Customer Review

2 of 2 people found the following review helpful
5.0 out of 5 stars Simply the Best Financial Book Ever if you want a million!, 12 July 1999
By A Customer
This review is from: The Millionaire Next Door (Paperback)
I am a financial professional and after working all day in the field, I read financial books, magazines etc for fun. Like diet books, there are many degreed people who have written books with vastly different theories on how to get from 1 to a million. This is the first book that draws conclusions form an in-depth and scientifically conducted study. We all know how Michael Jordan and Bill Gates became wealthy but they do not represent how the vast majority of people with a net worth of over $1 million got their piece of the pie. These people are well described in the book and actually represented in my life by my parents and my husband's parents. In my teens and twenties I questioned their teachings dramatically since my peer group at work and socially was sending the message 'get the BMW now!' Fortunately , I had just enough presence of mind to remember that these people were not millionaires and although they might get there someday it wasn't easy to see how they would accomplish this. By following the path laid out by Stanley and Danko's real life millionaires, it seems very clear that even those of moderate income can get to a million dollar net worth. There are other paths - just ask Madonna but the probabilities of getting a millionaire using another method are very low like a lottery. There could be barriers beyond one's control such as serious health problems but barring these types of extremes, there are no excuses, only lack of planning and implementation. Incidentally, by following their methods - my husband and I crossed the million dollar mark this year (our ages 46 & 39) - next step early retirement!
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