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Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen
Eight years ago, Dr. Thomas J. Stanley swept aside the mythical magic curtain of wealth to reveal The Millionaire Next Door. America found out just who and how common the truly wealthy were in this country¿and we learned the characteristics and habits that made them so. Now the author of the follow-up The Millionaire Mind focuses on one of the least understood but increasi...more
Hardcover, 320 pages
Published
May 1st 2004
by Andrews McMeel Publishing
(first published 2004)
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After
The Millionaire Next Door
made me feel so down on myself, I wasn’t as enthusiastic about reading Millioniare Women Next Door as when I first ordered it from my library. But when it finally arrived a few weeks later, I figured I might as well bite the bullet and have another unpleasant look in the financial mirror.
Surprisingly, the book turned out to be much more inspirational than the first. The author does revisit many of the same themes – the importance of thrift, the dangers of economi...more
Surprisingly, the book turned out to be much more inspirational than the first. The author does revisit many of the same themes – the importance of thrift, the dangers of economi...more
In A Nutshell:
The Millionaire Next Door and The Millionaire Mind had revolutionized the way that I thought about money--or maybe it is more accurate to say that these books changed the way I aspire to approach money. No longer did it seem impossible to be financially independent even on the salary that I currently make and the salary I can hope to make in my current career (which I do love and I do feel utilizes my talents and aptitudes).
But those books did have a very strong focus on male milli...more
The Millionaire Next Door and The Millionaire Mind had revolutionized the way that I thought about money--or maybe it is more accurate to say that these books changed the way I aspire to approach money. No longer did it seem impossible to be financially independent even on the salary that I currently make and the salary I can hope to make in my current career (which I do love and I do feel utilizes my talents and aptitudes).
But those books did have a very strong focus on male milli...more
Thomas J. Stanley, Ph. D., author of many analytical books on the lifestyles and habits of the wealthy in America, including The Millionaire Next Door and The Millionaire Mind, has now provided this most superb insight into the Millionaire Women Next Door. It provides a voyeuristic view into what makes the female millionaire psyche: her family of origin, education, failures, and performance compared to her male peers, complete with charts and graphs and indices. Of his hundreds of in-depth surve...more
This book was very interesting and inspiring. Someone had recommended The Millionaire Next Door to me, but my library didn't have it in, so I got this one. I think his title including the word "millionaire" gives the impression that perhaps he is going to preach about chasing wealth and getting rich, which is not at all the case. He profiles the conservative and hardworking behaviors and lifestyles of people who are actually financially independent and contrasts that with what symbols society us...more
I enjoyed this book, but not because it's a "self-help" or "how-to-become-a-millionaire-yourself" read. In the first part of this book Stanley shares lots of statistics and general profiles. My favorite chapters--twelve, thirteen, fifteen, sixteen, and seventeen--profiled a few people and provided more concrete personality traits and habits that were key to each of the people Stanley profiled being successful in achieving financial independence.
Like several of the other reviewers, I was especial...more
Like several of the other reviewers, I was especial...more
I will give this one 2.5 stars.
I wasn't overly impressed with the book, simply because the information was so basic it almost seemed silly: first thing to do to become a millionaire is to own your own business, and the second thing to do is to save and invest like crazy.
However, I really think it made judgments on how people should spend their money. We all enjoy different things in life. While I would certainly never spend over $100 on a watch or shoes, and I have no interest in expensive cars...more
I wasn't overly impressed with the book, simply because the information was so basic it almost seemed silly: first thing to do to become a millionaire is to own your own business, and the second thing to do is to save and invest like crazy.
