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The Millionaire Next Door

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May 5, 2011

After reading (listening) this book, I clearly understand what’s the meaning of Millionaire. All the way until before reading this book, my way of thinking is too basic. I did wrongly believe that high consumption lifestyle is the one of those; millionaires'. It was wrong. High consumption lifestyle is the one that makes a lot of people trapping under the rat race, relying on paycheck to paycheck, and so called nine to five jobs. Actually, I am also still under this category of life, but some how, now I am trying to shift my mindset and shift the direction of life. I am still in progress of listening this audiobook. I would like to share with you guys as well.

Here is the short description of the book.

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 Beverly Hills or on Park Avenue-they live next door. This new edition, the first since 1998, includes a new foreword for the twenty-first century by Dr. Thomas J. Stanley.

How can you join the ranks of America’s wealthy (defined as people whose net worth is over one million dollars)? It’s easy; say Doctors Stanley and Danko, who have spent the last 20 years interviewing members of this elite club: you just have to follow seven simple rules. The first rule is, always live well below your means. The last rule is, choose your occupation wisely. You’ll have to buy the book to find out the other five. It’s only fair. The authors’ conclusions are commonsensical. But, as they point out, their prescription often flies in the face of what we think wealthy people should do. There are no pop stars or athletes in this book, but plenty of wall-board manufacturers–particularly ones who take cheap, infrequent vacations! Stanley and Danko mercilessly show how wealth takes sacrifice, discipline, and hard work, qualities that are positively discouraged by our high-consumption society. “You aren’t what you drive,” admonish the authors. Somewhere, Benjamin Franklin is smiling.

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Download Audiobook Here!
Part 1 |Part 2 | Part 3

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