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The Frugal Millionaires - 70 millionaires anonymously share their ideas about money to help each oth Paperback – 2008

4.3 out of 5 stars 20 customer reviews

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Product Details

  • Paperback: 208 pages
  • Publisher: Mentor Press LLC (2008)
  • Language: English
  • ISBN-10: 0976899922
  • ISBN-13: 978-0976899921
  • Product Dimensions: 8.3 x 5.4 x 0.7 inches
  • Shipping Weight: 6.4 ounces
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (20 customer reviews)
  • Amazon Best Sellers Rank: #592,448 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Paperback
Imagine yourself in a room with seventy people from all walks of life, each of whom is immensely successful at managing their money. Then imagine that you had the time and audacity to walk up to each of them, confidently introduce yourself, and ask how they became rich. That's Jeff Lehman's book, The Frugal Millionaires, in a nutshell. The advice contained within the text is well worth the price of the book, especially if you're considering paying a financial adviser to tell you what you should be doing to improve your financial acumen.

Lehman surveyed seventy millionaires to find out their ideas about the ins and outs of money, including stocks and bonds, real estate, credit cards, and of course, taxes. He also garnered their opinions on other topics such as mortgages, clothing, travel, paying for education and retirement planning. Strangely enough, he also asked about marriage, which is an interesting aside. The responses run the gamut from well trodden to genuinely interesting and informative.

Also scattered among the pages are Lehman's own short essays on just about everything remotely related to money management. He covers the common topics of real estate marketing, car selling and buying, and his views on smart retirement planning, often injecting humor into the mix, making these diversions entertaining. He also adds odd topics, like his favorite spending advice from horoscopes. The reader is getting the full scoop here.

Within the 191 pages of the paperback version are more than three thousand years of financial advice, assuming the average age of the millionaire interviewed was fifty. The result is a book that contains more apropos information than found in a year's worth of "Wall Street Journals."

Armchair Interviews says: If you're feeling like it is time to brush up on money management, then this book is for you.
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Format: Paperback
I found The "Frugal Millionaires" to be an insightful book with complex ideas made simple and easy to understand. Though I do a pretty good job monitoring my finances, the book made me re-evaluate my spending habits and helped me stay focused on my retirement investment goals. Of the top fifteen best practices illustrated in the book, "nickel and dime you to death daily spending" hit home the most. Now in an effort to save more money for investing, I ask myself if I really need that Starbuck's and try to eat at home more often. If more Americans were smarter with their money, the country probably wouldn't be in the financial crisis that it is in today. I'm recommending this book to my family and friends!
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Format: Kindle Edition Verified Purchase
If you guys have read the millionaire next door, it is basically a summary of the book, but leaving out all the details. It is newer, so it has more current "things" that it referrs to. The Kindle version is very hard to follow, you see the responses from each millionaire but they run together, and are very hard to follow. I enjoy reading this material, so I did enjoy the book - but I wish someone would have written a more honest, and unbiased review before I bought it.
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Format: Paperback
This book was really enjoyable. I actually could not wait to turn the page, curious about the next best tip! And as an added bonus, the author was quite humorous.

The timing could not be better, now that our country is in an enormous economic crisis! We are all feeling stressed and under pressure to save! The advice reveals numerous clear strategies that will result in greater financial security no matter what one's current economic status.

Also it occurred to me this would be a great book for young adults who are just venturing out on their own and do not know the first thing about "the value of a dollar".
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Format: Paperback
This book seems to be lacking on content. Supposedly this book contains short quotes from 70 millionaires on lots of topics. The problem with this is that you only get a few short sentences. There isn't enough content to provide valuable feedback on a lot of the topics covered in this book. On top of that, by only providing a couple short sentences from each "millionaire" you get contradicting opinions (i.e. always get a mortgage vs never get a mortgage...). Overall, I didn't find a whole lot of information helpful in this book. If you want a real picture of millionaires, I'd suggest The Millionaire Next Door.
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Format: Paperback
Lehman's book, The Frugal Millionaires, is a breath of fresh air, contrary to the media's consumerist depiction of lavish spending being a key ingredient to becoming a millionaire. The millionaires I know, like Lehman's interview subjects, are people who look just like everyone else, are smart business people, incredibly generous with charitable projects, and rarely spend recklessly.

General concepts on wealth-building are very important - and that's coming from someone who marketed personal financial education books such as Kiyosaki's Rich Dad, Poor Dad series - but I particularly value the specific practical tips Lehman offers over and over, since that is where the rubber meets the road in building wealth.

I appreciate the format of the book - as an easy-to-read guide - so when I'm dealing with a particular subject, like how to handle stock options, taxes or credit cards, I can flip to that section and have 70 millionaires in my back pocket giving me their advice on the matter. Brilliant!

I'm more than recommending it - I'm buying this for friends and family this Christmas - it's a timely gift to loved ones in our current economic climate!
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