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Book Review of The Millionaire Next Door: The Surprising Secrets of America's Wealthy

The Millionaire Next Door: The Surprising Secrets of America's Wealthy
apennysaved avatar reviewed on + 3 more book reviews
Helpful Score: 1


The authors take a scientific approach to analyzing millionaires in this country: who they are, their lifestyles, their values, what they spend their money on, and the types of occupations, work they do. The main difference between this book and many others on the topic is that the authors look at net worth as total cash assets available and do not include non-liquid assets such as homes and personal property. Another important distinction between this book and others is that the authors attempt to really analyze why people in the same income groups have substantially different net worth. I think this is a great addition to books on finance because the authors' conclusions about who is a millionaire and why can be replicated by almost anyone, even those with modest incomes.

This book doesn't work so well for single-income households, but most of the principles still apply.