The Millionaire Next Door

There is no level of income you can't outspend.

Still a good read

When I see the 1 star reviews here, I have to scratch my head and ask why? If you really want to spend all of your income, why even bother to read a book like this one (my guess is that 1 star reviewers never read this book)and why bash it?

Frugality is a discipline and unfortunately, discipline is tough. Keeping up with the Joneses may make you feel good but does you no good. If you live for your lifestyle and spend all that you make, you'll always have to.

I know a guy that buys a new car every 6 months. Has the nicest clothes and takes two vacations a year. He owns a nice house and be sides his primary car, has a recreational vehicle and two other cars as well. I asked him how his investments are doing and he looked at me funny and said; "Investments? I can't afford investments." I later found out that he is also hocked up to his neck with credit cards. Living a little high? I think so.

The Millionaire Next Door may tell you some things you don't want to hear but does tell you what you need to hear. Stanley and Danko's very carefully researched book shows you how many average people attained great wealth even on modest means.

Stanleys followup book, The Millionaire Mind goes even deeper into the mental makeup of these millionaires.

Another book worth reading is Ordinary People Extraordinary Wealth by Ric Edelman which also profiles wealthy millionaires but from a different perspective and is worth reading for all aspiring millionaires.

For those who want to be financial savvy and learn the best personal finance strategies, I highly recommend More Wealth Without Risk by the late Charles J. Givens. Edelman's newest book, The Truth About Money 3rd edition is also a must read, pushes Givens and as a plus is the most current, complete and updated personal finance book.

The Millionaire Next Door may have been around for awhile but it is still a good read, in fact a must read for anyone who wants to make the most of their money. I would also add in another classic book, The Richest Man in Bablyon which can be read in one night but I recommend that you read it every day for a month untill the concepts seep into your conscious and subsconious mind.

Good luck to all future millionaires.

A Book Whose Time Has Come--wisdom long OVERDUE!