Pros: Some Interesting Facts are Presented Cons: No Financial Advice
Have you ever been curious about the lives of the wealthy? Do you wonder what they buy, how they live, and what their secret to success is? If so, then "The Millionaire Next Door" will give you the answers that you're looking for. This book was...
Pros: Packed with information. Cons: Packed with information. zzzzzzz
Choose wealth The Millionaire Next Door takes a studiously professorial look at American millionaires. Most of us equate millionaires with celebrities and lavish lifestyles while, in fact, most of them live in the same neighborhoods as ...
Pros: This does have many good tips for making the most of your money. Cons: Driving old cars isn't practical or safe for those need dependable transportation.
"The Millionaire Next Door" is an interesting look at the subject of how people become wealthy in America. The authors say that it is rarely from an inheritance, advanced degrees or even intelligence that builds a huge fortune. Instead wealth is...
Pros: good points, interesting examples, quick read Cons: too much repetition
Sometimes I think that the best way to “get rich quick” is to write a book about getting rich. Many people flock to these books to find out how they can improve their lifestyle without having to work hard. I have to admit that I do read some of these...
Pros: Fast read with lot of anecdotes Cons: Little practical advice besides the obvious
Be frugal! Save, don't spend! Live well below your means! There. I've just summarized the bulk of the "profound" advice in this book in a nutshell. The Millionaire Next Door is long on the demographics of who today's...
Pros: Gets you thinking about how to accumulate wealth. Cons: I'm not wealthy!
Ever been rich? Wish you were? Why? Does money buy happiness? I've been both dirt poor and "very comfortable," and I'll tell you that "very comfortable" beats dirt poor every time. At least being "very comfortable," you don't have the bill collector...
Pros: Excellent motivational book, real word stats, interesting stories and philosophies on money Cons: Not for those unwilling to take a hard look at how they live.
Background I have been an avid listener of Dave Ramsey since the summer of 2001. When I first started listening, I had recently graduated with a Master’s degree and gotten a killer job with a major aerospace company, and was “in the mood” to ...
Pros: Points Out the Difference Between the Appearance of Wealth and Actual Wealth Cons: Lots of Walmart Shopping Tips for Would-be Millionaires!
How can we get to be Daddy Warbucks?
Thomas J. Stanley and William D. Danko have one piece of advice: "Wage war against conspicuous consumption. Spend less than you earn; invest the rest."
Pros: Remidns us to be frugal & live within our means. Many other great pointers. Cons: Dangerously flawed advice about how to become really wealthy, sloppy reasearch & "Survivor Syndrome"
Like may who start out on the road of self help books this was the first one I read. It does, on the surface, seem sensible enough, but despite some good advice it is also deeply flawed. “The Millionaire Next Door” isn’t alone in this ...
Pros: Great examples and advice backed up by powerful statistics. Cons: None.
What does it take to become a Millionaire? The Millionaire Next Door gives some surprising facts as to what it really takes to be a millionaire. It seems that the common conception of America's rich is really a misconception. This book redefines what ...
Pros: Concise, simple format, jam packed with absolutely fascinating facts and figures, a life changer... Cons: Kind of dry on the literary scale, charts and graphs may bore some people
Many millionaires have a secret: you would never suspect they're rich. But there's more to it than that... This little secret is actually the primary reason they're so wealthy. No kidding. No, they're not hiding anything from you, nor do they desire to....
Pros: True. People who own fancy toys and cars are really not millionaires Cons: Too much statistics. Information is obsolete.
In Thomas Stanley's, The Millionaire Next Door, the author states that being frugal and working hard is a way to financial success. The author also states that a person driving a Mercedes is not really wealthy. Unfortunately, the author also states...
Pros: Solid research and information supporting some basic insights drawn from observing "real" Millionaires Cons: Strangely unsatisfying. Too long for the point being made. Not really an interesting tale.
[ general impression ]
My initial reaction after completing this book was, is that all? Don’t get me wrong, the basic concept of “savers” becoming the millionaires is well supported but it doesn’t provide any payoff in this book. Any of these...
Pros: This book has inspired me to make some major changes concerning money management. Cons: Very little investment or budgeting advice.
This book has given me a totally different viewpoint on money management. I have always been of limited means but tried to live above my means. So, now I am in horribly debt and full of worry. Many of the points in this book are very simplistic;...
Pros: Some ok ideas Cons: No substance, cheap ideas, no strategies
I bought this book thinking that it would provide me with some good ideas that I could pass onto clients (I am a financial advisor). Well, in the end I found the book to be a waste also. Essentially, the author wants use all to become penny pinching...
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