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The Millionaire Next Door (Millionaire Set) Kindle Edition

4.3 4.3 out of 5 stars 1,656 ratings

How do the rich get rich? An updated edition of the “remarkable” New York Times bestseller, based on two decades of research (The Washington Post).
 
Most of the truly wealthy in the United States don’t live in Beverly Hills or on Park Avenue. They live next door.
 
America’s wealthy seldom get that way through an inheritance or an advanced degree. They bargain-shop for used cars, raise children who don’t realize how rich their families are, and reject a lifestyle of flashy exhibitionism and competitive spending. In fact, the glamorous people many of us think of as “rich” are actually a tiny minority of America’s truly wealthy citizens—and behave quite differently than the majority.
 
At the time of its first publication,
The Millionaire Next Door was a groundbreaking examination of America’s rich—exposing for the first time the seven common qualities that appear over and over among this exclusive demographic. This edition includes a new foreword by Dr. Thomas J. Stanley—updating the original content in the context of the financial crash and the twenty-first century.
 
“Their surprising results reveal fundamental qualities of this group that are diametrically opposed to today’s earn-and-consume culture.” —
Library Journal
 

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Product details

  • ASIN ‏ : ‎ B07XB487HP
  • Publisher ‏ : ‎ RosettaBooks (November 30, 2010)
  • Publication date ‏ : ‎ November 30, 2010
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 5309 KB
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Enabled
  • Word Wise ‏ : ‎ Enabled
  • Print length ‏ : ‎ 332 pages
  • Customer Reviews:
    4.3 4.3 out of 5 stars 1,656 ratings

About the author

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Thomas J. Stanley
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Dr. Thomas J. Stanley (1944-2015) was the author of seven award winning books concentrating on America's wealthy population and was the foremost authority on the affluent. His last book, The Next Millionaire Next Door, was published posthumously in October 2018 and co-authored by Dr. Sarah Stanley Fallaw.

He began studying the affluent in 1973. Dr. Stanley's first book, Marketing to the Affluent, was selected as a top ten outstanding business book in America by the editors of Best of Business Quarterly. Dr. Stanley wrote The Millionaire Next Door in 1996. Over 4,000,000 copies of this New York Times bestseller have been sold. In 2000, he published The Millionaire Mind, which explored America's financial elite and how they became so. The Millionaire Mind debuted at #2 on the New York Times bestseller list. His other works included Selling to the Affluent, Networking with the Affluent, Millionaire Women Next Door, and Stop Acting Rich.

The author lived in Atlanta, held a doctorate of business administration from the University of Georgia in Athens and was formerly a professor of marketing at Georgia State University. Visit Dr. Stanley's website at www.thomasjstanley.com for more information on his life and work.

Customer reviews

4.3 out of 5 stars
1,656 global ratings

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Customers say

Customers find the book informative and helpful for investing. They describe it as an interesting read with a straightforward approach. However, some readers feel the pacing is repetitive and boring, with too many details and stats.

AI-generated from the text of customer reviews

28 customers mention "Information quality"24 positive4 negative

Customers find the book informative and helpful for investing. They appreciate the insightful examples and approach to classifying people into PAWs and UAWs. The book provides direction and excellent financial information, changing their perspective on wealth.

"A straightforward read. Insightful. PAW and UAW are terms I had never before heard of or considered. Glad I read this book...." Read more

"...This book will give you some direction to go if you don’t already have some. I took 1 star off because it’s a little bit boring." Read more

"...It has also instructed my emotions in my relationship with money, enterprise and life." Read more

"In general, I really admired all the insightful interviews and each individua'sl life-story on how to manage or lose all their wealth...." Read more

20 customers mention "Readability"20 positive0 negative

Customers find the book easy to read and engaging. They say it provides an insightful account and review of how most millionaires became rich. Many consider it a solid book with good insights that are useful for life planning.

"A straightforward read. Insightful. PAW and UAW are terms I had never before heard of or considered. Glad I read this book...." Read more

"...All in all, for patient readers very well suited, but for me a summary would have done it too! Super great information and examples!" Read more

"Excellent book. The book is a little older some some of the data is not relevant but it the concepts still make alot of sense." Read more

"This book is required reading for life planning...." Read more

4 customers mention "Pacing"0 positive4 negative

Customers find the book's pacing slow and repetitive. They mention it's boring with too many details and stats without insights.

