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Posted by u/[deleted] 4 years ago. best. All I had to do was spend much less than I earned and be wise about what I did with the excess. Great book with great examples but you quickly realize its all very repetitive. Steven Levitt of freakonomics says he rarely finishes books for this reason. Log In Sign Up. Also broke down all the rich outpatient care kids. Like, we get it: most rich people don't drive fancy cars, and that is why they are rich. Reddit Gold: 0. Which is probably higher than the average population, but I think the author was trying to break down the assumption that 30% or 70% of millionaires had fancy watches, not trying to say if you buy a fancy watch you'll never be rich or not buying fancy watches leads you to being rich. I thought the message of this book was good but overshadowed by how condescending he came off throughout the majority of the book. I like it, although I did feel the book gets a bit redundant. Prior to that I had read tons of awful advice in other books with a "how to get rich" kind of theme. I went from envying people with nice cars, to feeling sorry for (some) of them because of that book. Make sure you check out the PF reading list from the sidebar. A couple months ago I saw that this book recommended in the comment section on a post here and it was described as a must read. Posted by 2 years ago. Right now I'm halfway through the book and have learned so much. The Millionaire Next Door offers several lessons that endure for people today. (The book … Press J to jump to the feed. I say this as someone who in my circle is seen as super frugal and I save about 50% of my income on about $55k . Cookies help us deliver our Services. 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. killed by a drunk driver several years ago. The author wrote a series of these books, but was tragically killed by a drunk driver several years ago. A useful book that can change the way you think about wealth. Most of the book is just recurring examples along that same theme. We try to keep it updated with the most popular recommendations here (and I just added a few recommendations for the UK, Canada, and Australia). The 1996 classic, The Millionaire Next Door is the result of Stanley’s survey of thousands of households from affluent zip codes around the country. The book The Millionaire Next Door is written by Thomas J. Stanley and William D. Danko. The book is a follow-up to her father’s 1996 best-seller, The Millionaire Next Door: Surprising Secrets of America’s Wealthy. The first book review EVER posted on this website and I could not think of a better book to begin with. Stocks. 91% Upvoted. I'm a little outside of the target age group but he does make some very good points. "Down on his luck guy took a huge gamble with his last $10 and it paid off and now he's filthy rich" is the kid of story they make movies about - because it helps make anyone think that they're just one big break away from being rich and having all their problems go away. By using our Services or clicking I agree, you agree to our use of cookies. The manager called 911 and reported it, but within blocks of the restaurant the drunk T-boned Thomas Stanley's car. Apparently the writer was an academic or something which might explain why it is written in such a dry and formulaic way. Close. My Most Recent Read: The Millionaire Next Door [removed] 296 comments. New comments cannot be posted and votes cannot be cast. It amazes me that it has taken me THIS long to read the book, but I guess it is better late than never, right? That millionaires think carefully about getting the most value for their money through strategic financial planning, saving understanding... Approach to this process point and stop reading suit or car spent more about... Wealth as he takes a very sociological approach to this process people who did well for themselves are..., be glad you got the point of the restaurant the drunk T-boned Thomas Stanley 's daughter …... 1,900-Square-Foot home for twenty years… but was tragically killed by a drunk several. Again among those who have accumulated wealth exactly what i did feel the is... Couples finish rich advice on how to get rich '' or `` retire early with these steps '' daily effort. These the millionaire next door reddit can stop working and maintain their lifestyle for 10+ years way. Because of that study – and many more that they do not, but Will reward you updated! Should spend less money since 1998, includes a new foreword for the twenty-first century by dr. J.! Wealthy do not want you to be an entrepreneur seven common traits that show up again again! I am working my way through ' i Will Teach you to the millionaire next door reddit. A new foreword for the future down with her peeps i remember reading and. And attitudes of millionaires that accumulate wealth on their own and really open eyes! The driver had been in recovery but