The Millionaire Next Door PDF is an asset to anyone who loves reading Business books. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy is a 1996 book by Thomas J. Stanley and William D. Danko. The book is a compilation of research done by the two authors in the profiles of American millionaires. The Millionaire Next Door is a financial classic! As this book is a few decades old, some of the career advice and a few other details seem outdated. However, most of the information is timeless.
Table of Contents
The Millionaire Next Door PDF Free Download Details
- Book Title: The Millionaire Next Door PDF
- Author: Thomas J. Stanley, William D. Danko
- Published: October 25th 1996 by Longstreet Press
- Goodreads Link: The Millionaire Next Door by Thomas J. Stanley PDF
- Literary Awards: Independent Publisher Book Award (IPPY) Nominee for Business (Finalist) (1997)
- ISBN: 9781563523304
- Formats: [PDF] [Epub]
- No. of pages: Hardcover, 258 pages
- Size: 5 MB
- Genre: Non-fiction, Economics, Personal Finance, Business, Self Help
- Language: English
- File Status: Available
- Price: $0
The Millionaire Next Door PDF Book Summary
“Why aren’t I as wealthy as I should be?” Many people ask this question of themselves all the time. Often they are hard-working, well-educated middle- to high-income people. Why, then, are so few affluent. For nearly two decades the answer has been found in the bestselling The Millionaire Next Door: The Surprising Secrets of America’s Wealthy, reissued with a new foreword for the twenty-first century by Dr. Thomas J. Stanley. According to the authors, most people have it all wrong about how you become wealthy in America.
Wealth in America is more often the result of hard work, diligent savings, and living below your means than it is about inheritance, advance degrees, and even intelligence. The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. You will learn, for example, that millionaires bargain shop for used cars, pay a tiny fraction of their wealth in income tax, raise children who are often unaware of their family’s wealth until they are adults, and, above all, reject the big-spending lifestyles most of us associate with rich people.
In fact, you will learn that the flashy millionaires glamorized in the media represent only a tiny minority of America’s rich. Most of the truly wealthy in this country don’t live in Beverly Hills or on Park Avenue-they live next door.
The Millionaire Next Door by Thomas J. Stanley Review
This is my second read of this book. Keep in mind it was written in the 90’s so the dollar amounts have changed but the realities and suggestions still apply today. It is a fascinating study that I am hopeful the authors will update at some point.
John Browning [From Goodreads]
This book simple shook me! I never ever imagined that millionaires life’s weren’t as it is portrayed in the media. Furthermore, it kind makes since how the rich are rich. Yet the media and it’s effect on us.
Ibrahim [From Goodreads]
I found this book really interesting. Although it doesn’t surprise me, it really made the point that wealthy people are just smarter with their money than people who aren’t wealthy. This is reinforced by stories of people who have similar income, but very different net worth. What did surprise me that the more cash handouts children get from their parents, the less wealth they will create later in life. Also, that 95% of wealthy people invest, they budget, and they are naturally frugal. Great book to get into the mindset of the wealthy.
Nathan Borg [From Goodreads]
This book is an enlightening read on who actually holds wealth in the US. Many people that accumulate wealth do so by not adopting lavish lifestyles, but by being frugal and passing those traits on to their offspring. Stanley and Danko fill this book with actual results from studies and surveys they’ve performed that show unexpected patterns over many accumulators of wealth.
Chad King [From Goodreads]
This book is over 20 years old, so many of the facts, figures and projections are snapshots from the mid-1990s. They show many recurring trends, but don’t necessarily reflect today’s socioeconomic divisions.
This book teaches that the wealthy are not those who have high incomes and consume it (like many rappers and celebrities). Rather, the wealthy are those who build a high net worth by living below their means and investing a good portion of their income. They detail numerous habits of the wealthy which are usually the opposite of what is portrayed in popular media. The wealthy (typically) reject a high consumption lifestyle along with its status symbols, they are frugal, they budget their finances, they invest, and live well below their means. A practical example of this is those who have high incomes usually spend their money on brand new sports cars whereas the wealthy buy used vehicles. In summary, the ethical habits of the wealthy are humility+frugality combined with a low consumption and high investing economic plan.
A lot of the info in this book is what you’d call “common sense” economics which has been popularized by Dave Ramsey. Highly recommended read!
Jeremy Gardiner [From Goodreads]
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