g Text Version
Beauty & Self
Books & Music
Food & Wine
Health & Fitness
Hobbies & Crafts
Home & Garden
News & Politics
Religion & Spirituality
Travel & Culture
TV & Movies

Bored? Games!
Take a Quiz
Rate My Photo

Natural Living
Folklore and Mythology
Distance Learning

All times in EST

Full Schedule
g Investing Site

BellaOnline's Investing Editor


The Millionaire Next Door Book Review

Have you ever wonder what it takes to become a millionaire? Thomas J. Stanley and William D. Danko did. So they went out and researched the secrets behind millionaires. The result is their book, The Millionaire Next Door:The Surprising Secrets of America's Wealthy.

This book is one of my favorites. I remember when I first read it. I was surprised to learn that frugality was a major trait of the millionaires. It makes sense. You have to hold onto the money you make in order to accumulate it.

This should give hope to all of us. Frugality is something we can all practice. Living within our means is something we can share with millionaires.

The book emphasizes seven traits that the millionaires who were studied share. These traits include the above mentioned frugality. They also include an emphasis on financial independence over consumption of material possessions. It is interesting to note that the millionaires only used a small portion of their wealth. They do not look or act like the millionaires most of us imagine.

Millionaires were unlikely to have inherited. In fact, most were self-made millionaires. They had taught their children to be self-sufficient and emphasized the job or business opportunities that were most likely to lead to wealth.

I like that this book shows that there is the potential to become wealthy. You don't have to rely on the lottery or an inheritance. It doesn't say it will be easy to accomplish. Hard work and discipline are a major component of becoming wealthy according to the authors.

However, you can provide a more prosperous life for yourself by following even a few of the traits. A slight shift in thinking can help a lot. The goal of financial independence can help to resist the allure of spending money. Frugality can be looked upon as an admirable trait rather than a necessity.

The book does provide an enlightening look into the lives of millionaires that can be an eye-opener. To be sure this book is more useful to those making a middle-class income. One needs some money to put in appreciating assets to accumulate wealth. At the very least, it can demonstrate the difference between an asset and a liability. This information can help anyone be a better saver and investor.

You may want to read The Millionaire Next Door just for entertainment. Those who have the means can start putting the traits into play in their own lives. Either way, it provides a good read. I enjoyed this book. I hope you do, too.

This book is from my personal collection.

This book is available from

Kindle Edition:

Add The+Millionaire+Next+Door+Book+Review to Twitter Add The+Millionaire+Next+Door+Book+Review to Facebook Add The+Millionaire+Next+Door+Book+Review to MySpace Add The+Millionaire+Next+Door+Book+Review to Digg The+Millionaire+Next+Door+Book+Review Add The+Millionaire+Next+Door+Book+Review to Yahoo My Web Add The+Millionaire+Next+Door+Book+Review to Google Bookmarks Add The+Millionaire+Next+Door+Book+Review to Stumbleupon Add The+Millionaire+Next+Door+Book+Review to Reddit


Investing For Dummies Book Review
Ruining Your Portfolio Book Review
How To Teach Kids About Money and Investing
Related Articles
Editor's Picks Articles
Top Ten Articles
Previous Features
Site Map

For FREE email updates, subscribe to the Investing Newsletter

Past Issues

Printer Friendly
tell friend
Tell a Friend
Email Editor

Content copyright © 2018 by Sandra Baublitz. All rights reserved.
This content was written by Sandra Baublitz. If you wish to use this content in any manner, you need written permission. Contact Sandra Baublitz for details.


g features
Bond Portfolio and Interest Rates

Investing $10K in 2015 EBook

A Tribute to WSJ Sunday

Archives | Site Map


Past Issues

Note: BellaOnline uses cookies to help provide a consistent user experience. Our advertisers may use cookies to help customize ads. Please contact us with any question about our cookie use.

Summertime Foods
Corn on the Cob
Burgers on the Grill
Apple Pie


| About BellaOnline | Privacy Policy | Advertising | Become an Editor |
Website copyright © 2018 Minerva WebWorks LLC. All rights reserved.

BellaOnline Editor