Helpful Score: 2
Based on a professor's research of interviews with millionaires. He shares the types of personality and other traits they share. There are charts and there is much good information. Good read!
Some very interesting ideas but also a LOT of inconsistencies.
Example: p 355 "...the average value of the American millionaire's home is estimated to be $277,640." p364 "Their homes, on average, are worth $1.4 million." The author also cannot seem to make up his mind whether or not they live in "many of the better-quality neighborhoods" (The Millionaire Mind p 364) areas or "do not live in upscale neighborhoods" (The Millionaire Next Door p1)...amongst others.
The stories will definitely show you that you can be a success in many things that you never thought could create a great business. You don't have to be a straight A student and have a genius IQ to end up a millionaire and you don't have to devote every waking hour to the persuit of money to be financially stable, but its definitely not a "how-to" book.
Example: p 355 "...the average value of the American millionaire's home is estimated to be $277,640." p364 "Their homes, on average, are worth $1.4 million." The author also cannot seem to make up his mind whether or not they live in "many of the better-quality neighborhoods" (The Millionaire Mind p 364) areas or "do not live in upscale neighborhoods" (The Millionaire Next Door p1)...amongst others.
The stories will definitely show you that you can be a success in many things that you never thought could create a great business. You don't have to be a straight A student and have a genius IQ to end up a millionaire and you don't have to devote every waking hour to the persuit of money to be financially stable, but its definitely not a "how-to" book.
This book describes the mindset and habits of millionaires in further detail. Interesting, but slow moving. This is a deep read like a textbook. Good for those serious about getting ahead financially but not for those interested in something light or a fast read.
Thomas J Stanley has written some very good books; unfortunately, not nearly as good as his first book, The Millionaire Next Door. The Millionaire Mind is filled with much more data and is more difficult to read. It appears that he has published another book to try to make more money from the notoriety gained in his first book. While his first book is brilliantly written and filled with great research, this book is not nearly as good. I only read about one-third before I put it away. If you have not read The Millionaire Next Door, get that one and skip this one.
