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The Millionaire Mind Paperback – August 2, 2001
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Besides offering insights into millionaires' pinchpenny ways, pleasing quips ("big brain, no bucks"), and 46 statistical charts with catchy titles, Stanley's book booms with human-potential pep talk and bristles with anecdotes--for example, about a bus driver who made $3 million, a doctor (reporting that his training gave him zero people skills) who lost $1.5 million, and a loser scholar in the bottom 10 percent on six GRE tests who grew up to be Martin Luther King Jr. Read it and you'll feel like a million bucks. --Tim Appelo --This text refers to an out of print or unavailable edition of this title.
From Library Journal
Copyright 2001 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
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Top Customer Reviews
In "The Millionaire Mind" you will discover answers to questions like:
*** What success factor made them wealthy in 1 generation?
*** What part did luck and school grades play?
*** How do they find the courage to take financial risks?
*** How did they find they ideal vocations?
*** What are their spouses like and how did they choose them?
*** How do they run their households?
*** How do they buy and sell their homes?
*** What are their favorite leisure activities?
"The Millionaire Mind" is a awesome book. To become a millionaire you have to think like one. This book tells you how.
I also recommend "SuperSelf" by Charles Givens and "The 7 Habits
of Highly Effective People" by Dr. Covey to further enrich your life with positive proven strategies.
I can't say that I enjoy this book more or less than "The Millionaire Next Door" and don't understand some reviewers who try to make comparisons. It's more like apples and oranges. The books are different and intended to be as companions, not in place of the other.
I would recommend reading "The Millionaire Next Door" first though or at least in addition to "The Millionaire Mind."
Dr. Stanley, excellent book and I am looking forward to your next foray.
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!
In my view, The Millionaire Mind is flawed on two accounts. First, the "Average Millionaire" in this study had an income of about $750,000 per year and a net worth in the $9,000,000 range. To me expanding the study to this very high net worth range is a mixable of two very different populations. It's just not that interesting to know how corporate CEOs and the like manage to accumulate millionaire status on their meager $750,000 salaries.
Secondly, unlike in The Millionaire Next Door, the attributes measured in this book are not objective or verifiable in nature. Millionaire's self-describe the attributes leading to their success as being such things as: honesty, integrety, courage, etc. This would be great if these attributes were not self-assigned. As such, I'm not inclined to put much faith in this information.
Finally, one intersting finding is that millionaires often were not good students, and lacked high IQs. Some may have had feelings of inferiority. This is good objective information. However, it was presented with great redundancy througout the book.
As one of the "Millionaires Next Door" I find it hard to relate to this book or to draw that much from it. Stanley's first book was brilliantly representative of the lives of the typical millionaire, and presented a practicle road map for others.
Most Recent Customer Reviews
Great read very interesting. ..very helpful in getting financial secure for the future.Published 1 day ago by Arma Stevenson
It banishes a lot of myths. A great book - everyone should read it.Published 18 days ago by Michael J.Liptak
A most read for any young man are woman starting a career in work and life.Published 1 month ago by Happy Traveler
The desire and pursuit of wealth is something that is not for everyone and honestly shouldn’t be. There are far more important things than wealth and the pursuit of worldly goods... Read morePublished 1 month ago by J. Vincent
Great research. You can tell a lot of time was spent on this project.Published 2 months ago by Josh
Awesome book. It gives you the insight of how millionaire think and operate. Good book to read over and over. Recommended!Published 2 months ago by Paul