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Summary and book reviews of The Millionaire Next Door by Thomas Stanley

The Millionaire Next Door

The Surprising Secrets of America's Wealthy

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

The Millionaire Next Door
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  • First Published:
    Oct 1996, 258 pages
    Paperback:
    Sep 1998, 255 pages

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About this Book

Book Summary

The incredible national bestseller that is changing people's lives -- and increasing their net worth!

Can You Spot The Millionaire Next Door?

  • Who are the rich in this country?
  • What do they do?
  • Where do they shop?
  • What do they drive?
  • How do they invest?
  • Where did their ancestors come from?
  • How did they get rich?
  • Can I ever become one of them?

Get the answers in The Millionaire Next Door, the never-before-told story about wealth in America. You'll be surprised at what you find out....

Chapter One:
Meet The Millionaire Next Door

These people cannot be millionaires! They don't look like millionaires, they don't dress like millionaires, they don't eat like millionaires, they don't act like millionaires -- they don't even have millionaire names. Where are the millionaires who look like millionaires?

The person who said this was a vice president of a trust department. He made these comments following a focus group interview and dinner that we hosted for ten first-generation millionaires. His view of millionaires is shared by most people who are not wealthy. They think millionaires own expensive clothes, watches, and other status artifacts. We have found this is not the case.

As a matter of fact, our trust officer friend spends significantly more for his suits than the typical American millionaire. He also wears a $5,000 watch. We know from our surveys that the majority of ...

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Reviews

Media Reviews
USA Today

A nerve has been hit....[For] people who want to become wealthy.

Boston Globe

A primer for amassing wealth through frugality.

The Washington Post

A remarkable book.

USA Today

A nerve has been hit....[For] people who want to become wealthy.

Forbes

The implication of The Millionaire Next Door...is that nearly anybody with a steady job can amass a tidy fortune.

The Washington Post

A remarkable book.

Forbes

The implication of The Millionaire Next Door...is that nearly anybody with a steady job can amass a tidy fortune.

Reader Reviews
Jojo

This was a paradigm shift from the "greed is good" media message. Very informative and pleasant to read. I thought it would be full of boring stats but it broke down the information so that wherever you are in your life, you could easily ...   Read More

Charles

Should be required reading for High School students. If not in school, it will be in my home.

chapa

This book changed my way of thinking about money and personal goals

Will

The guy that hatedt his book probably wants to believe that millionaires are born and not made, or that luck plays an important part in becoming wealthy, but if you want to know the truth about wealth building, this book which details a stufy of the ...   Read More

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