Book Bearings
The Millionaire Next Door
- 258 pages · about 4 hours
- First published 1996
- 21 editions
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1 About this book
The Millionaire Next Door: The Surprising Secrets of America's Wealthy, published in 1996, is a book by Thomas J. Stanley and William D. Danko based on their research into American millionaires. The authors compare the habits of what they call "prodigious accumulators of wealth" with "under accumulators" who earn well but build little. They find that many millionaires live in middle-class and blue-collar neighborhoods, and argue that wealth comes more from steady saving and living below one's means than from inheritance or a high income.
- Economics
- Business & economics
- Motivational
- Rich people
- Millionaires
- Richesse
- Saving and investment
- Riches
2 What to expect
A study of how wealthy Americans actually live, built on the authors' research into millionaire households. It contrasts people who build wealth steadily with high earners who spend their income on status and luxury, and finds many millionaires in ordinary middle-class neighborhoods. The tone is plain and explanatory, with a focus on saving, spending and investing habits more than on personal stories.
Good for readers who want: economics and business.
3 About Thomas J. Stanley
Bio adapted from Wikipedia (CC BY-SA 4.0)
4 More by Thomas J. Stanley
5 Similar books
- The Wealth of Nations by Adam Smith
- The 48 Laws of Power by Robert Greene
- The Psychology of Money by Morgan Housel
- Freakonomics by Steven D. Levitt
- The Science of Getting Rich or Financial Success Through Creative Thought by Wallace D. Wattles
- Outliers by Malcolm Gladwell
- Money by Tony Robbins
- Debt by David Graeber