The Millionaire Next Door
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I just got done listening to this audio book. Thomas Stanley is a very intelligent and down to earth author. The book is good for assuring its audience there are two types of people UAW and PAW (book will explain more). Basically what he's saying is There are spenders and savers, which are you and why aren't you a saver. The amount of household income you receive has nothing to do with your net worth. By the end of this book you will most likely be drawing up a financial plan like myself and want to find out where your money is going and what unnecessary purchases you are making on a weekly or monthly basis. I'd recommend this book to anyone!
I found this book revealing and fascinating. My background is working class and now I find that I have lived like the rich all my life. The trap of EOC is an interesting phenomena.
I found this book very interesting!!! Lots and lots and lots of facts...in some ways a bit much, but in others, an eye opener. It confirms it is all in how you spend your money, not the amount you make.
This was a good non-fiction book. My son had been after me to read it. It is interesting. And good information. It is something that more people should probably read.
This book was boring. While I want to understand the demographics of real millionaires and I appreciate the research and understanding the authors have brought forth, the book was boring to listen to while driving. I listened tot he first CD out of 5 and then browsed through the 2nd and then returned it without listening to the whole thing. I usually rent similar CDs on self-help motivational and money books.
Interesting book. It's more keyed to telling you if you already have a Millionaire's mindset than how to get a Millionaire's mindset.
This book was so outstanding that I listened to it twice! It is full of financial advice that everyone can use. This is probably the most comprehensive good financial advice I've ever received. If you would like to secure your financial future, this is a must read.
I found the information both interesting and informative. However, I do agree with some of the other reviews that after a while the information appeared redundant. What I basically got out of the book was the lavish lifestyles we enjoy in our culture hinders our ability to become millionaires, especially what we spend on automobiles. While I agree that the average American can definitely become wealthier by focusing more on investments that appreciate in value, we do enjoy a nice car, a toy if you will, for our hard work. One issue the book did not address, and that is how does one living below the poverty line to lower-middle class suppose to find the money to invest. There's only so far one can go to live below their means in order to invest. They are caught between a rock and a hard place.
I thought that several of the points in the book were redundant. While I appreciate examples to help make points, I thought that several of the examples seemed to be unreasonable in terms of the average person.
Interesting insight into America's attitudes and assumptions about the wealthy.
"Thomas J. Stanley, Ph.D., is an author, lecturer, and researcher who has studied the affluent since 1973. His work is frequently cited in the national media. He is the author of Marketing to the Affluent, a bestselling book selected as one of ten outstanding business books in America by the editors of Best of Business Quarterly. Dr. Stanley was formerly a professor of marketing at Georgia State University, where he was named Omicron Delta Kappa Outstanding Professor, and was on the faculty of the University at Albany, State University of New York. He lives in Atlanta."
"William D. Danko, Ph.D., is associate professor and chair of marketing at the University at Albany, State University of New York. His publications have appeared in the Journal of Consumer Research, Journal of Business Research, Journal of Advertising Research, and other leading journals. In 1973, Dr. Danko assisted Thomas J. Stanley with his first study of the affluent. Since then, he has collaborated with Dr. Stanley on numerous academic and consulting studies. Dr. Danko lives in upstate New York."