Goodreads helps you keep track of books you want to read.
Start by marking “The Millionaire Mind” as Want to Read:
The Millionaire Mind
Enlarge cover
Rate this book
Clear rating
Open Preview

The Millionaire Mind

4.11  ·  Rating Details  ·  10,848 Ratings  ·  199 Reviews
The Barnes & Noble Review
Who is the average millionaire? Does he eat gourmet or fast food? Does he drive fancy cars, take chic vacations, and indulge wherever and whenever he can? Or does he resole his shoes, turn off the air conditioning when he leaves the house, and spend a lot of time at home with close friends and family? Through his surveys of over 1,000 milliona
Paperback, 416 pages
Published August 2nd 2001 by Andrews McMeel Publishing
More Details... edit details

Friend Reviews

To see what your friends thought of this book, please sign up.

Reader Q&A

To ask other readers questions about The Millionaire Mind, please sign up.

Be the first to ask a question about The Millionaire Mind

How to Win Friends and Influence People by Dale CarnegieThe 7 Habits of Highly Effective People by Stephen R. CoveyThink and Grow Rich by Napoleon HillGood to Great by James C. CollinsGetting Things Done by David Allen
Best Business Books
55th out of 536 books — 960 voters
Freakonomics by Steven D. LevittThe Art of Startup Fundraising by Alejandro CremadesThe 7 Habits of Highly Effective People by Stephen R. CoveyGetting Things Done by David AllenGood to Great by James C. Collins
Books Every Businessperson Should Read
147th out of 289 books — 193 voters

More lists with this book...

Community Reviews

(showing 1-30 of 3,000)
filter  |  sort: default (?)  |  Rating Details
Chad Warner
Oct 28, 2012 Chad Warner rated it really liked it
I liked The Millionaire Next Door (my review) so much, I had to read this book for its further exploration of the lives of millionaires. It spends a lot more time on the personal lives of millionaires, revealing insights about their marriages, pastimes, and shopping habits. Overall, I liked it even more than The Millionaire Next Door.

I liked the points that creativity and hard work are more important than academic performance, and that the proper career is the key to both wealth and enjoyment. I
Zachary Slayback
Dec 25, 2015 Zachary Slayback rated it really liked it
Shelves: entrepreneurship
Great follow-up to The Millionaire Next Door

If The Millionaire Next Door was a look at what America's affluent look like, The Millionaire Mind is a look at how they think and live, and why. I liked TMND more, but this is a different kind of book. It more looks at habits and ways of thinking than simply at how people live. It also has a bit of a self-help vibe to it that detracts from the overall message of the book -- this can be overlooked, but does take away in the end.

Don't listen to the ant
Sep 30, 2014 Linda rated it really liked it
I liked it for the same reason as "The Millionaire Next Door":

1. If you skip past all of the charts and graphs, it's easy to read.
2. A few basic points: Millionaires are a lot more thrifty, stability-oriented, marriage-oriented, and a lot less orgies-and-Jaguars prone than most people would think. They look for deals, they don't waste cash, they marry for long periods, and build their businesses.
3. Biggest and most overdone point: millionaires do NOT rate overly high on standardized tests, they
Apr 16, 2012 Bobby rated it really liked it
I love this book because it debunks so many of the ideas about what it takes to be wealthy. It tells of stories of people who make $30,000 a year but are millionaires because of the way they have managed their money. One of the major mind shifts I realized is the difference between the perceived life of wealthy, and how one essentially needs to stop caring about what others think about them, and live financially smart. This is proven with statistics like 70% of millionaires shop at thrift stores ...more
Adriane Devries
Feb 09, 2015 Adriane Devries rated it really liked it
You have more statistical chance of getting leprosy than winning the lottery. If, like many people, you would rather accumulate cash than rotting, decaying flesh, perhaps you ought to read the findings of Thomas Stanley, PhD, who has stalked American millionaires in their clustered enclaves to discover the secret to their financial success. 733 of them agreed to answer his probing questions for hours and hours to give us news both good and bad. The good? They are often of quite humble origin, wi ...more
Andy Valen
May 08, 2008 Andy Valen rated it liked it
Good book with somewhat surprising secrets of wealthy people. The book is based on an enormous survey of millionaires. It basically boils down to this: Millionaires are not wealthy because they make a great salary, they are wealthy because they save their money. There are plenty of people who make a big salary and buy lots of great things, but all too often they are in debt and have no real "wealth" saved up. The book seems to hammer this point in over and over again. Basically, avoid having a b ...more
Jun 06, 2010 Robert rated it it was ok
Having read or at least listened to in the car the earlier volume The Millionaire Next Door and so enthusiastically that I sent copies to the children I went on to this one. It shows that Danko must have had considerable influence over the first book. Stanley alone is meaner, shallower, and puts a bit more emphasis on any correlation between strong religious values and this type of success. There is a consistent negative tone of judgment and rebuke. Where the first book firmly informed, this one ...more
Oct 04, 2010 kate added it
not my usual pick, I don't focus on 'get rich' reads - money in and of itself is not a topic I pursue with a lot of passion. It's the passion that comes first - right?