However, I really think it made judgments on how people should spend their money. We all enjoy different things in life. While I would certainly never spend over $100 on a watch or shoes, and I have no interest in expensive cars...more
The Millionaire Next Door copy has been lost from our library, so I picked up this book instead. I already knew the basic premise of the book - everyday people (women) living frugally and acquiring wealth - but still found it intriguing. One of the most important things I took away is that as a parent, I need to explain money to my children - especially to my duaghter. I need to teach them how to earn it, what to do with it and to be generous with it. And I also left feeling motivated to acquire...more
A follow-up to "The Millionaire Next Door", "Millionaire Women Next Door" highlights the lifestyle trends of millionaires, only this time the focus is solely on wealthy women. A low profile, low consumption, frugal way of living appears to be the trend amongst the majority of these millionaires "next door". These profiled female millionaires are some of the wealthiest yet also some of the most generous givers in our country donating to charitable causes, granting forgiveness loans to friends and...more
I really wanted to like this book. "Millionaire Women Next Door": who could *not* be attracted to a book with a title like that? Unfortunately, this book did not meet my high expectations. It's a great book if you are the parent of a little girl, and want to know what to do to give her the best chance of one day becoming a self-made millionaire. It's a great book if you enjoy reading random statistics on groups of people. However, if you are already grown, if you are not the parent of a little g...more
I've heard people refer to 'The Millionaire Next Door' for years. The library didn't have that one in stock so I read the women's version. It was not what I expected but it was interesting. I felt the study and findings about women millionaires was interesting, but I felt the writing itself wasn't great...the set up of facts and information was a little lacking, and the organization was often confusing. This is another book I read just so I could know what others were talking about. Now I know.
This book was well written with a lot of interesting facts about millionaire women in the world. I learned a lot about the mind set of many of these women and some of the practices that made them millionaire's. They think differently than many people and these thoughts and habits helped to create their wealth. Some of the facts were surprising because they didn't fit with the stereotype of millionaire women that the media puts out to the public. These women don't drive the most expensive new car...more
Well, I read this to get a better outlook on my future and it did not do that much really. It is not a terrible book but it was not as insightful as I had anticipated. It is story after story of how a millionaire woman has made her fortune by hand. Most are thrifty and all have a do or die trying attitude. This I had already figured was a mindset needed before I read the book and that theme is pounded over and over and over again. The book was very redundant. The stories were interesting enough....more
Interesting- but not as much insight as the original Millionaire Next Door. To echo my comments on the original book- this book is not about women who have inherited family money, it's about women who have earned it through their own efforts and hard work and managed it well. It's a very motivating book.
I go through this book at least twice per year. It's very motivating in that I can identify with the "type A" women in the book. I also love the author's section on "Why not run the family office?" where she talks about stay-at-home moms. I totally agree that becoming a millionaire has much to do with the money you make...as opposed to how much money you make. I totally love this book!
A worthwhile read about a unique group of hardworking American women who have the drive, persistence, and self-efficacy to reach their financial and life goals. This book is research-based vs. a book like 'Rich Dad, Poor Dad' which was based primarily upon one man's experience. Educational and inspiring.
A must read for anyone interested in accumulating wealth and/or personal finance. The author provides a wealth of information based on recent studies and interviews. A real eye opening page turner. Don't be intimidated by the academic approach this books takes to prove its' point.
Like his other books, Thomas Stanley did a lot of interesting research to reveal that millionaires are not different than what is commonly thought. This had a unique emphasis on women and their nurturing character. I enjoyed the book.
I think this was a great followup to the Millionaire next door. I loved reading about women in business! I am most grateful, however, for the chapter about housewives who run "the family office". I most related to that category of women. All-in-all a great reminder that women should not shy away from owning businesses or learning about and making investment decisions for their families.
My favorite part? Women who took charge of the budget while staying home were the ones that led their families to financial peace. Her money management took their single income to greater heights.
I thought this might be a boring read, but on the contrary Mr Stanley made it very interesting. I learned a lot and decided to read Millionaire next door afterward.
Dry, nearly unfinishable. Lots of statistics, difficult to determine validity of data. Takeaways: own your own business, work hard, don't be spendy, don't be flashy.
This book is absolutely amazing! It gave me a lot of in site on how to become a millionaire and it also let me know that anyone can become a millionaire!
Pretty good book explaining women who are millionaires and you'll be suprised who they are and how they are different than male millionaires.
too many stats and not enough personal details! I could have did a google search and crossed this information. I was disappointed.
Interesting book. I read this one because all copies of "The Millionaire Next Door" were checked out of the library.
Jan 01, 2009
Robin
marked it as to-read
Learn about the difference of wealthy women and their quiet journeys to success.
It is always great to read about how the rich really live. Frugally and with great humility unlike what most people would imagine. Also it is great to keep my spirits up that if other people can start from where I am just working a 8-5 job and they can get out and be millionaires then so can I.
Very interesting statistics and stories. A good go-get-'em read.
this books is another prove that women are very giving people
A should-read book on finance for women in business.
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