The Millionaire Next Door by Thomas J. Stanley

Stanley had preconceived assumptions or political leanings in the first book, they were not readily apparent and made the book accessible to all. The Millionaire Next Door was a compelling and objective look into data regarding millionaires, and then specific sub-groups and what made them unique. PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio. 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. They include results from quantitative studies of wealth as well as case studies of individuals who have been successful in building wealth.

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. 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 many cases, these outlets are simply experiences shared without science and case studies without data based on broader populations. 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. Government officials, journalists, and many Americans still tend to confuse income with wealth. 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.ĭespite the publication of The Millionaire Next Door, The Millionaire Mind, and others, myths about wealth in America still abound.

The Millionaire Next Door by Thomas J. Stanley