Anyway, this was interesting because it taught me focus and that time is money. The things millionaires had in common surprised me - and would surprise my frugal friends who will drive an hour to the cheaper gym to save a few dollars as opposed to joining the one on their street.

Same with mr fix it himself who takes forever, pulls
Aug 08, 2015 Alex rated it really liked it
This is certainly a better read than his Millionaire Next Door. It's more streamlined, being less bogged down with overwhelming statistics. I'd recommend reading this one first, and then skimming MND.
Feb 14, 2015 Edwin added it
An interesting and inspirational read that debunks the myths we have all heard about the rich. This willt give anyone wishing to pursue success a sure footing. I will definitely read it again.
Dec 01, 2012 Howard rated it really liked it
The Millionaire Mind offers insight as to how people of wealth think about money. Most interesting to me was looking at people who came from very little means and built their fortune from nothing. Many of these people have fairly simple lives and don't do (nor do they enjoy doing) extravagant things. In many respects they employ basic financial concepts but are also able to look at finances in a unique manner. The connection for me and the take away is that while one may not become a millionaire ...more
Joseph T Farkasdi
If this book don't enlighten you into the thought process and outlook of the New Rich in our society, then I don't know what will! Thomas's research is profoundly insightful, digging deep into the lifestyle and, more importanly, into the mental traits of the rich. The most significant discovery of his study is how the rich are so very much like the rest of us, only they have a pattern of mental and behavioral traits that distinguish them and, ultimately, lead them down the road to success. If yo ...more
Sep 19, 2009 Larisha rated it really liked it

In "The Millionaire Mind" you will discover answers to questions like:

*** What success factor made them wealthy in 1 generation?

*** How do they find the courage to take financial risks?

*** How did they find their ideal vocations?

*** How do they run their households?

*** How do they buy and sell their homes?

*** What are their favorite leisure activities?

In "The Millionaire Mind", Dr. Thomas Stanley tells us how America's wealthy got there and perhaps even more importantly, how you can become one o
Jul 02, 2009 Ethan rated it did not like it
Shelves: nonfiction
Garbage. The portion of the book that isn't retread from The Millionaire Next Door contains specious reasoning ("correlations") and the author's fairly lame opinions on how to lead your life. So standardized test scores and grades don't predict success in the business world? Well--duh! How many times do you have to repeat that for it to sink in? Sounds like a certain author's counselor told him he was stupid as a kid. I have to believe in God to make money and be happy? I guess so. Than ...more
Nov 10, 2012 Chhun rated it really liked it  ·  review of another edition

One phrase is really touching my heart. It said, if there is no one employing me, I'm gonna employ me by myself. That was word from millionaires. You can see the different between what millionaires think and what we think. And you? What would you do if no one employs you? If you can't find a job? You wanna employ yourself? I m
DianeK Klu
May 27, 2015 DianeK Klu rated it liked it
I will never complain about my husband being "frugal" ever again. He has the millionaire mind set. Me....... not so much.
Esther Dan
Feb 22, 2015 Esther Dan rated it really liked it
Great book! Ethics of everyday people that are millionaires and their disciplines with money, time, courage, education and sacrifices.
Dec 07, 2015 Patti rated it did not like it  ·  review of another edition
Reading on the strong recommendation of a friend...on page 86 out of way too many and not thinking it is going to get better. Here's the fundamental flaw that makes me want to alternately throw the book across the room or just plain yell: millionaires indeed have some good advice - thoughts on how to live a prudent, temperate, well-ordered, joyful life. The book has recommendations that are inherently good: the practice of self discipline, creativity, perseverance even if your book smarts aren't ...more
Feb 16, 2011 Jacob rated it really liked it
When I started this book I wasn't clear how it would be much different than "The Millionaire Next Door." Soon it did become clear to me. This book set out to share "economic success factors" based on research according to the authors proven style. I found the read both entertaining and insightful. Well done again!
Pierre Lauzon
Jan 31, 2014 Pierre Lauzon rated it liked it
This book is a follow-up to the more famous The Millionaire Next Door and is a worthy effort. The first book upset stereotypes and understanding of who millionaires are and what they do. This book is a more in-depth statistical analysis. It has 46 tables (some extensive) in 405 pages of text.

