Helpful Score: 8
This book was a real wake-up call! This is how our parents lived and how my generation lived when we were younger. It also reminds us that "you can't always tell who has money and who doesn't". Lots of research to back up conclusions - tedious in parts but very valuable for anyone struggling to manage their finances in modern society.
William S. reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on + 11 more book reviews
Helpful Score: 4
Book that was absolutely eye opening to me and my finances. Realized the only, and I will say again, the only way to get ahead in the financial world is to budget and invest. Great book, I have been recommending to my family and friends.
Lyn H. (Hewette) reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on + 67 more book reviews
Helpful Score: 2
Very pertinent information for those seeking financial security and struggling to find it.
Helpful Score: 2
The Millionaire Next Door, is surprisingly inspiring. It is a great read for a 20 something who wants to get ahead of the curve in quest to become a millionaire. The research that Stanley and Danko conducted and explained is easy to understand and relatable to real life. The book makes it seem possible to live a financially secure life. One last thing to point out is that it is an easy read and profiles what real millionaires act like...and they don't usually have expensive clothes and exclusive cars.
Beth H. (suburbanalien) reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on + 63 more book reviews
Helpful Score: 2
When you search out books containing financial advice, you'll almost always sort them by publication date, because timeliness is important. This book was written in the mid-90's, which was a vastly different financial landscape than now. However, about 70% of the book discusses long-term themes and results of interviews and studies that is not affected by the ups and downs of any particular monetary climate. The other 30% of the advice given you will probably glance over and discard (heavy emphasis on the stock market and other types of investments, and we all know what happened in the late 90's / early 2000's in that world). I can't believe I never read this book before, as many times in the past 10 years or so I've heard it quoted and heard people mention things that were in it. I finally got around to reading it, and I'm glad I did. Even disregarding the out-of-date part, which really does not affect the main themes of the book, it was an interesting read. I have also noticed that financial books mostly center around a particular person or group's "plan", and this one was different, as it was an assemblage of plans by people who had already reached their financial goals, not a road map to how "you can be rich too!" like a lot of the others. It's more of a study and conclusion style book than most other financial advice books. With that in mind, I almost don't classify it as financial advice (although 70% of the book is worth taking to heart!), more of an academic case study using a hundred or so cases to make their point. Parts of it are so academic and dry you won't know what to do with the information - such as the involved charts explaining the ethnic background of millionaires they interviewed, how many millionaires per thousand their country has, home values by state, and some other charts that didn't seem to really help me any (I'm Irish and in South Carolina, and I found out that anecdotally anyway, there's not much hope for me ... but really, does that matter?) but again, that's more of a study than a guide. I do recommend it. By far the most interesting was the parts about family relationships and the success of your children, the things millionaires do that consistently bring about success for their children, and also the many ways children of wealthy people fail. Uncomfortably, I could put names of people I know in many of those spots (failure mostly). You will recognize patterns and learn how to avoid the pitfalls. Even though the book is 15 years old, I recommend it.
Tasneem M. (apennysaved) reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on + 3 more book reviews
Helpful Score: 1
The authors take a scientific approach to analyzing millionaires in this country: who they are, their lifestyles, their values, what they spend their money on, and the types of occupations, work they do. The main difference between this book and many others on the topic is that the authors look at net worth as total cash assets available and do not include non-liquid assets such as homes and personal property. Another important distinction between this book and others is that the authors attempt to really analyze why people in the same income groups have substantially different net worth. I think this is a great addition to books on finance because the authors' conclusions about who is a millionaire and why can be replicated by almost anyone, even those with modest incomes.
This book doesn't work so well for single-income households, but most of the principles still apply.
This book doesn't work so well for single-income households, but most of the principles still apply.
Jose R. (ReyesFamily) reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on
Helpful Score: 1
An excellent read for anyone who is serious about handling their finances better. An eye opening look at how most "rich" neighborhoods are full of "posers", and the true wealth is often hiding in middle income neighborhoods. It's those who live simply, who often become wealthy.
Cindy C. (gibsongirl) reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on + 18 more book reviews
Helpful Score: 1
helpful (if sometimes obvious in hindsight) advice; clearly written
Robin C. reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on + 15 more book reviews
Excellent book on raising children with regards to money and understanding how the affluent might just be your next door neighbor.
Rebecca R. reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on + 3 more book reviews
Full of useful information.
Laren E. (frozenroadrunner) reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on + 6 more book reviews
This has a lot of great statistical information in it. Yes, you may change your life after reading this book. Good luck!
Karen T. (Princessclutter) reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on + 20 more book reviews
This is a great book! I learned a lot about how to create wealth from reading it and how not to assume what others have financially!
Michelle M. (Boris) reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on + 67 more book reviews
Very interesting read!
Jari W. (Jari) -
Want to be rich? Work hard and invest it wisely. Do Not spend it. Spend when need be, which is seldom. Pinch those pennies and buy items that will last a looong time, instead of shiny new junk. If you don't believe me, read the book! Examples of both sides are given: Those who spend and don't save and those who save and don't spend. Guess which ones are the millionaires!
Jennifer S. reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on + 7 more book reviews
Really opened my eyes to how true millionaires, not heiresses that the media portrays, live. Changed many preconceived notions I had. Lots of statistics but if you can get past the numbers you'll find great info. Loved it.
E Maria B. (embibbs) reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on + 3 more book reviews
Loved it! Very insightful. Materialism is not the way to riches!
Gary S. (Willman) - , reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on + 61 more book reviews
An eyeopening look at millionaires and how they got to be one, not what you would expect.
Aaron B. (chachito) reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on
Suprisingly interesting book detailing the buying and saving habits of America's truly wealthy. Who they are will suprise you!
Mary F. reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on + 74 more book reviews
Great Read!
Jan R. (Jany) reviewed The Millionaire Next Door: The Surprising Secrets of America's Wealthy on + 44 more book reviews
It was ok..Of course, I dont have the drive thats needed to make a successful go at it.
