Waterstones The Millionaire Next Door
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Price: £17.99
Brand: Waterstones
Description: Why aren't I as wealthy as I should be? Many people ask this question of themselves all the time. Often they are hard-working, well educated middle- to high-income people. Why, then, are so few affluent. For nearly two decades the answer has been found in the bestselling The Millionaire Next Door: The Surprising Secrets of America's Wealthy, reissued with a new foreword for the twenty-first century. According to the authors, most people have it all wrong about how you become wealthy in America. Wealth in America is more often the result of hard work, diligent savings, and living below your means than it is about inheritance, advance degrees, and even intelligence. The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. You will learn, for example, that millionaires bargain shop for used cars, pay a tiny fraction of their wealth in income tax, raise children who are often unaware of their family's wealth until they are adults, and, above all, reject the big-spending lifestyles most of us associate with rich people. In fact, you will learn that the flashy millionaires glamorized in the media represent only a tiny minority of America's rich. Most of the truly wealthy in this country don't live in Beverly Hills or on Park Avenue-they live next door.
Category: Books
Merchant: Waterstones
Product ID: 9781630762506
Delivery cost: 2.99
ISBN: 9781630762506
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Author: a13y
Rating: 5
Review: Very insightful
Author: tallmanbaby
Rating: 3
Review: This is a rather American book, consistently using American expressions, not all of which will be understandable by a British audience. Presumably if you buy this book, then you would rather like to be a millionaire. This book is very much focussed on the sort of blue-collar millionaire, who has done okay, but not miraculously well. The secret to being a millionaire apparently is to earn more than average, but to live well within your means. This is illustrated at great length with tables, which tend towards the microscopic on a Kindle, and examples like the frugal Dr North and his more lavish neighbour Dr South. There are also fictional quotes, I can tell they are fictional because in common with the authors the "interviewees", really like the word congruent. I can imagine people paying a lot of money to go along to a day long presentation of this sort of stuff, and it is done reasonably well, but it is like a symphony consisting of one note. It is reasonably easy to read, and the authors do mix it up a bit, to keep your interest, but like the frugal millionaires it talks about, it is more worthy than amazing.
