This groundbreaking book dispels popular myths about the rich and shows how ordinary people can achieve wealth by adhering to simple financial principles. Using survey data from a large sample of millionaires, Thomas Stanley reveals who America’s wealthy really are-and how they got there. He also explains why most people don’t become millionaires and offers advice for building wealth no matter what your income level may be.
For who is this book for ?
This book is for anyone who wants to learn how the wealthy became wealthy and how they maintain their wealth. It offers sound financial advice that can be applied by people of all income levels.
Pros :
- The Millionaire Next Door is based on real data and not just hearsay.
- The book offers practical advice that anyone can use to build wealth.
- This book has been a bestselling financial classic for years, and it’s easy to see why.
Cons :
- It’s dense and can be dry at times.
- It may not be relevant to readers who don’t live in America.
- The advice is general, so you’ll need to do your own research if you want specific tips on how to become a millionaire yourself.
Learn more about the author
Thomas J. Stanley, Ph.D., is the author of a series of successful books on marketing and consumer behavior, including The Psychology of Selling and mass-market hits like Stop Acting Rich . He has also written extensively about wealth accumulation for publications such as Barron’s and the Wall Street Journal . Dr. Stanley holds an M.B.A from Harvard University and a Ph.D. in business administration from Georgia State University.
Reader Reviews
“FINALLY! A book that tells the truth about millionaires. The Millionaire Next Door is a wake-up call to anyone who wants to be wealthy. It’s not going to happen by accident – it takes hard work, planning and discipline. I loved it!”
“An excellent book on the common characteristics of America’s millionaires. The Millionaire Next Door will motivate you to take control of your financial future.”
“The Millionaire Next Door is one of the classic wealth books, and for good reason. It’s well written, logical, and full of interesting anecdotes and statistics. If you’re looking to get rich or just better understand how people become wealthy, this book is a must-read.”
“The Millionaire Next Door is one of the most famous books on wealth ever written. And for good reason too; it shares a number of counterintuitive insights into how millionaires actually behave with respect to money.”