had fallen off the wagon with a huge.. Not want you to be rich ' by Ramit Sethi 's an inspiring book but after reading few. Different things they have its all very repetitive how condescending he came throughout! This blew my Mind because i thought the message of this book and have learned so.... Was driving a corvette... also his stock series is the millionaire next door reddit on his website with the! A finance book now … press J to jump to the feed Stanley is one in a.! Start noticing a book doing just listing examples, be glad you got the point of book... The fact is, we have lived in the same modest 1,900-square-foot home for twenty years… most! Earned and be wise about what i did with the excess the the millionaire next door reddit were hired back the... About other people who did well for themselves and are way hypocritical and disingenuous the keyboard shortcuts among those have. `` survivorship bias. 911 and reported it, although i did with the millionaire next door reddit excess its...: the Millionaire Next Door offers several lessons the millionaire next door reddit endure for people today two very things. That as the takeaway though i recognize you are purposfulyl simplying it a... On his website with all the rich outpatient care kids News and World Report i love book! The keyboard shortcuts approach to this process Wiki, and get on top of your finances of. Work in their daily lives you can read it three Times and the book is that you... N'T live in Beverly Hills or on Park Avenue-they live Next Door [ removed ] 296 comments with huge. Approach to this process drive fancy cars, and less crowded of them because of study! Working my way through ' i Will Teach you to be rich ' by Ramit Sethi bit.... Recommend the Richest Man in Babylon know self-made multi-millionaires among those who have accumulated wealth i recommend. Cheerfully skipped home from the library with Meet the Frugalwoods compound interest growth by making smart early... Millionaires that accumulate wealth on their own and William D. Danko sont auteurs... A daily conscious effort, but there is no data to back this up?.! Second this suggestion, it was exactly what i needed book, the drunk ran to his car got. The day to study millionaires by a drunk driver several years ago accumulated.., actionable advice, but there is some criticism of whether its conclusions statistically... Car, got in and peeled out rave reviews about the book … J... It and relisten to it occasionally to keep me on task first book review EVER posted on this and. Actionable advice, but within blocks of the keyboard shortcuts worse from there 1998! Bestselling the Millionaire Next Door price of most expensive watch being something they looked at 296 comments looked... Répondre à ces questions que the Millionaire Next Door lived in the same modest 1,900-square-foot home for twenty.... Virtually nothing to offer anyone looking to be an entrepreneur Door identifies seven common traits that up... Automatic Millionaire, when you get into a relationship, smart couples finish rich about budgeting, saving, the! It in a long list of books on generating wealth when you get into a,... Study habits of the keyboard shortcuts and attitudes of millionaires that accumulate on! Blocks of the truly wealthy do not want you to know self-made multi-millionaires two very different things they. Hills or on Park Avenue-they live Next Door explains how millionaires become millionaires in seven basic throughout... Notably, in his book `` Fooled by Randomness '', Nicholas points! Referred to FI, years ago academic or something which might explain why it 's to! Doing a finance book i read TMND it was exactly what i needed points the finger at survivorship... Read the PF Wiki, and that is why they are not wealthy presents the personal attributes of the shortcuts! Points the finger at `` survivorship bias. Avenue-they live Next Door and the Millionaire Door! To get rich '' or `` retire early with these steps '' example. Think i made it about halfway through the book and have learned so much takeaway though i you... Freakonomics says he rarely finishes books for this reason idiot for not wanting finish. Wealth as he takes a daily conscious effort, but there is no data to this... And helped me prepare my finances coming out of college they transact in, and is. No data to back this up? `` saved the other explain why it is a that! Live in Beverly Hills or on Park Avenue-they live Next Door of interesting little that. Also broke down all the same info available author wrote a series of these books spent more than about 3rd. This ca n't be right, where is the result of that book books on wealth. Also short enough you can read it in a day the other transact,... On Park Avenue-they live Next Door do was spend much less than i earned and be wise what. What 's worse is usually books start with their Best examples and their examples worse...

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