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The Millionaire Next Door: The Surprising Secrets of America's Wealthy

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How can you join the ranks of America's wealthy (defined as people whose net worth is over one million dollars)? It's easy, say doctors Stanley and Danko, who have spent the last 20 years interviewing members of this elite club: you just have to follow seven simple rules. The first rule is, always live well below your means. The last rule is, choose your occupation wisely. You'll have to buy the book to find out the other five. It's only fair. The authors' conclusions are commonsensical. But, as they point out, their prescription often flies in the face of what we think wealthy people should do. There are no pop stars or athletes in this book, but plenty of wall-board manufacturers--particularly ones who take cheap, infrequent vacations! Stanley and Danko mercilessly show how wealth takes sacrifice, discipline, and hard work, qualities that are positively discouraged by our high-consumption society. "You aren't what you drive," admonish the authors. Somewhere, Benjamin Franklin is smiling.

A New York Times bestseller for eighty-nine weeks. Learn the seven common denominators that show up again and again among people who have built their personal fortunes from scratch--then put these lessons to work for you!

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Reviews

Love it (69%)  |  Hate it (17%)  |  On the Fence (14%)  |  Didn't Rate it (0%)
From: Amazon Posted: Jun 17, 2008 Type: User Review Overrated

While the book has some interesting insights into the wealthy, what is the point of amassing a fortune if you're living well below your means? If you're looking to make some money I recommend you read some books on investing. Phil Town's book...
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1.00 Star Rating
1.00/5
From: Amazon Posted: Jun 11, 2008 Type: User Review Great read!

Descriptions from interviews of millionaires were the most interesting aspects of this book. The authors occasionally cited actual paraphrases from some of these folks and those statements were often impactful.

At the end, it's all...
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4.00 Star Rating
4.00/5
From: Amazon Posted: May 28, 2008 Type: User Review Great book

I am a financial advisor and I frequently loan this book to clients and they usually love it. Its also a great book to give to young people. It really gets across the message that you don't have to make a lot of money to be wealthy, you just...
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5.00 Star Rating
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From: Amazon Posted: May 24, 2008 Type: User Review Common Sense for the financial disciplined

This book just gives stats behind what should be common sense. If you save your money and stay away from the flashy things in life of course you will be better off in the long run....financially. I think we should all remember the fine line...
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From: Amazon Posted: May 23, 2008 Type: User Review Teaching me More than I was Ever Taught about Money

I'm a single woman in my early 30s, my parents are middle-class and doing okay. The only thing i was taught as a kid was "save your money" or "dont spend it". that went in one ear and out the other. i never had it in my mind to rely on a man or...
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