"...I took 1 star off because it’s a little bit boring." Read more

"A bit repetitive. Too much stats and with very few insights. Useful to keep yourself within the frugal lifestyle and mindset." Read more

"There is too much bluff and endless details to stories even after the point of the story had been made." Read more

"Outdated, boring, and endlessly repetitive...." Read more

Top reviews from the United States

  • Reviewed in the United States on April 12, 2024
    A straightforward read. Insightful. PAW and UAW are terms I had never before heard of or considered. Glad I read this book. I hope to apply the concepts presented in this book. Simple ideas that seem hard to do for many.
  • Reviewed in the United States on January 19, 2020
    I enjoyed this book as it gave me some insight to an are I am not familiar with. It has changed some of my personal viewpoints on what is important and reinforced what I’m already doing well. I recommend reading this book if you’re interested in growing wealth. This book will give you some direction to go if you don’t already have some. I took 1 star off because it’s a little bit boring.
    2 people found this helpful
    Report
  • Reviewed in the United States on June 14, 2024
    This book has illuminated my intuitive knowledge with data and narratives. It has also instructed my emotions in my relationship with money, enterprise and life.
  • Reviewed in the United States on September 24, 2020
    In general, I really admired all the insightful interviews and each individua'sl life-story on how to manage or lose all their wealth. The book itself is written in an easy language for anyone, even foreigners like me, to read! The only thing that I didn't like was that some topics were taking too long and were stretching out since it was based on study cases which needed to be explained. All in all, for patient readers very well suited, but for me a summary would have done it too! Super great information and examples!
    3 people found this helpful
    Report
  • Reviewed in the United States on December 8, 2022
    Definitely a little out dated but a lot of great information. The book definitely opened my eyes to the thought of not having to have a high salary in order to have high net wealth. Obtaining unrealized income vs realized income is in my future so that I may spend more time with family and less time on the job.
  • Reviewed in the United States on June 15, 2020
    Excellent book. The book is a little older some some of the data is not relevant but it the concepts still make alot of sense.
  • Reviewed in the United States on July 1, 2023
    This book is required reading for life planning. You might not be on the path, nor wish to be on the path of becoming a Prodigious Accumulator of Wealth. But you need to know the difference so you can go your own way while knowing the trade offs.
  • Reviewed in the United States on March 11, 2021
    As a fan of numerous personal finance blogs, podcasts, and you tube channels, I didn’t think there would be anything in this book that i didn’t already know. I was wrong. Reading the detail research findings was fascinating, especially regarding the relationship of wealthy people with their children.

    The book focuses quite a lot on the ratio of income taxes paid to total net worth, I thought this was a strange thing to focus on, and wasn’t really all that helpful of a metric.

    Otherwise I thought the book was outstanding.
    2 people found this helpful
    Report

Top reviews from other countries

  • Amazon Customer
    5.0 out of 5 stars Easy to read and digest. Excellent suggestions
    Reviewed in Canada on September 30, 2021
    Easy to read and digest. Excellent suggestions
  • AAmazon Customer
    5.0 out of 5 stars insightful
    Reviewed in the United Kingdom on March 22, 2023
    The information is really helpful. Teaches you how millionaires go about their lives financially. I’m look forward to read the other books.
  • ANN
    5.0 out of 5 stars Very important topic
    Reviewed in Germany on June 10, 2021
    It is an important book and much relevant at this age of spending. The important message: to get rich, it is important to be frugal.
  • Anon
    5.0 out of 5 stars Great book on how to upgrade your thinking about money.
    Reviewed in India on January 8, 2020
    I bought the book part 1 & 2 to understand different way of thinking about money. Both the book has excellent steps, with statistics to better understand why certain groups of people are successful over others. In a consumerism economy its very easy to want things and this is one of the books to point out the difference. I came to know about this book when one of my managers gave me this book to read.
    It's a good book to read if you want to make changes. These things are not taught to us in colleges or schools.
  • Kindle Customer
    5.0 out of 5 stars I got more than what I expected
    Reviewed in Australia on January 5, 2022
    I am blown away on how the millionaires taught their kids on how to manage their monies. Especially on how to pass their wealth after they pass away.

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