Home Feed
Home
Search
Search
Add Review, Blurb, Quote
Add
Activity
Activity
Profile
Profile
Millionaire Next Door: The Surprising Secrets of America's Wealthy
Millionaire Next Door: The Surprising Secrets of America's Wealthy | Thomas J Stanley, William D Danko
This bestselling resource identifies seven common traits that show up again and again among those who have accumulated wealth. The new edition, the first since 1998, includes a new Foreword for the 21st century by Dr. Stanley.
Amazon Indiebound Barnes and Noble WorldCat Goodreads LibraryThing
Pick icon
100%
quote
DogMomIrene
The Millionaire Next Door | Thomas J. Stanley, William D. Danko
post image

🙄🙄🙄

Might get that feeling? That the rich exploit their employees?

😬😬😬

I wish more companies were like Dr. Bronner‘s. They implement a salary cap. The highest paid employee‘s salary is limited to 5x that of the lowest paid employee. Imagine if all companies adopted this model. What a difference that would make in everyone‘s quality of life.

😮‍💨😮‍💨😮‍💨

Jari-chan There was a vote in Switzerland a couple of years ago that wanted to do exactly that. Guess how the people voted? 🙄 2w
DogMomIrene @Jari-chan Yeah, that‘s a downer. It never ceases to amaze me how some people think you have to suppress others to succeed😮‍💨 2w
Jari-chan @DogMomIrene Same 🥲 sending hugs of you need some🫂 2w
DogMomIrene @Jari-chan Thank you! Sending hugs right back at you!🤗 2w
Jari-chan @DogMomIrene Thank you 💖 2w
36 likes5 comments
quote
DogMomIrene
The Millionaire Next Door | Thomas J. Stanley, William D. Danko
post image

Authors list several characteristics of millionaires. I laughed when I read this one. The good old days of pension plans. Even when I was teaching and money was deducted from my paycheck for state pension, I never relied on them managing that money well.

review
DogMomIrene
The Millionaire Next Door | Thomas J. Stanley, William D. Danko
post image
Mehso-so

Meh. Most recent research was from mid-90s to early 2000s, so examples are outdated. In 2025 the authors & the millionaires come across to this Gen Xer as out-of-touch Boomers. Basic concept is live below your means. Stealth wealth. Lots of pages on car buying habits and how to raise kids to become wealthy w/o relying on cash infusions from parents. Nothing really new here. Some of the anecdotes were amusing. #ReadYourEbooks

Suet624 Ugh. Sounds awful. 2w
DogMomIrene @Suet624 Yeah, it was pretty bad. The authors did share the conversations/interactions between an author selling his used Acura & the potential buyers. That was interesting. Some people are really dedicated to the used car buying process. And it was educational to read more about the mindset of some of these millionaires. 2w
38 likes2 comments
review
janjanregala
The Millionaire Next Door | Thomas J. Stanley, William D. Danko
Mehso-so

A comprehensive study about behaviours of American Millionaires what they have in common good to know book.

1 like1 stack add
review
Booked529
Pickpick

Wow. This book shattered my perception of what it takes to become a millionaire and stay there. Our consumer culture has created an illusion regarding net worth. Definitely worth the read.

quote
jgundy
The Millionaire Next Door | Thomas J. Stanley, William D. Danko

Operating a household without a budget is akin to operating a business without a plan, without goals, and without direction.

review
QueenCocoa
The Millionaire Next Door | Thomas J. Stanley, William D. Danko
post image
Pickpick

Great read! The title speaks for itself! This is honestly a book for everyone! If you are interested building wealth grab this book! Lots of 💎‘s dropped in this book! Definitely keepsake worthy! Also an easy read!

review
Kieu
The Millionaire Next Door | Thomas J. Stanley, William D. Danko
post image
Pickpick

Yes!!! Highly recommended. All entrepreneurs should read this book. It's all about having financial intelligence. It's not how much you can earn, it's about how much of it you can keep. This book teaches us how millionaires think vs how consumers think.

1 stack add
review
BBooks
The Millionaire Next Door | Thomas J. Stanley, William D. Danko
Pickpick

Although statistics dated, good information. Interested in his follow up book The Millionaire Mind

review
Hjones1911
The Millionaire Next Door | Thomas J. Stanley, William D. Danko
post image
Pickpick

This book researches people classified as millionaires. It establishes the demographics of age, gender, work and career. Many other factors were taken into consideration such as generational wealth and habits. It's not so much of a "how to make your first million" as it is "how to live to save to a million".

MrBook I've skimmed this one before. I really want to take my time with this book since it packs in so much info. 9y
GoneFishing "My favorite beers are Michelob and free" 8y
4 likes2 stack adds2 comments
review
Chocamanda
The Millionaire Next Door | Thomas J. Stanley, William D. Danko
post image
Mehso-so

This book is as frustrating as it is useful. The demographics used to gain statistical data for this book's analysis was completely white washed and out of touch with today's world. Even in the mid 1990s when this edition was created, I somehow doubt that POC millionaires were an anomaly.