The major separation of thought in the text is between those the author calls Income Statement Affluent vs. Balance Sheet Affluent - making money is not the same as keeping and growing it. The book also upse
Jamie Holcomb
I found this follow-up to The Millionaire Next Door to be rather less interesting and less applicable to “regular people.” For one thing, it is focused less on low-level millionaires and more on those with between five and ten million dollars; a person with an upper five-figure income and frugal habits might break a million in net worth, but would not be in that five-to-ten club. Almost all of the people he talks about are successful entrepreneurs. The section on house buying is perhaps the most ...more
Keith Sorensen
Aug 06, 2014 Keith Sorensen rated it it was amazing
This is at least my second time through this book (and parts I've read at least three times), and the larger themes became a lot more clear and apparent to me this time through. Although they are explicitly stated time and again, it took listening to the case studies and anecdotal evidence to make the ideas "click" with me. I'm in my mid-thirties, have small children, and am starting to look toward retirement and financial independence, so I guess my mind and emotions were a little more receptiv ...more
Feb 23, 2014 Tony rated it really liked it
There are many books on how to get financially wealthy, and I believe that many of their theories and explanations are feasible and accurate. However, through Dr. Stanley's work, we get a glimpse of what traits the typical Millionaire actually possesses. What things have they done in their lives to gain the wealth they have? What values do they possess? I think that you will find, like I did, the answers to be different than you had supposed.

I would highly recommend The Millionaire Mind, along w
Sep 02, 2008 Ben rated it it was amazing  ·  review of another edition
Recommends it for: Anyone interested in financial arenas.
From the author of The Millionaire Next Door, this is a continuation, or rather the author going more in depth in his studies of millionaires. Dr Stanley has studied millionaires for more than 20 years and, while The Millionaire Next Door gave glimpses of what the typical millionaire was like, this gets into the typical mindset of most millionaires and multimillionaires. Two words describe this book: INTENSELY INTERESTING. Very enlightening and, like the author says countless times, the typical ...more
Matt Soderstrum
Apr 07, 2014 Matt Soderstrum rated it really liked it
People are millionaires in our country, not because they are more lucky than the average person - nor are they smarter or win the lottery. Basically people are millionaires because they think and act differently from the rest society. Stanley's book focuses on how they act and think differently. This book is a good read - although at points it is somewhat tedious in going through his research and statistics.
Scott Lee
Dec 06, 2015 Scott Lee rated it really liked it
Unlike Millionaire Next Door, which seemed geared to readers interested in becoming wealthy, this book feels geared at readers who are merely fascinated by the wealthy. A lot of the information here is boils down to principles that are further beyond the means of the average American to put into play. For example Stanley refers repeatedly to the millionaire's use of CPAs, Tax Attorneys, and investment advisors--none of which are affordable options for those of us who don't already merit the atte ...more
Dottie Resnick
Jul 15, 2015 Dottie Resnick rated it liked it
Interesting read, giving ideas, suggestions, statistics and insights into the mind of the more ordinary millionaire, than what one normally associates as a millionaire. Not the glitzy, extravagant millionaire, but the everyday person who one may or may not identify as being a millionaire. Some outstanding suggestions and principles for which to strive.
CV Rick
Aug 22, 2014 CV Rick rated it liked it
I've been going about this all wrong.

It's frustrating, but not too late to adjust some things.

That's the main lesson here. I need to approach life a bit differently.

It's good and chock full of fascinating survey results. It's a peak into stability and background. I liked that.

But I couldn't help feel like it's accusatory . . . "why didn't you do it like this?"
Desiree Wills Velazco
There was a lot of interesting statistics, but some of them were twisted so the author could make a personal opinion about it and sometimes he contradicted himself. I enjoyed the anecdotes the most. My rating was due mostly to the fact that it was too much of the authors opinion twisted to look like fact.
« previous 1 3 4 5 6 7 8 9 99 100 next »
There are no discussion topics on this book yet. Be the first to start one »
  • The One Minute Millionaire: The Enlightened Way to Wealth
  • Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth
  • The Millionaire Maker: ACT, Think, and Make Money the Way the Wealthy Do
  • The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss
  • Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth
  • Thou Shall Prosper: Ten Commandments for Making Money
  • The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich
  • Real Estate Riches: How to Become Rich Using Your Banker's Money
  • See You at the Top
  • Rich Dad's Guide to Investing: What the Rich Invest in That the Poor and Middle Class Do Not!
  • The Wealthy Barber: The Common Sense Guide to Successful Financial Planning
  • Rich Woman: A Book on Investing for Women, Take Charge Of Your Money, Take Charge Of Your Life
  • Own Your Own Corporation
  • The Science of Getting Rich
  • Loopholes of the Rich: How the Rich Legally Make More Money and Pay Less Tax
  • Why We Want You To Be Rich: Two Men, One Message
  • Sales Dogs: You Do Not Have to Be an Attack Dog to Be Successful in Sales
  • No More Mondays: Fire Yourself -- and Other Revolutionary Ways to Discover Your True Calling at Work
Dr. Thomas J. Stanley began studying the affluent in 1973. Stanley was a marketing professor at Georgia State University, a public speaker and consultant on selling to the rich.

More about Thomas J. Stanley...

Share This Book

“Luck and risk taking go hand in hand.” 0 likes
“most millionaires generally don’t limit themselves to stocks, bonds, and related investments—they invest heavily in private businesses and real estate.” 0 likes
More quotes…