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3.27 AVERAGE
3.27 AVERAGE
Apparently there is a 2010 update to the original book, which is not the same as this separate book. I should have read the 2010 version instead of the original and this one.
informative
These were the longest 272 pages of my life and I learned nothing. There were far too many pages devoted to preaching that rich people aren’t evil.
Too many repeats in itself and from the first book "the millionaire next door". Sometimes it felt like a justification of research and findings from the first book.
Also it is mentioned that this book is for above average earners and how they can be millionaires.
Also it is mentioned that this book is for above average earners and how they can be millionaires.
informative
reflective
slow-paced
The author highlights how anyone can be a millionaire- if they had good behaviors and made good lifestyle choices. But in that case, not everyone can be a millionaire because not everyone has good behaviors. While it was noted - briefly - that the path to accumulate wealth is not easy I felt the comment about how race, gender, etc. not being relevant was oversimplified. Some of the people that were interviewed mentioned how their parents instilled in them from a young age to save and invest (not everyone gets that) and for those individuals good financial behaviors would obviously come easier to them. There were some stories here and there about people who grew up seeing their parents being bad with money, so yes there will always be people who learn from bad examples. And some of the statics were interesting but some of the arguments in the book felt contradictory. At one point I believe the author mentioned this book was mainly for above average income earners (also basically stating not everyone can be a millionaire because there are many people, including single mothers, who earn below the average income).
The original MND changed my life. This version is a half hearted attempt to repeat the same magic. Buy the original and don't waste your time with this "revision".
inspiring
medium-paced
I’m a huge fan of the “Millionaire-next-door” series, but I can summarize the book in one sentence:
“The lessons and takeaways from the book “The Millionaire Next Door” are still just applicable today as they were 20 years ago”
“The lessons and takeaways from the book “The Millionaire Next Door” are still just applicable today as they were 20 years ago”
I never read the first one, so I can’t compare it. I’m sure an update was needed, though the ideas in the first are still valid. This one was written by the daughter with excerpts from the dad’s blog and research. The writing in this one was rather repetitive and disjoint at times. Concepts are good. Nothing too earth shattering, just many ways to say: Spend less than you make. Safe diligently, build wealth over time. Some stats from their surveys and research to show that millionaires typically haven’t inherited their wealth, don’t typically spent money on showy assets, and spend well below their means.