The Millionaire Next Door

by William D. Danko, Thomas J. Stanley, W.D. Danko

Book Overview

The bestselling The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. Most of the truly wealthy in this country don't live in... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0671015206
• Release Date: October 1998
• Publisher: Gallery Books
• Length: 272 Pages
• Weight: 0.54 lbs.
• Dimensions: 8.3" x 0.8" x 5.3"

Customer Reviews

Millionaire Next Door Worked for ME!

I first read the Millionaire Next Door in the early 2000’s in my early 20’s. This book set the foundation for building wealth. Sure it wasn’t the only advice that helped, but it pointed me in the right direction. Twenty years later, I’m financially free, and semi-retired in my early 40’s. I am a Multi Millionaire Next Door!

This is how the rich become rich

Creating wealth is sort of like dieting.Everybody wants the end result but the discipline to achieve that result is usually lacking.Oh, if only there were a magic pill that you could take to lose weight or to create wealth without changing your habits. We would all be rich.FRUGALITY...FRUGALITY...FRUGALITY. It takes discipline.Contrary to certain opinions i.e. revews posted here, you don't need "a wad" to do this.However, by following these concepts, you will soon have a wad.There is no level of income that you can't outspend and yet most of us feel that we have an unlimited supply of cash.You would think that considering the ever increasing number of bankruptcies and mortgage foreclosures not to mention company downsizings that people would have learned by now. Peer pressure...keeping up with the Jone's drives many people to live beyond their means. Remember this: when your outgo exceeds your income, your upkeep will become your downfall.DELAY GRATIFICATION. Pay yourself first. Invest and then buy toys with the profits.Another good book to read is Rich Dad Poor Dad and Cash Flow Quadrant. Robert . Kiyosaki has a different strategy than Stanley and Danko in certain areas but is in agreement in other areas. The authors work compliments each other and I highly recommend these books to all would be financial achievers.Another book that is popular right now and says some of the same things is The Automatic Millionaire by David Bach.Read and grow rich.