I like it, although I did feel the book gets a bit redundant. I remember reading this book about a decade ago, when I was just starting out as a teacher and thought: Reddit Gold: 0. I like how the book referred to FI, as a "Go to Hell" fund. Close. If you start noticing a book doing just listing examples, be glad you got the point and stop reading. I do recall being a bit frustrated by the lack of practical, actionable advice, but that's not what the book is. For the car example specifically, one of the most popular brands was Lexus, which is a luxury brand that is often more expensive than a base model Ford for example. Most of the truly wealthy in this country don't live in Beverly Hills or on Park Avenue-they live next door. So here’s an interesting concept – Instead of expecting everyone else to educate you, you take the bull by the horns and educate yourself. ★ The Millionaire Next Door is that the pop culture concept of a millionaire is quite false and that most actual millionaires live a very simple lifestyle. But yeah, the message is basically: you can earn shit loads of money but piss it away, or you can earn decent money and NOT piss it away. The Millionaire Next Door: The Surprising Secrets of America's Wealthy (ISBN 0-671-01520-6) is a 1996 book by Thomas J. Stanley and William D. Danko.. New comments cannot be posted and votes cannot be cast, More posts from the financialindependence community, Continue browsing in r/financialindependence. Thomas J. Stanley et William D. Danko sont les auteurs du livre The millionaire next doorrecommandé par l’Ecole des Finances Personnelles. The millionaire Next door. New comments cannot be posted and votes cannot be cast. Join our community, read the PF Wiki, and get on top of your finances! New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. The fact is, we have created such a great country over 250 years. The book is great and points out how living within your means is crucial to a strong financial future. I realized I didn't need to be an entrepreneur. Last but not least, a common denominator among the many interviews and studies of millionaires in America is that they choose a profession where the ability to make money is apparent. The book The Millionaire Next Door is written by Thomas J. Stanley and William D. Danko. It is kind of considered a motivational speaker doing a Finance book now. hide. It talks about how it is a myth that most millionaires in America have inherited their money. Other. Press question mark to learn the rest of the keyboard shortcuts. I enjoy the book, but there is some criticism of whether its conclusions are statistically valid. It creates a much more realistic view of a person’s financial state throughout their life than the original, particularly for younger people. Most millionaires achieved their money through strategic financial planning, saving, understanding the markets they transact in, and prudent investing. I've been seeing a lot of rave reviews about the book, The Millionaire Next Door. The Millionaire Next Door. The first book review EVER posted on this website and I could not think of a better book to begin with. I'd add Simple Path to Wealth also. The NEXT Millionaire Next Door -- many references to this community I'm through the preface and about 20 pages so far, and I'm certain that this book will be a great read for the community. I read this book when I was first figuring out how to invest in my retirement account, which means I was 30 years old at the time. Log In Sign Up. $1M NW is enough for a below-average income in retirement. I'm a big fan of the Automatic Millionaire. Dr. Stanley’s first three books, Marketing to … The Millionaire Next Door is not a social media influencer, movie star, sports star, or celebrity. Archived. I think I made it about halfway through and never picked it up again. Great book with great examples but you quickly realize its all very repetitive. It truly sucked: couple of hipsters, born rich, ivy league colleges, working six digit salary jobs at non-profits from home, still loaded. Stanley offers straightforward advice on how to gain wealth as he takes a very sociological approach to this process. My Most Recent Read: The Millionaire Next Door. C'est pour répondre à ces questions que The Millionaire Next Door a été écrit. Dr. Stanley wrote The Millionaire Next Door and The Millionaire Mind. This thread is archived. What's worse is usually books start with their best examples and their examples get worse from there. Thomas J. Stanleya été professeur de marketing au sein de plusieurs univers… Yeah, it's a good message but you don't have to read more than about a 3rd of it. The Millionaire Next Door. Worth noting that "get rich" and "have a $1M net worth" are two very different things. We have lived in the same modest 1,900-square-foot home for twenty years…. I went from envying people with nice cars, to feeling sorry for (some) of them because of that book. share. We have actually found the way for poor people to go from nothing to huge wealth and to create a life-changing opportunity for their children and grandchildren. Most of the book is just recurring examples along that same theme. As a college student who pretty much knew nothing about finances before hand, I feel much … Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. That is a good book. 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