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The
Millionaire Next Door : The Surprising Secrets of America's Wealthy by Thomas J. Stanley, William D. Danko, Thomas J. Stanley Ph. D, William D. Danko Ph.D |
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Hardcover, 258 pages
Published by Longstreet Press
Publication date: October 1996
Dimensions (in inches): 0.91 x 9.26 x 6.27
ISBN: 1563523302
The Motley Fool, Jerry Thomas :
Suppose you had a chance to interview hundreds of people who had succeeded in building
wealth on a scale that placed them among the richest people in America. What if you could
get inside their heads, and find out what they think, how they behave, and what they feel
about money? Imagine how your chances for success would improve if you could adopt the
attitudes and mindsets of those who have proven their ability to achieve the kind of
financial security that escapes nearly all of us.
Authors Thomas J. Stanley and William D. Danko spent over a decade researching and studying America's wealthy--those who have amassed a net worth of $1 million or more--and encapsulated what they learned in their bestseller, The Millionaire Next Door. The results of their surveys are profound: the self-made millionaires they examined have values, lifestyles, and attitudes you might not have expected.
What makes a millionaire is not his Armani suit or his diamond pinky ring. In fact, most self-made millionaires know the value of a dollar and shun these superficial trappings. By modeling their behavior, you, too, can see a marked improvement in your ability to generate wealth.
From Independent Publisher :
A funny thing happened on the way to researching how people became wealthy: The authors
discovered that most of the wealthiest households were not located in the most upscale
neighborhoods. This discovery led to additional studies, and finally to this book. These
wealthy people don't dine out much, are likely to drive four-year-old Buicks, and own very
few Armani suits. Conversely many households in the posh areas have little real wealth.
Although these "high-livers" frequently enjoy elevated household incomes, they
tend to be avid consumers with minimal savings and investments. Stanley and Danko provide
a real eye-opener for those who formerly associated wealth with white pillars and luxury
sedans. The book contains myriad charts and statistics, mostly quite readable. It provides
highly useful insights for those interested in questions of financial substance over form.
Synopsis:
The Millionaire Next Door: The Surprising Truth about Wealth in America exposes for the
first time how ordinary Americans get and stay rich -- without inheritance, advanced
degrees, or lottery jackpots. Readers learn the seven common denominators that show up
again and again among people who have built their personal fortunes from scratch.
Midwest Book Review :
This expose of America's rich and how they achieved their wealth and status exposes the
myth of inherited wealth and instead reveals that hard work, living below one's means, and
diligent savings are more often the creators of true wealth. Big-spending tendencies and
high-profile images are often rejected for thrift and low profiles in this revealing and
important expose.
