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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: 4 stars
Summary: great book
Review: This book describes how real millionaires deal with their money. It doesn't tell you the steps, but tells you about their spending habits. I think this book is great, it helped me see how real money people deal with their money. Because of this book I was able to understand what true wealth means and what is true wealth. All this book does is helping you understand how wealthy become wealthy, and what it is.

Rating: 5 stars
Summary: A must!
Review: This book is a must for EVERYONE.
it is an eye opener on how the wealthy among us really think.
it breaks all the misconceptions about money & wealth.
before you buy any business book, get this one!

Rating: 5 stars
Summary: Incisive
Review: I recently started on a quest to educate myself financially. I started off with this book, and I'm glad I did. The material may be a little dry, but as an engineer, I have a great appreciation for cold, hard facts, and that's exactly what this book delivers.

Rating: 4 stars
Summary: Great info - Must have for financial independence...
Review: This information in this book is absolutely required reading for anyone who wants financial independence. I found the format slow and choppy at times. Nonetheless it is a very good use of time.

Rating: 2 stars
Summary: Very subjective and possibly inaccurate
Review: the authors' definition of "wealth" is very narrow and subjective. they advocate a certain lifestyle which may be suitable for some people and oppressive to others. curiously, the authors keep mentioning that millionaires drive american cars rather than "foreign luxury cars". of course, buying a $25K crown victoria may make better sense than a $60K mercedes benz or lexus, considering the precipitous depreciation of cars in general, but how does a $18K mercury sable compare to a $18K toyota camry? can a 10 year old sable make you rich faster than a more reliable 10-yr old camry? i don't think so. the book would be a decent guide on frugal living (hence wealth accumulation) if it didn't push xenophobic views such as this. another glaring omission from the book is discussion of immigrant minority groups who have realized the american dream. asian americans, for example, earn above average median income and many live frugal lifestyles conducive to wealth accumulation. it's hard to believe that the chinese, japanese, and east indians didn't even make the top 14 most wealthy ethnic groups. this casts doubt on the scientific validity of the authors' claims. of course, many minority immigrants drive imported cars; their inclusion would seriously skew the authors' insistence that american millionaires generally drive american cars.

Rating: 4 stars
Summary: Basically Sound Advice, But Badly Flawed In Some Areas
Review: The book here contains a lot of statistics, with endless quotes & tables about the buying habits of millionaires & non millionaires. It gets a bit much after a while & I started skipping this info.

Much more useful was the basic common sense approach. Spend less than you earn, don't buy something now with what you'll earn tomorrow, avoid conspicuous consumption & don't buy Mercedes/BMW etc etc. I agree with all that, how many times have I seen adverts on TV for "Ameridebt" offering to help people out of financial trouble followed by some guy in a Vehix.com ad on the phone trying to find an SUV & laboring the point he wants a "luxury model"! The Siren Song of US consumerism is relentlessly rammed down our throats.

I do take issue with the authors on their outlook. Far too often they press home how the self employed are the millionaires, while hardly exploring the risks. I know some who've loved what they've done, so according to this book the money should have followed, but they ended up losing everything, including their home, health & marriage.

The section on cars claims that millionaires buy them by the $/pound ratio! A table later goes to collate this info, but really it's silly. From this table the way SAAB could improve its rating & attractiveness to millionaires is simply to put a 500lb block of lead in the trunk! Yeah the $/weigh ratio would improve (more weight for the same money), but gas mileage would suffer etc etc. Stupid if you ask me.

Also the quote about taxes "the Liberal politicians & their friend the tax man" does a lot of damage to their credibility. Bush Jr has "given us back" lots of taxes but we'll pay for it in spades because it's all funded by a huge deficit which will rack up interest for decades to come which we will have to pay for long after Bush has left the Whitehouse. If private individuals did that they'd be derided for doing so by the authors of this book.

Basically sound advice, but badly flawed in places.

Rating: 5 stars
Summary: A must-read classic
Review: Whether you are trying to learn about American Millionaries or become one of them, this classic book by Dr. Stanley will show you who the real millionares are and why. Packed with lot of information, stories and advices, The Millonaire Next Door contains valuable information that will help you understand many things concerning not only money but also your own life.

Rating: 4 stars
Summary: the millioinaire next door
Review: This Book was amazing. Anyone aspiring to get to the top of the food chain needs to read this book. This book shows the importance of hard work and saving. After reading this book i have a totally different outlook on the world, the people i thought were filthy rich i look at now with doubt. This book should be read by every high school senior, it sends them on the way to a prosperous life.

Rating: 4 stars
Summary: Good stuff
Review: I found this a very interesting book..lots of neat information in it, and those of us who aspire to be millionaires could learn alot from it. Those of us just interested in knowing more about social life in the US could also learn from it.

Rating: 5 stars
Summary: A must read
Review: I buy this book for my friends to read and enjoy. This work is based on statistical analysis of data about the habits of people who have accumulated wealth through hard work and entreprenureship. The data have been filtered and very well presented. This NOT a cheesy "how to get rich" book. Highly recommend his other book "The millionaire's Mind"


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