The Millionaire Next Door

by Thomas J. Stanley
The Millionaire Next Door cover
Good Books rating 4.0
Business and Economics
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Paperback • £14.99
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  • ID: 6391
  • Added: 2025-11-16
  • Updated: 2025-11-29
  • ISBN: 9781589794870
  • Publisher: Simon and Schuster
  • Published: 1996-10-25
  • Formats: 1
  • Reviews: 4

The Millionaire Next Door challenges common perceptions about wealth in America. The authors reveal that most affluent individuals are not the flashy millionaires glamorized in the media, but rather those who live modestly, save diligently, and spend wisely. This book identifies seven common traits among the wealthy, such as bargain shopping, living below their means, and raising children who are unaware of their family's wealth until adulthood. /n/n Through extensive research and real-life examples, the authors debunk myths about wealth accumulation and provide practical insights into how anyone can achieve financial success. The book also discusses the importance of financial education and the role of hard work and discipline in building wealth. It's a must-read for anyone looking to understand the true path to prosperity.

Reviews
Hidden Value Gems · 2025-11-22
insightful 4.00

The book provides a detailed analysis of the behaviors and characteristics of America's wealthy. It highlights the importance of living below one's means and avoiding ostentatious displays of wealth.

The book provides a detailed analysis of the behaviors and characteristics of America's wealthy. It highlights the importance of living below one's means and avoiding ostentatious displays of wealth. The authors emphasize that wealth is not about income but about how one manages and spends money. The book offers practical advice on budgeting, saving, and investing, which can be applied by anyone looking to build wealth. It also discusses the common traits of millionaires, such as frugality, discipline, and a focus on long-term financial goals. The insights provided are valuable for anyone interested in financial independence and understanding the habits of the wealthy.

Quick quotes

    The book provides an insightful analysis of the behaviour and characteristics of America's wealth.

    It highlights the importance of living below one's means and avoiding ostentatious displays of wealth.

    The authors emphasize that wealth is not about income but about how one manages and spends money.

Banker on Wheels · 2025-10-28
mixed 3.50

The book is outdated in several ways, particularly in its portrayal of gender stereotypes. Despite this, it offers valuable insights into the habits and lifestyles of millionaires.

The book is outdated in several ways, particularly in its portrayal of gender stereotypes. Despite this, it offers valuable insights into the habits and lifestyles of millionaires. The authors provide a comprehensive analysis of how millionaires manage their finances, emphasizing the importance of frugality and disciplined spending. The book also discusses the common traits of millionaires, such as their focus on long-term financial goals and their tendency to live below their means. While some of the information may be dated, the core principles discussed are still relevant and can be applied by anyone looking to build wealth. The book is a valuable resource for understanding the habits of the wealthy and achieving financial independence.

Quick quotes

    The Millionaire Next Door is outdated in a number of ways, especially when it comes to the gender stereotypes it describes.

    Although income is not the same as wealth, the book provides valuable insights into the habits and lifestyles of millionaires.

    The authors provide a comprehensive analysis of how millionaires manage their finances, emphasizing the importance of frugality and disciplined spending.

Etonomics · 2025-05-14
comprehensive 4.00

The book offers an in-depth analysis of the lifestyles and consumption patterns of American millionaires. It provides a comprehensive look at the inner workings of their financial habits and behaviors.

This book delves deep into the lives of American millionaires, providing a detailed analysis of their financial habits and consumption patterns. The research behind the book is extensive and well-documented, offering a comprehensive look at what makes these individuals successful. The authors do an excellent job of breaking down complex financial behaviors into understandable concepts, making it a valuable read for anyone interested in financial success. While some of the information might be more relevant to a specific demographic, the overall insights are applicable to a broader audience. It's a thought-provoking read that can help readers understand and adopt the habits of the wealthy.

Quick quotes

    Stanley and William D. Danko is an analysis of millionaires in America.

    The study detailed the inner workings of their lives and consumption

    The research behind the book is extensive and well-documented

Financial Independence Campaign Blog · 2024-12-27
insightful 4.50

The book is highly recommended for anyone pursuing financial independence, offering valuable insights at any stage of the journey. It provides actionable advice and a clear path to achieving financial goals.

This book is a fantastic resource for anyone on the path to financial independence. It offers a wealth of insights and practical advice that can be applied at any stage of your financial journey. The author does a great job of breaking down complex financial concepts into actionable steps, making it accessible for readers at all levels. Whether you're just starting out or well on your way to financial freedom, this book provides valuable guidance and motivation to keep you on track. It's a must-read for anyone serious about achieving financial independence.

Quick quotes

    All in all, I recommend this book to financial independence campaigners at every stage.

    For people like me, who are relatively early in the journey

    The book provides valuable guidance and motivation

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