The Millionaire Next Door


The “Millionaire Next Door” by Thomas J. Stanley and William D. Danko is the only book I gave to all my children.   We recommended this book from the moment it was published and it has remained on our reading list since this site began in the 1990s.   I was saddened to read that Stanley recently died in a car accident.

millionaire next door

“The Millionaire Next Door” is $8.70, but free to Amazon Kindle Unlimited Readers.  Click here to order at Amazon.com “The Millionaire Next-Door”.

A New York Times article “Paying Tribute to Thomas Stanley and His ‘Millionaire Next Door'” (1) shows how most millionaires have their money because of modesty, thrift and prudence not because they made one great investment or had a high income.  They live happily in modest homes.  They do not drive new luxury automobiles.

The book has sold more than three million copies and remains worthy of reading.   Learn how everyday people have a shot at building true wealth through habits and not luck, great education, high earnings or investing risk.   Middle class, small, blue-collar businesses doing real work can, by saving well and not spending lavishly, achieve financial independence.

I gained a phrase “Big Hat, No Cattle,”from Stanley’s book and use it often.  There is too much of this in the modern world,  people who look, talk and act rich, but can’t back it up with wealth.

If you have not read The “Millionaire Next Door” I recommend that order it now.

“The Millionaire Next Door” is $8.70, but free to Amazon Kindle Unlimited Readers.  Click here to order at Amazon.com “The Millionaire Next-Door”.

Gary

(1) Paying Tribute to Thomas Stanley and His ‘Millionaire Next Door


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