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The Millionaire Next Door

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Title: The Millionaire Next Door
by Thomas J. Stanley, William D. Danko
ISBN: 0-671-01520-6
Publisher: Pocket Books
Pub. Date: 01 October, 1998
Format: Paperback
Volumes: 1
List Price(USD): $15.00
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Average Customer Rating: 3.87 (555 reviews)

Customer Reviews

Rating: 5
Summary: Excellent-this book is must reading for everyone!
Comment: Every now and thena very, very special book comes along with a "aha" and this is such a book. Many people are spending their way through high incomes---keeping up with the "JONE'S" high profile lifestyle's encumbered with high debt and zero savings. I worked for a millonaire one time who said"Money buys clothes, clothes don't buy anything!" He advised us to buy our "toys" clothes, cars, vacations etc. off profits of profits and never spend principal! This mans nt worth was well in excess of $350,000,000. I would also recommend three other books; "RICHEST MAN IN BABLYON" by George Clawson, "WEALTH WITHOUT RISK" and "FINANCIAL SELF-DEFENSE" by Charles Givens. Remember, it's not what you make, it's what's left over that counts. If you spend all of your money on your lifestyle, guess what? You'll always have to! Good reading, excellent book.

Rating: 4
Summary: There is no level of income you can't outspend.
Comment: 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!

Rating: 4
Summary: This is what millionaires do?
Comment: The book is great for people who wants to start over with their life and make sure that they have money for them and there children.

I feel that the book is basically showing people the step of life and how to manage your money.

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