The Millionaire Next Door: The Surprising Secrets of America's Wealthy: Amazon.co.uk: Thomas J. Stanley: Books

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Product Description

Book 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.... --This text refers to the Paperback edition.

From the Author
Starting a second month as a New York Times Best-Seller!
We wish to thank all of our patrons for the success the book has achieved! As of 3/2/97, it will have been on the New York Times' Best-Sellers list for six consecutive weeks. Currently, it is also #6 on Business Week's Best-Sellers list. THE AMERICAN DREAM LIVES!!!

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First Sentence
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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money management

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Customer Reviews

281 Reviews

5 star:		(134)
4 star:		(48)
3 star:		(42)
2 star:		(26)
1 star:		(31)

Average Customer Review

3.8 out of 5 stars (281 customer reviews)

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40 of 40 people found the following review helpful:

4.0 out of 5 stars An intriguing insight into the reality of creating wealth, 16 Jan 2002

By	Richard S. Tadman (West Yorkshire, U.K.) - See all my reviews (REAL NAME)

This review is from: The Millionaire Next Door: the Surprising Secrets of America's Wealthy (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)

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11 of 11 people found the following review helpful:

4.0 out of 5 stars Makes you feel great if you spend and save carefully, 23 Jan 1999

By A Customer

This review is from: The Millionaire Next Door (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!

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10 of 10 people found the following review helpful:

5.0 out of 5 stars It will change your life, 26 Oct 1998

By A Customer

This review is from: The Millionaire Next Door (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

5.0 out of 5 stars Sooo Funny and Sooo True!!
This book is close to my heart, as it's the one book my husband Dave can relate to. It describes him, after all... Read more

Published 3 months ago by Angela Bryant, author of The C...

5.0 out of 5 stars So many ahaa moments
Fantastic read with an abundance of ahaa moments. Loved the description of offence and defence. I feel inspired.

Published 17 months ago by F. NIKKHAH

4.0 out of 5 stars Worth the Money
I wasn't sure whether I should buy this book. After all, if I kept my money I'd Get-Rich-Quicker! However,after buying it I did feel it was enlightening and worth the money. Read more

Published 23 months ago by Love Books

5.0 out of 5 stars Because "Common" Sense is Not So COMMON
MND is basically an encyclopedia of common sense but the reason it has become so popular and debated is because morons ARE common in this culture and common sense is not. Read more

Published on 19 Jul 2001

5.0 out of 5 stars How Explain the Economic Productivity of Russian Americans?
I never suppose that Russian Americans group ranks first in the highest concentration of millionaire households in the United States. Read more

Published on 21 Sep 2000

5.0 out of 5 stars EyeOpener
This Book makes perfect sense. It makes the reader understand a very important point; wealth = net worth, rather than income or social image. Read more

Published on 14 Jul 2000

4.0 out of 5 stars Good clear sensible and it works
For those who say its how to be cheap, what a load of rubbish. Tell me, if you earn �50,000 a year and live off just �40,000 is that being cheap? Read more

Published on 8 April 2000

5.0 out of 5 stars What did you all expect?
I just wanted to show my disgust at the majority of reviews I've read on this site about this book - this book is telling you the truth about income and expenditure.... Read more

Published on 31 Dec 1999

4.0 out of 5 stars Worth the money at this price
I agree with many of the previous reviewers that the advice offered in the book is similar to that proferred by Mr Micawber in Dickens's "David Copperfield" - i.e. Read more

Published on 18 Dec 1999

1.0 out of 5 stars Well of course! Now why didn't we all think of that?
Typical author quote on the tricky road to independent financial well-being: "How much will that $7,000 holiday be worth tomorrow? Read more

Published on 10 Dec 1999

› See all 281 customer reviews...

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	72% buy the item featured on this page: The Millionaire Next Door: The Surprising Secrets of America's Wealthy 3.8 out of 5 stars (281)
	15% buy The Richest Man in Babylon 4.8 out of 5 stars (108) �4.79
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	4% buy The Richest Man in Babylon: Now Revised and Updated for the 21st Century 4.8 out of 5 stars (6) �4.99


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

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