Product Description: After its first publication, Dr. Thomas J. Stanley's second best-seller The Millionaire Mind spent over four months on the New York Times best-seller list, rising to position #2, and has sold over half a million copies. Here is the first paperback edition of Stanley's second groundbreaking study of America's wealthy.The Millionaire Mind targets a population of millionaires who have accumulated substantial wealth and live in ways that openly demonstrate their affluence. Exploring the ideas, beliefs, and behaviors that enabled these millionaires to build and maintain their fortunes, Dr. Stanley provides a fascinating look at who America's financial elite are and how they got there. What were their school days like? How did they respond to negative criticism? What are the characteristics of the millionaire's spouse? Is religion an important part of their lives?The author uncovers the surprising answers to these and similar questions, showing readers through concrete examples just what it is that makes the wealthy prosper when others would turn away dejected or beaten.The Millionaire Mind promises to be as transformational as Dr. Stanley's previous best-seller. This book answers universal questions with solid statistical evidence in an approachable, and anecdotal style. The number of copies sold of this soon-to-be-classic will surely be in the millions.
Amazon.com Review: What do you do after you've written the No. 1 bestseller The Millionaire Next Door? Survey 1,371 more millionaires and write The Millionaire Mind. Dr. Stanley's extremely timely tome is a mixture of entertaining elements. It resembles Regis Philbin's hit show (and CD-ROM game) Who Wants to Be a Millionaire, only you have to pose real-life questions, instead of quizzing about trivia. Are you a gambling, divorce-prone, conspicuously consuming "Income-Statement Affluent" Jacuzzi fool soon to be parted from his or her money, or a frugal, loyal, resole your shoes and buy your own groceries type like one of Stanley's "Balance-Sheet Affluent" millionaires? "Cheap dates," millionaires are 4.9 times likelier to play with their grandkids than shop at Brooks Brothers. "If you asked the average American what it takes to be a millionaire," he writes, "they'd probably cite a number of predictable factors: inheritance, luck, stock market investments.... Topping his list would be a high IQ, high SAT scores and gradepoint average, along with attendance at a top college." No way, says Stanley, backing it up with data he compiled with help from the University of Georgia and Harvard geodemographer Jon Robbin. Robbin may wish he'd majored in socializing at L.S.U., instead, because the numbers show the average millionaire had a lowly 2.92 GPA, SAT scores between 1100 and 1190, and teachers who told them they were mediocre students but personable people. "Discipline 101 and Tenacity 102" made them rich. Stanley got straight C's in English and writing, but he had money-minded drive. He urges you to pattern your life according to Yale professor Robert Sternberg's Successful Intelligence, because Stanley's statistics bear out Sternberg's theories on what makes minds succeed--and it ain't IQ.
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
Everything you need to know is in the first chapter The first chapter contains all the statistical information you need to know, and the rest of the book just rehashes it. This book repeats itself over and over and over, and the examples often contradicted the advice given. For example, the book said that millionaires often rely on themselves for financial advice and don't follow the herd mentality. Then it provided examples of how selecting financial advisers was extremely important. I'll give you some advice: walk into a bookstore, read the first chapter, and then put the book back on the shelf. The rest of the book is BS--an obvious attempt by Dr. Stanley to become a millionaire himself without providing anything substantive. He ragged on economists for not contributing actual work--he should take his own advice.
Boring The Millionaire Next Door was great. This was a tedious, hashed-over version of it. Should have been titled, "We Wanted To Make Some More Money Without Actually Having To Write A New Book."
Audio book is the best I bought the book few months ago but I did not finish it, so I bought the audio book that I play when I am driving around in town audio books are good for people like me who are busy.
Don't read this review! This book is not for everyone! Not everyone will benefit from this book. Those who have strong prejudices against the rich and believe wealth comes by winning the lottery may not enjoy it. (Don't read it unless you desire the truth.) Those who strive to do the right thing, live a balanced life and practice good judgment will love it. You will feel strengthened by the scientific research that confirms your beliefs about work, play, money and family. I absolutely loved this book and would strongly recommend it to everyone who desires to know how millionaires live and think. This is the best book I have seen on the subject hands down! - Pat Shamblin (720)422-7447 http://www.denverluxuryrealestate.com
Very insigthfull although somewhat dated. This book is basically some enlightened research paper that has very powerful implications for everyday use. Although the data is more that 10 years old by now it is still relevant to today's realities. A real eye opener. Recommended for small business owners or anyone else that wants to be worth more than one million dollars in the near future.
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