Bob Grommes's Reviews > The Millionaire Next Door

The Millionaire Next Door by Thomas J. Stanley
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's review
Feb 14, 2010

it was amazing
Read in February, 2010

Recommended without reservation to anyone financially supporting their adult children, considering doing so, or being pressured to do so. This is the book that coined the term "Economic Outpatient Care" and systematically documented its ill effects on parents and children alike.

It's also an eye-opening antidote to the pop culture image of wealth and its supposedly necessary trappings. Many wealthy people live a middle class lifestyle amongst middle class and blue collar folk, and that is one of the secrets to their accumulation of wealth: living well within or below their means.

Also included are thought-provoking definitions of "wealthy" that demonstrate that a comfortable existence is within the reach of any hard working, motivated individual. Many of the wealthy come from poverty or the middle class and do it in a single lifetime; most do not inherit their wealth and those that do are most often not better off for having done so.

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Reading Progress

05/17 marked as: read

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