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The Next Millionaire Next Door
- Enduring Strategies for Building Wealth
- Narrated by: Stephen Wojtas
- Length: 7 hrs and 11 mins
- Categories: Money & Finance, Personal Finance
Non-member price: $27.79
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Best-selling author of The Millionaire Next Door and The Millionaire Mind and leading authority on the wealthy, Dr. Thomas Stanley uncovers the truth that few people become rich by way of a high income, and even fewer high-income people are truly rich. The good news is that almost anyone can become wealthy - even without a super high income. Just stop acting...and instead start living like a rich person.
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This book grew out of a series of letters to my daughter concerning various things - mostly about money and investing - she was not yet quite ready to hear. Since money is the single most powerful tool we have for navigating this complex world we've created, understanding it is critical.
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Good, but unrealistic
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Best-selling author of The Millionaire Next Door and The Millionaire Mind and leading authority on the wealthy, Dr. Thomas Stanley uncovers the truth that few people become rich by way of a high income, and even fewer high-income people are truly rich. The good news is that almost anyone can become wealthy - even without a super high income. Just stop acting...and instead start living like a rich person.
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- By Amazon Customer on 12-07-2020
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To become a millionaire, you have to think like one. The Millionaire Mind shows you how. Also available: The Millionaire Next Door.
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Inspiring
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Publisher's Summary
Over the past 40 years, Tom Stanley and his daughter Sarah Stanley Fallaw have been involved in research examining how self-made, economically successful Americans became that way.
Despite the publication of The Millionaire Next Door, The Millionaire Mind, and others, myths about wealth in America still abound. Government officials, journalists, and many Americans still tend to confuse income with wealth. A new generation of household financial managers are hearing from so-called experts in personal financial management due to the proliferation of the cottage industry of financial blogs, podcasts, and the like. In many cases, these outlets are simply experiences shared without science and case studies without data based on broader populations. Therefore, the authors decided to take another look at millionaires in the United States to examine what changes could be seen 20 years after the original publication of The Millionaire Next Door.
In this audiobook, the authors highlight how specific decisions, behaviors, and characteristics align with the discipline of wealth building, covering areas such as consumption, budgeting, careers, investing, and financial management in general. They include results from quantitative studies of wealth as well as case studies of individuals who have been successful in building wealth. They discuss general paths to building wealth on your own, focusing specifically on careers and lifestyles associated with each path, and what it takes to be successful in each.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
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What listeners say about The Next Millionaire Next Door
Reviews - Please select the tabs below to change the source of reviews.
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- Anonymous User
- 04-01-2020
Behaviours of rich people
If you're interested in the behaviours and psychology of millionaires, you'll like this book. It's a good insight as to how this behaviours help grow wealth and are easy to adapt. The book felt like it flowed well and offered new information each chapter. Highly recommend
2 people found this helpful
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- Amazon Customer
- 26-01-2020
Not Much New
I really enjoyed the Original Millionaire next door so I thought that this would be a good next book. Fortunately for readers of the original, many of the core principles in the original book haven't changed. However, that makes for a pretty uneventful read of this follow up title. Beyond the lack of much new content I also felt like this book had a lot more generalizations and less actual numbers. Certainly there were statistics but they didn't seem to be in the same concentration as the original. If you are interested in this book and have read the original then my advice would be to find something different.
11 people found this helpful
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- Vincent
- 14-11-2019
Impactful, practical, obtainable!
The narrator, in the end, ended up being very encouraging to my journey to wealth.
4 people found this helpful
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- Andy
- 30-10-2019
Worthwhile follow up to a must read original
A nice follow up, but could probably be summarized as: the majority of data outlined in the original generally still holds true in the 2010’s. Many example characters used to outline the same general personal finance concepts. Nevertheless, after reading the original version I had been wondering what a modern view of the data would show, so as I said, worthwhile.
6 people found this helpful
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- Scott
- 28-12-2020
Just read the original
This book could be summed up in one sentence: "all of our original findings from 1996 still hold true today". Yet somehow, they made an entire book of it.
2 people found this helpful
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- Kimberly
- 09-01-2021
Good even if a bit redundant at times
Good. Principles are solid but sometimes seem a bit redundant. Overall great book. Especially if someone is looking for behaviors to emulate those that have made and kept substantial wealth.
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- Jenn
- 07-01-2021
Motivational
I enjoy reading Thomas J Stanley’s work along with Ramsey Solution Authors. It helps keep you on track to reach your personal goals with the ultimate goal of being Financially independent. No gimmicks or quick fixes just the repeated Mantra “slow and steady wins.”
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- S
- 05-01-2021
Great story but should include their behavior
Read the whole book all the way, it's good and learned a lot about it, but needs to get successful people such as interviewing Bill Gates and Warren Buffett. Also should describe the in-depth behaviors that cause successful people to become millionaires to become rich. Information about constantly exercise for 30 minutes 3-4 days a week, maintaining a good/close relationship with positive people, etc should be included.
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- Erik
- 05-01-2021
So important to be financially literate.
I wish everyone could be more savvy with their finances and building wealth, wouldn’t have to rely so much on handouts and be enslaved to perpetual debt.
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- Thomas Martin
- 22-10-2020
Good continuation of the Millionaire Next Door
I appreciate the work and continued support for our efforts to save, invest, and become the next round of the financially independent. Thomas
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- Genaro
- 20-10-2020
very good
simple easy to understand , to apply, to remember. first part is a must before lesson
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- Anonymous User
- 07-09-2020
A good sequel
to "The Millionaire Next Door" Updates some data from the previous book. Corrects misunderstanding of the previous book. And most importantly: - brings the new technologies into play - e-commerce, internet business - shows its effect on the millionaire community - presents what has perished and what persisted in terms of rules of becoming a millionaire over the last 4 decades. (Hint: most rules still apply)
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