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 by Thomas J. Stanley, William D. Danko, Ph.D. X
The Millionaire Next Door by Thomas J. Stanley, William D. Danko, Ph.D.
  • Critics' Opinion:

    Readers' Opinion:

  • First Published:
    Oct 1996, 258 pages
    Paperback:
    Sep 1998, 255 pages

  • Rate this book


Buy This Book

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 ...

Membership Advantages
  • Reviews
  • "Beyond the Book" backstories
  • Free books to read and review (US only)
  • Find books by time period, setting & theme
  • Read-alike suggestions by book and author
  • Book club discussions
  • and much more!
  • Just $10 for 3 months or $35 for a year
  • More about membership!

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

Write your own review!

Membership Advantages
  • Reviews
  • "Beyond the Book" backstories
  • Free books to read and review (US only)
  • Find books by time period, setting & theme
  • Read-alike suggestions by book and author
  • Book club discussions
  • and much more!
  • Just $10 for 3 months or $35 for a year
  • More about membership!

Readalikes

Readalikes Full readalike results are for members only

If you liked The Millionaire Next Door, try these:

Non-members are limited to two results. Become a member
Search Readalikes again
How we choose readalikes

Books with similar themes


Membership Advantages
  • Reviews
  • "Beyond the Book" backstories
  • Free books to read and review (US only)
  • Find books by time period, setting & theme
  • Read-alike suggestions by book and author
  • Book club discussions
  • and much more!
  • Just $10 for 3 months or $35 for a year
  • More about membership!

Support BookBrowse

Become a Member and discover books that entertain, engage & enlighten!

Join Today!

Editor's Choice

  • Book Jacket: Future Home of the Living God
    Future Home of the Living God
    by Louise Erdrich
    Louise Erdrich began Future Home of the Living God in 2002, set it aside, and picked it up again in ...
  • Book Jacket: The Last Mrs. Parrish
    The Last Mrs. Parrish
    by Liv Constantine
    Amber has lived in poverty all her life, and she has had enough. Of course, wishing to have money ...
  • Book Jacket: Never Coming Back
    Never Coming Back
    by Alison McGhee
    18 out of 23 reviewers gave Alison McGhee's Never Coming Back a rating of 4 or 5, with an average ...

Book Discussion
Book Jacket
The Second Mrs. Hockaday by Susan Rivers

At once a love story, a history lesson and a beautifully written tale of forgiveness.

About the book
Join the discussion!

First Impressions

  • Book Jacket

    Strangers in Budapest
    by Jessica Keener

    Strong characters and a riveting plot combine in this psychological thriller set in Budapest.
    Reader Reviews

Who Said...

Wisdom is the reward you get for a lifetime of listening when you'd rather have been talking

Click Here to find out who said this, as well as discovering other famous literary quotes!

Word Play

Solve this clue:

E Dog H I D

and be entered to win..

Books that     
entertain,
     engage

 & enlighten

Visitors can view some of BookBrowse for free. Full access is for members only.

Join Today!

Your guide toexceptional          books

BookBrowse seeks out and recommends books that we believe to be best in class. Books that will whisk you to faraway places and times, that will expand your mind and challenge you -- the kinds of books you just can't wait to tell your friends about.