The Millionaire Mind
Author: Thomas J. Stanley
List Price: $26.95
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ISBN: 0740703579
Publisher: Andrews McMeel Publishing (01 January, 2000)
Sales Rank: 709
Average Customer Rating: 3.53 out of 5
Customer Reviews
Rating: 5 out of 5
See into the Millionaire Mind
This excellent book takes a look inside a typical millionaires mind.Interesting stats. Less than 2% have inherited wealth. 98% were self made.Few scored 1400 or higher on their SATs.They became rich without compromising their integrity.Most are married and have chldren and feel that a family complements, and does not compete with success.Vocations are not work, but a labor of love.They are financially indepenent and live a comfortable, not a extravagant lifestyle.They live in fine homes. They are home owners, not renters. They also tend to buy homes when others are selling.Most live in homes that were built over 40 years ago. ONLY 10% live in homes that were built in the last 10 years.32% are business owners. 16% are senior executives. 10% are attorneys and 9% are physicians. Business owners overall are the richest of the group.They attribte their success to these top five success factors:Integrity-being honest with all people.Discipline-applying self controlSocial skills-getting along with peopleA supportive spouseHard work-more than most peopleThe Millionaire Mind is a good read. Great complement to The Millionaire Next Door. I also recommend Marketing to the Affluent by Stanley.
Rating: 5 out of 5
Finally, a Tribute to the "Leisure Class"
Ever since Thorstein Veblen wrote "The Theory of the Leisure Class," the critics of capitalism (including politicians and Hollywood producers)have delighted in bashing the rich for their "conspicuous consumption," prospensity to divorce and find trophy wives, engage in white-collar crime, and avoid paying their "fair share" in taxes. Now along comes the exhaustive work of Professor Tom Stanley, concluding that the millionaire wealthy class is in reality the model citizen! 92% are married and have been with their first wife for an average 28 years; they live well below their means; 40% have paid off their mortgage; few inherited wealth; over 90% are college graduates; most are not in the top of their class, but average "B" or "C" students; they avoid the lottery and gambling, and enjoy spending most of their time with their family or playing a game of golf with friends; 37% are deeply religious people who attend church regularly; integrity in business is their # priority, and they pay most of the income taxes in this country!
It's great to finally read a book defending the wealthy and the truly successful in this country.
My only gripe: The book has no index!
Rating: 2 out of 5
This book will bore you if you read the first one
A whole lot of nothing is in this book. I was very dissapointed because I thought there would be something new. But if you already read the first book, then I suggest to you to stay away from this one. There were a few interesting stories like the guy who sold salvaged truck parts and became a millionaire, but other than that, it is a total loss. It is basically a paper weight in my house now. Very dry reading as well. Like many other reviewers have said. Dryer than the first book, and that is hard to top.Also, someone is inflating (and deflating) the helpfullness votes for most of the reviews here. Take a look: If the review is a positive, then it would get over 50-100 helpful votes. And if it was a negative review, it would receive the opposite, 50-100 unhelpful votes. Can you guess which votes I'm going to get? If it's the author himself doing this, then you are a sad sad man.
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