Summary of The Millionaire Next Door: The Surprising Secrets of America's Rich by Thomas J. Stanley & William D. Danko - Summareads Media - E-Book

Summary of The Millionaire Next Door: The Surprising Secrets of America's Rich by Thomas J. Stanley & William D. Danko E-Book

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The Millionaire Next Door, by Thomas J. Stanley and William D. Danko, is an excellent look at the life of the average American millionaire.
What do you think of when you see the word millionaire?

If you’re like most people, you probably think of nice cars, fancy houses, and Italian suits. Maybe you think of movie stars or your favorite professional athletes.

These authors show that the average American millionaire is much less conspicuous than most people think. They save their money, budget carefully, and even do some pretty boring jobs.

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Summary of The Millionaire Next Door

The Surprising Secrets of America's Rich by Thomas J. Stanley & William D. Danko

Summareads Media

Contents

Introduction: Notes from the Summareads Team

Part I

Power Principles

1. Not Who You Think

2. Save or Spend?

3. Time Is Money

4. Status and Wealth

5. Independent Wealth

6. Dividing the Estate

7. Opportunities For Growth

8. What Job Does a Millionaire Have?

Super Summary

Introduction

1. Not Who You Think

2. Save or Spend?

3. Time Is Money

4. Status and Wealth

5. Independent Wealth

6. Dividing the Estate

7. Opportunities For Growth

8. What Job Does a Millionaire Have?

Afterword

9. Not Who You Think

10. Save or Spend?

11. Time Is Money

12. Status and Wealth

13. Independent Wealth

14. Dividing the Estate

15. Opportunities For Growth

16. What Job Does a Millionaire Have?

Relevant Resources

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The summary and analysis in this book are meant to be an introduction or companion to your reading experience by providing the key principles and points of an excellent work of non-fiction. This book is not intended as a substitute for the work that it summarizes, and it is not authorized, approved, licensed, or endorsed by the original book’s author or publisher.

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Introduction: Notes from the Summareads Team

The Millionaire Next Door, by Thomas J. Stanley and William D. Danko, is an excellent look at the life of the average American millionaire.

What do you think of when you see the word millionaire?

If you’re like most people, you probably think of nice cars, fancy houses, and Italian suits. Maybe you think of movie stars or your favorite professional athletes.

These authors show that the average American millionaire is much less conspicuous than most people think. They save their money, budget carefully, and even do some pretty boring jobs.

I loved getting to read this book, and I think anyone can benefit from it. Even middle-age or older people will benefit from reading this as it might give them an opportunity to turn their money habits around.

However, young people will get the most from this book. The advice contained in these pages is especially applicable for those who have yet to enter the workforce or those who have recently graduated from college. If a young person reads and applies the advice in this book, they are likely to develop better money habits that will contribute to their long-term wealth potential.

By reading this book and following the advice it contains, we might even eventually find ourselves among the ranks of the American millionaires.