to me. I recommend the book highly. I'm waiting for the cassette tape to come out.
Rating: Summary: The Millionaire Next Door is a road map to wealth. Review: The Millionaire Next Door is the best tool for becoming wealthy and wise I've read. The use of years of research from interviewing people who have learned that they are in control of their incomes not the reverse. I qoute this book every day of my life and found the lessons displayed in this book to extend to all walks of life. I can say without a doubt that this book has increased my personal wealth as well as my happiness.
Rating: Summary: A FANTASTIC BOOK! Review: I look at this book as a modern version of the timeless classic "The Richest Man in Bablyon" Frugality and Delayed Gratification are difficult disciplines which is probably why so few people, irregardless of their incomes, have any real wealth! For anyone interested in actual action techniques, I highly recommend 'Wealth without Risk" and "Financial Self Defense" by Charles Givens. also "7 Strategies for Wealth and Happiness" by E. James Rohn.
Rating: Summary: Sage advice for the young that some parents fail to teach Review: After reading the book, I became a lot more enlightened about the difference between having a high income versus a high level of wealth. I am a 1.5 generation Korean-American and my smalll business owning parents were PAWs who wanted they children to have a UAW lifestyle like some of their customers. Plus, having recently graduating from top five MBA school, I wanted the "good life" and believed that owning a luxury German import was an important visible symbol. However, after reading the book, I started listening to that nagging feeling and came to the quick realization that I wanted a lifestyle that I can control and not a lifestyle where I'm being controlled. So I reallocated my "car" money into some nice investments instead and will probably end up with a used SUV. Great read especially for somone like myself who is just starting to become a productive member of society and wants to retire early.
Rating: Summary: Some fine nuggets, but spread too thin. B- Review: I really liked a lot of the stats, and I found that I was glad I bought the book. But I skipped the chapters (whole CHAPTERS) about how much the people had spent on watches, and suits. That's taking a good point and stretching it a bit far. Overall, It was worth the money, but chapter 1 (which you can read online) contains a big percentage of the overall data in the book, unless you really care about how much people spent on cars, clothing, and watches.
Rating: Summary: Good story, but too many charts Review: I liked the book, but I admit to skimming quite a bit of it. Being frugal myself it was easy to identify with some of the interviewees ( is that really a word?). I doubt if anyone reading this book would change their lifestyle or spending habits because of it. Let's face it, you either spend it all or you don't. I don't agree with some of the other people who reviewed this book. You can be frugal and still enjoy life. Being frugal is VERY different from being miserly. I think the examples of buying a used car a few years old rather than a new model is a great way to save money. My final recommendation would also be obvious... get it at the library to save the money:)
Rating: Summary: A "Bible" for savvy people Review: This is the book that started all that flow of money saving manuals. I enjoy reading books that open eyes on the better ways of living your life without spending every single nickel and running up credit card balances. This book shows all the statistics that can help one to analize the patterns and trends of the real rich of America. Millionaires who never made more than $20,000 a year - I think that is amazing. Do you want to start a new more meaningful life - this is a good book to read.
Rating: Summary: Excellent! I read this book and implemented the ideas! Review: As a business consultant, I read all the latest books on financial related topics. I must admit "The Millionaire Next Door" is by far one of my favorite books. It is now a part of my business library. It is well written, easy to understand, and so easy to implement into your daily life. I would highly recommend this book for anyone's library, especially college students, and young newly married couples. It's a great guide for beginning a very prosperous life.
Rating: Summary: Invest wisely and enjoy life too! Review: I am sick of seeing people downrate this book because they think people cannot save money and enjoy life at the same time. If people require excessive spending to make life enjoyable and meaningful that tells something very sad about our society. This book tells how you can become wealthy by living below your means, not by living like a pauper. That means a 2 year old Accord instead of a new Mercedes, not driving in some old wreck. Or not buying a $450,000 house just because you qualify for the loan. Spending more doesn't necessarily make you happier, just poorer.
Rating: Summary: Excellent-Even Helps With Parenting Review: This is an excellent book. It points out many things that need to be said, especially in light of today's instant gratification society. It pointed out some things about teaching the value of a dollar that I as a parent need to know and implement. As the evidence of our society is showing, we're not doing our children any favors by giving them every material posession. It even brought light to some shortcomings in my own personality about how I thought about money. Even though I've held a job since I was 16, & that was in 1978, I didn't appreciate the value of a dollar. I liked what was said about parents leaving money to the children who needed it least. In your will, don't leave your money to the child who is not responsible. Leave it to the dilligent one. Also, it points out the moral imperative that we parents have to rear independent, dilligent children. I recommend this to new college grads along with "The Wealthy Barber" and to parents of young children along w/ Dr. James Dobson's "Dare to Discipline".
|