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"Forbes" The implication of "The Millionaire Next Door"...is that nearly anybody with a steady job can amass a tidy fortune.
Product Description
The incredible national bestseller that is changing people's lives-- and increasing their net worth!
CAN YOU SPOT THE MILLIONAIRE NEXT DOOR?
Who are the rich in this country? What do they do? Where do they shop? What do they drive? How do they invest? Where did their ancestors come from? How did they get rich? Can I ever become one of them?
Get the answers in "The Millionaire Next Door", the never-before-told story about wealth in America. You'll be surprised at what you find out...
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First Sentence
The person who said this was a vice president of a trust department. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt
The person who said this was a vice president of a trust department. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt
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Customer Reviews
Most Helpful Customer Reviews
54 of 54 people found the following review helpful
Format:Paperback
This book exposes the truth behind the great wealth generators of America. Its message however has universal application. Contrary to expectation, real accumulators of wealth don't do any of the things that popular perception would have us believe. They don't have expensive tastes, live in plush houses, drive executive cars or wear the trappings of success. Instead, they budget very carefully and live well within their means, setting aside a sizeable proportion of their income for investment. This book explodes the myth of high earners necessarily becoming rich and supports its assertions with a wealth of detailed statistics. Most millionaires are apparently frugal, well-disciplined in handling their finances and frankly, downright dull! Not the sort of people that warrant a second glance.
Easy to read and enlightening, it may not be too late to change your behaviour and to embark on becoming a Prodigious Accumulator of Wealth (PAW)
Easy to read and enlightening, it may not be too late to change your behaviour and to embark on becoming a Prodigious Accumulator of Wealth (PAW)
23 of 23 people found the following review helpful
Format:Paperback
Someone once said, "I made myself wealthy by reducing my wants." That's what this book says. Sure, the content is padded quite a bit, but the message is worth what the book costs, whether you are an shining example of this philosophy or an opponent of it: you can spend or you can have, but most of us can't do both.
I agree with other reviewers' comments that the authors found most wealth was accumulated through operating small and boring businesses in your own neighborhood, yet don't recommend this to their readers (nor do those self-made millionaires, in most cases.) And their research methodology is a bit suspect, since it seems to have presupposed that source of wealth in finding interviewees. Still, I agree with the formulas that describe whether you're building an expected amount of wealth based on your age and income.
Bill Cosby, no financial slouch himself, said "The secret of wealth is ownership." This book gives you plenty of examples to help you believe that. It's not what you spend, but what you save, that gives you real independence. It's encouraging to read (maybe in a masochistic sort of way) that lots of high-earners (doctors and athletes, for instance) blow those high earnings and have little to show for it, living (large) paycheck to paycheck. Others, far less educated and with smaller paychecks, quietly avoid wealth-losing expenses such as flashy cars, big houses, and fancy clothes, to succeed in the only true measure of personal wealth: a high net worth. It isn't what you earn, it's what you keep.
I read the book straight through, hooked on almost every word. Where else can you get inside information on people's personal finances and the decisions that led them to their particular state? Maybe the research wouldn't pass close academic muster, but the individual vignettes are fascinating anyway.
So, negatives aside, I think this book is a must-read. You may fault some aspects of it, but the message is one that everyone should consider, even if you find reasons to ignore its conclusions. And if you're a tightwad, you will rejoice in finding vindication of your choices. But then again, if you're that tight, you'll probably read it from the library anyway!
25 of 26 people found the following review helpful
Format:Paperback
How do you rate a book? One way is by the impact it has on your life. TMND gets my highest rating, because it is the kind of book that will change your whole way of life (unless you're on the author's track already).
After reading this book, I began dramatically increasing my rate of savings and reducing unnecessary expenses. I will have 5 times the savings at the end of this year that I was on track to have before reading TMND. FIVE TIMES! That's like being paid for four extra years' work in a single year!
I now look at the whole concept of buying things differently; instead of thinking that accumulating possessions is a sign of success, I now realize it's only a hindrance to the accumulation of true wealth and financial security. I am on track to buy a house (no mortgage, I mean BUY) in five years, and still have investments left over.
This book will inspire you to set ambitious financial goals, and then take the steps to reach them. Truly inspirational, it may be the best single investment you can make.
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Most Recent Customer Reviews
Two key takeaways and strong supporting data
Ever since classic movie/musical High Society first posed the question: "Who wants to be a millionaire", many have have contradicted the words Cole Porter wrote next to say: "I... Read more
Published 11 months ago by adrianhiggins
I'd rather not live next door to these people!
After reading this book I would rather not be "The Millionaire Next Door" I think I would prefer living a few streets away because the characters portayed are miserable with no... Read more
Published 13 months ago by S. THOMSON
What Millionaires Do Differently
This was a fascinating book to read. Plenty of thought-provoking material. Most of all, it's changed the way I think about riches, and what they're really about. Read more
Published 14 months ago by J. Carter
very helpful tips.
This book is much about frugality; living below your means. I was brought up living well below my means and although I hardly had enough growing up, I was never broke. Read more
Published 14 months ago by chyke
Food for thought? ... rather a sumptuous FEAST for thought!
An outstanding piece of research well presented and easily digestible. A must read for anyone who is serious about wealth generation. Read more
Published 19 months ago by Andrew W
A Valuable life lesson
I've yet to read this book, but felt that it seems quite fitting to talk about the life lessons which are depicted in this book and making me come to realize what my elders have... Read more
Published on 27 Mar 2010 by Mr. O. Hassan
Never mind next door, this could be you
Firstly, when you read this book you have to get over the fact that it is talking about American investment opportunities and that sometimes the charts depicted can seem a bit... Read more
Published on 20 Mar 2010 by Stephen Green
A Brilliant Synopsis of What It Takes To Become Rich
This book, changed my conception of what it was to be wealthy. I always had thought that wealth was represented by Rolls Royce's, Patek Philippe watches, expensive houses etc etc... Read more
Published on 9 Mar 2010 by C. M. Cotton
the millionaire next door
jolly good read...plenty of common sense advice from self made millionaires who have kept their feet on the ground and understand the value of money and respect it. Read more
Published on 19 Jan 2010 by D. L. Reedman
Phenomenal piece of work
This book sold so many copies because it is just a phenomenal piece of work. When people think of wealthy individuals, they might visualize Donald Trump, who lives a luxurious... Read more
Published on 15 Nov 2009 by Mariusz Skonieczny
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