The Millionaire Next Door

The Millionaire Next Door

The Surprising Secrets of America's Wealthy

Large Print - 1999
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Can you spot the millionaire next door? Here's the incredible national bestseller that leaks the surprising secrets of America's wealthy. Who are they? What do they do? Where do they shop? What do they drive? How did they get so rich? Can I become one of them? Get the answers in The Millionaire Next Door, the never-before-told-story about wealth in America. Follow this blueprint to wealth and learn the secrets of creating a fortune.
Publisher: Thorndike, Me. : G.K. Hall, 1999.
ISBN: 9780783804484
Branch Call Number: LP 332.092 Stan
Characteristics: 445 p. (large print) ; 24 cm.
Additional Contributors: Danko, William D.


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Oct 25, 2018

Even though the numbers are a little old(19080's and 90's old) the message about PAW's and UAW's, and the stories still ring very true. No matter how old(or young) someone is, this book still remains a must-read. I give this book a 10/10 and a "Read This Now!" rating.

Jun 22, 2018

This books provides valuable insight into the mindset of millionaires – there is a stark contrast with actual millionaires as opposed to broke people appearing to be rich. If you truly want to live a blessed and prosperous life, this book is a must read. This book can transition you from being a pretender to being an authentic person following the correct path to prosperity so that you can live and give like on one else!

Dec 31, 2017

A good read, but it would be more interesting if they did an updated version.

Apr 21, 2017

This book was different from a lot of money management books because it talked about living within your means more than investing. If you are looking for a book on investment strategy, skip this. If you are looking for something that will help you make wiser decisions with the money you already have, this is a good one. It is a bit outdated by now, but a lot of the same principles can be applied.

Mar 04, 2017

I return to this book every few years for a quick re-read. The information is good and well presented. Its a welcome antidote to the myth that millionaires live like, and should live like, the Kardashians. They don't. One thing though- I believe that its possible to give money and be a millionaire and that is nowhere covered in the book

Jan 19, 2017

Great book. The authors provide much needed insight into the lives of those who have attained significant wealth throughout their lifetimes. Would recommend to those looking to change their lifestyle habits or looking for guidance.

Sep 14, 2016

Summaries of study findings from the U.S.A. twenty years ago. Interesting enough, but the main use for anyone today is the advice the authors distill from their work.

May 24, 2016

I grabbed this one because Dave Ramsey talks about it a lot. Turns out the statistics Ramsey quotes from this book are only from the very beginning--as one would hope, there's a lot more depth to this information than just "who in America has wealth and what do they spend it on."

The most surprising thing to me about this book is how much it felt like a book on PARENTING instead of a book on wealthy people and/or getting wealthy. Stanley's information on what happens to kids raised in different kinds of wealthy families really stood out to me. Everything was interesting in it, though, from start to finish. Easily my favorite part was the discussion on the focus group that ended up having the "UAW" in attendance, with the spoiled daughters and the son taking over the family business.

Mar 03, 2016

I enjoyed reading this book. It pointed out the differences between affluent-affluent, and the paycheque to paycheque "affluent" and how to prevent yourself and your offspring from becoming part of the latter group. I would like to get my husband to read this book so he can realise that spoiling your kids actually works against them in the long run, and it is a cycle that is very hard to get out of! Since reading this book I have met with a financial coach and reevaluated my savings strategy. I also created a family budgeting spreadsheet so that I can track our dollars and determine ways we can cut costs and increase our net worth.

Jan 11, 2016

Great read for anyone interested in building wealth or just the wealthy in general. Good, practical advice on teaching your children about wealth also.

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ArapahoeKathryn Aug 18, 2016

Many people who live in expensive homes and drive luxury cars do not actually have much wealth. Then, we discovered something even odder: Many people who have a great deal of wealth do not even live in upscale neighborhoods.”
― Thomas J. Stanley, The Millionaire Next Door: The Surprising Secrets of America's Wealthy

Jun 05, 2014

Wealth is not income. Wealth is what you accumulate, not what you spend.

Jun 05, 2014

Building wealth takes discipline, sacrifice and hard work. Do you really want to become financially independent?


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Jan 19, 2017

TJUlsby thinks this title is suitable for 25 years and over

Jun 05, 2014

carlastephenson thinks this title is suitable for 10 years and over


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Jan 19, 2017

There are two types of wealth accumulators in our society; those that are prodigious accumulators of wealth and those who are under accumulators of wealth. To calculate the threshold to be considered a PAW take your (age*yearly income)/10. PAW's much of the time have a very strong defense (frugality) which allows them to build up a net worth that is many times higher than UAW's in a similar cohort. Having a good offense (realized income) does not readily translate into wealth accumulation. A significant number of UAW's have a superb offensive, but lack the skills needed to play a solid defense. It is within the benefit of the individual to live below their means in order to build a large net worth. The American society has conditioned a large percentage of the population to become consumers and materialistic. What PAW's realize is that material goods (e.g. cars, house, clothes) do not make the individual. Conversely, UAW's are more likely to be involved in careers that engage in show-off purchasing behaviors (physicians, lawyers, upper management etc.) They essentially need to prove their aptitude in their careers via high status purchases. Of the PAW's interviewed, a majority of them were owners of "dull" businesses (i.e. companies that provide a necessary service, but do not appear to be of high status). What do PAW's investment portfolio's look like? Much like the businesses they run.


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