Millionaire next door

[Ima saver]

Has anyone read the book? What do you think?

[dealsaver]

Re: Millionaire next door

Not a well written book, but some of the conclusions the authors come to support my own beliefs about how certain behavior patterns are likely to lead towards accumulating wealth over a lifetime.

[Ima saver]

Re: Millionaire next door

what I liked about the book was that the millionaires he talked about did not have rich life styles. They lived in nice houses, but didn't waste their money on fancy jewelry or clothing. It made me realize that even though we did not make a great deal of money, if we were conservative and started saving early, we could become a millionaire.

[PRICEPLUS]

Re: Millionaire next door

Who is the author and publisher of this tome?

[Ima saver]

Re: Millionaire next door

Thomas Stanley and William Danko wrote the book. Published by longstreet press.

[PRICEPLUS]

Re: Millionaire next door

Thank you! I will look it up on my next library visit!

[Bluezy]

Re: Millionaire next door

what I liked about the book was that the millionaires he talked about did not have rich life styles

I haven't read the book, but I know that one of our largest probate contests was that of a very plain-looking elderly man who lived in a old house. His probate estate totaled $14,000,000.00.

Moral of this story, never judge a book by it's cover.

[VJW]

Re: Millionaire next door

The rap on this book (as well as it’s subsequent sequels) is that because Stanley and Danko have their backgrounds in marketing, not economics, they were commissioned to use biased surveys as a basis for a series of books that would attempt to modify the public’s perception of the wealthy in America away from reality.

Although I’ve seen no actual evidence they were hired for this task, the fact that they intentionally selected the 1,000 or so people they would ask to take their written surveys and that their “results” do not comport with reality, it does tend to bolster the argument that they were hired guns paid to promulgate propaganda.

Not a new phenomenon from this crowd, BTW.

#

[Ima saver]

Re: Millionaire next door

It really is not that hard to have a net worth of a million dollars in this day and age. Especially if you own property. Land in the area I live in has gone up so much in the past ten years. We sold 2 acres on the river for $22,000 ten years ago. Now they are asking $200,000 for it.