The Millionaire Next Door (Review and Analysis of Stanley and Danko's Book)

By BusinessNews Publishing

The must-read summary of Thomas J. Stanley and William D. Danko’s book: “The Millionaire Next Door: The Surprising Secrets of America’s Wealth”.

This complete summary of the ideas from Thomas J. Stanley and William D. Danko’s book “The Millionaire Next Door” reveals the secret to joining the ranks of America’s wealthy. The authors explain that traditional methods for becoming rich have changed and nowadays, all it takes is fiscal discipline, sacrifice and hard work. By reading their advice and applying the techniques, there’s nothing stopping you from becoming a millionaire.

Added-value of this summary:
• Save time
• Understand key principles
• Expand your business skills

To learn more, read “The Millionaire Next Door” and discover the real secret to increasing your net worth and becoming a millionaire.

• Language: English
• Publisher: Business Book Summaries
• Release date: Feb 15, 2013
• ISBN: 9782806229618

Book preview

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Book Presentation: The Millionaire Next Door by Thomas J. Stanley & William D. Danko

Summary of The Millionaire Next Door (Thomas J. Stanley & William D. Danko)

Book Presentation: The Millionaire Next Door by Thomas J. Stanley & William D. Danko

Book Abstract

MAIN IDEA

Historically, people have tended to assume the keys to accumulating wealth in the United States were:

To inherit it from successful parents or relatives.

To earn advanced degrees at the best universities.

To be smarter or more intelligent than competitors.

However, a 20-year study of a group of more than 1,000 real-world millionaires found the keys to building high net worth in the United States were more likely to be:

The market-driven results of solid ongoing work ethics.

The application of consistent, long-term savings habits.

The enduring self-discipline to spend less than is being earned each month and to invest the balance.

In other words, the underlying keys to building wealth are actually fiscal discipline, sacrifice and solid work. Anyone who wants to actually achieve financial independence can use this information to realign their lifestyle to incorporate these same keys.

Important Note About This Ebook

This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this