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The Millionaire Next Door by [Stanley Ph.D., Thomas J.]
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The Millionaire Next Door Kindle Edition

3.9 out of 5 stars 369 customer reviews

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Length: 273 pages Word Wise: Enabled Enhanced Typesetting: Enabled
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Review

The implication of The Millionaire Next Door...is that nearly anybody with a steady job can amass a tidy fortune. Forbes The kind of information that could lift the economic prospects of individuals more than any government policy...The Millionaire Next Door has a theme that I think rings very true..."Hey, I can do it. You can do it too!" -- Rush Limbaugh [A] Remarkable book. The Washington Post A nerve has been hit...[For] people who want to become wealthy. USA Today A primer for amassing wealth through frugality. The Boston Globe An interesting sociological work. Business Week A fascinating examination of the affluent in American society. The Dispatch (Lexington, NC), (Nc) Dispatch These, for the wise, are tips for all of us...A very readable book. Cox News Service Debunks the image of the rich as high-living spendthrifts. U.S. News and World Report I love the book, The Millionaire Next Door. It talks about how it is a myth that most millionaires in America have inherited their money. The fact is, we have created such a great country over 250 years. We have actually found the way for poor people to go from nothing to huge wealth and to create a life-changing opportunity for their children and grandchildren. We celebrate it, write movies about it, and our libraries are full of books about it. There is nothing wrong with that. --Bernie Sanders Chicago Tribune

Review

The kind of information that could lift the economic prospects of individuals more than any government policy...The Millionaire Next Door has a theme that I think rings very true..."Hey, I can do it. You can do it too!"--Rush Limbaugh

Product details

  • Format: Kindle Edition
  • File Size: 2169 KB
  • Print Length: 273 pages
  • Page Numbers Source ISBN: 1589795474
  • Publisher: RosettaBooks (30 Nov. 2010)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B00CLT31D6
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Screen Reader: Supported
  • Enhanced Typesetting: Enabled
  • Average Customer Review: 3.9 out of 5 stars 369 customer reviews
  • Amazon Bestsellers Rank: #6,241 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Top Customer Reviews

Format: Kindle Edition Verified Purchase
Although this book was written in the 90's and some may feel that some of their findings are obsolete, there are still so many principles that can be applied in everyone's lives. Truly a great insight for those who want to accumulate wealth.
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By roy on 5 Oct. 2015
Format: Kindle Edition Verified Purchase
Was ok reading lots of case studies and facts to check out and some good room for thought areas, do all in all a good read
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Format: Paperback Verified Purchase
very happy
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Format: Paperback Verified Purchase
This book is 10 pages of info spread over 200 pages... I read it in 45 minutes. The message is: spend less than you earn! Since the author recommends that you should spend money wisely then I suggest that you follow his advice and save £11 by not buying this book.
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Format: Kindle Edition Verified Purchase
I have read several books related to personal finance like the rich dad poor dad and richest man in Babylon, but this book provide priceless material on how to manage your financial life based on modern lifestyle that we have.
I extracted 4 key information that need to be aware of:
1. High income doesn't mean High wealth;
2. Never buy a home that worth 2 times your yearly household income;
3. Your theoretical net wealth should be at least: Year income x age / 10, I know you will be surprised!
4. the key rule is "Offensive in Income and Defensive in Spend".
In addition, there's many important advise on how to educate kids on financial stuff...
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Format: Paperback
Having read the book about 10 years ago, I still remember sections of if quite vividly - and that, in my opinion, is the hallmark of a great book in and by itself. The book was eye-opening in many respects. The author had spent a great deal of time researching the millionaires of America and was thus able to give some excellent insights into who are the real millionaires. My take-away from the book was the fact that the truly rich are not the ones throwing around money and driving fancy cars. On the contrary, most of the time they are quite indistinguishable from your average neighbour. They drive an ordinary car, they live in an ordinary house and they have a mundane business. However these are key - they own their business and it is something decidedly unsexy like waste management or scrap metal. There are businesses where there is a lot of money to be made but that are not attractive to most people. The few who get into it, are not flashy by nature, don't mind getting their hands dirty - and can become very rich. I loved the book and if there is an updated version out there, I'll probably read it again some day.
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Format: Paperback
I just finished rereading MillionaireNext Door for the third time, it's a great book, must reading for everyone and anyone serious about their financial future. I have also read some of the reviews. It seems that some people have confused the term "frugality" with "cheap". But I'll bet all of those detractors of this book are also paycheck to paycheck and deep in hock. Yes they may show all of the trappings of wealth; high profile job, beautiful house, 2-3 cars, beautiful clothes and jewerly etc., etc.But what is their net worth???? A key phrase is that there is no level of income that you can't outspend. You may make a million dollars per yearand live a beautiful lifestyle, but if you're spending 125% of your income, guess what, you're still BROKE! Along with Millionaire next door, I also suggest, particularly to the naysayers, "You earned it, don't lose it" "More Wealth without Risk" and "Financial Self DeFense" Money is somewhat like health. Many people just don't understand it's valueuntill it's too late!
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Format: Paperback
Read past the first chapter of this book (which presents the extreme view), and read interpretively. The authors are not necessarily saying that you should amass a great fortune without enjoying yourself along the way. What they are saying is that if you ever want to live your current lifestyle independent of a paycheck (i.e. retire) then you need to build up a reserve of self-sustaining wealth. And if your are spending all that you're earning now on consumable items, then no matter how high your income is you will never be able to save enough to support that same level of expectation later. So you will always live paycheck-to-paycheck and you will experience a sharp decrease in living standard if you do retire. The point is that we need to plan our lifestyles/spending habits taking into account the present AND the future.
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