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After The Millionaire Next Door made me feel so down on myself, I wasn’t as enthusiastic about reading Millioniare Women Next Door as when I first ordered it from my library. But when it finally arrived a few weeks later, I figured I might as well bite the bullet and have another unpleasant look in the financial mirror.Surprisingly, the book turned out to be much more inspirational than the first. The author does revisit many of the same themes – the importance of thrift, the dangers of econ...
I have read all of Thomas Stanley’s other books, and put this one off until it had some age on it. Now that it’s about 6 years old, I read it. I was underwhelmed. I remember his other books, especially “The Millionaire Next Door”, as being a novel mix of reported research and the stories of millionaires, focused on the difference between “balance sheet” and “income statement” millionaires. I expected mostly the same here but focused on women. Here’s what I found:-Stanley quotes the research, but...
A follow-up to "The Millionaire Next Door", "Millionaire Women Next Door" highlights the lifestyle trends of millionaires, only this time the focus is solely on wealthy women. A low profile, low consumption, frugal way of living appears to be the trend amongst the majority of these millionaires "next door". These profiled female millionaires are some of the wealthiest yet also some of the most generous givers in our country donating to charitable causes, granting forgiveness loans to friends and...
I felt like the beginning of the book had a condescending tone to it. If people want to live a high-consumption lifestyle and are happy being in debt until the day they die that's their prerogative. Just don't complain when it's retirement time and you don't have the freedom to do so. That's all I'm saying. The book, like The Millionaire Next Door, goes into detail about millionaire's habits of frugality, investing, and saving. This book goes more into detail about women but it's all the same in...
In A Nutshell:The Millionaire Next Door and The Millionaire Mind had revolutionized the way that I thought about money--or maybe it is more accurate to say that these books changed the way I aspire to approach money. No longer did it seem impossible to be financially independent even on the salary that I currently make and the salary I can hope to make in my current career (which I do love and I do feel utilizes my talents and aptitudes).But those books did have a very strong focus on male milli...
While this book had some good nuggets, it also had some major flaws.I enjoyed the vignettes and the basic "can-do" attitude showed in much of the book. The author had lots of examples and lots of tips to help women become millionaires.There was an amazing lack of diversity in his examples. Many of the women-while coming from "humble" beginnings, still came from a place of middle class privilege. There were so very few who crawled out of generations of poverty. And of course, only one woman of co...
I go through this book at least twice per year. It's very motivating in that I can identify with the "type A" women in the book. I also love the author's section on "Why not run the family office?" where she talks about stay-at-home moms. I totally agree that becoming a millionaire has much to do with the money you make...as opposed to how much money you make. I totally love this book!
The dollar amounts mentioned are rather dated (the book was published about 10 years ago) but the book is still interesting. There seem to be lots of frugal women in our midst who have high incomes and low expenses!
This book tried to analyze the small subset of the "Millionaires Next Door". It is forced to make general observations that you can get just as well from the main book "The Millionaire Next Door", while the specific demographic analysis has little relative value. If you want to become a millionaire by the slow and steady method, read Dave Ramsey's books for getting out of debt and building wealth. If you want to build up a small business, read Christy Wright's book "Business Boutique". And if yo...
This book has the same issues as The Millionaire Next Door: although it contains interesting findings, all chapters are based on the same research data (surveys, statistical data from IRS, interviews). After a few chapters, you have seen it all before.I like the focus on self-made women, mindset, entrepreneurship, and various alternative life paths that the author discusses; ranging from starting your own business, saving your normal income and investing wisely, running the family office instead...
Thomas J. Stanley's book has much to offer in detailing the values and the financial discipline of not only successful businesswomen, but also the amazing discipline and tenacity of several self made multimillionaire men, and even a few women who did not work outside the home. Truly fascinating information, both in the form of statistics and of many fiscal life narratives. Full of practical, applicable habits and disciplines for every reader.
The first half or so, I found rather dull and full of statistics that seemed questionable as mentioned by previous reviewers. The latter part picked up though. I found it encouraging that income is not the only factor that leads to wealth. The book had a heavy emphasis on frugality, making wise choices, investing, and avoiding debt. There was even a chapter on educators, which I appreciated, since my husband and I both work in the education field.
A great compendium to Millionaire Next Door. It focuses mostly on women who own their own businesses, but also mentions saleswomen and women who monitor "the books" in their household. Overall, the theme is the same: live within/below your means, give charitably, and don't care what other people think.
Good balance of analytical data and personal stories. Very motivating to see how so many women have created and managed success in various types of businesses. A bit dated now, with the data from 2004 or prior; would love to see an updated edition. Plenty of data for a deep dive for those who enjoy that type of information.
Good bookThe book teaches us the mindset of rich people specially women . The book doesn’t teach you any technique per se of how getting rich , however , how act and think like a rich person
Not as interesting as The Millionaire Next Door. I did not end up finishing the book as I felt many of the information did not seem very novel to me nor applicable to me. I recommend The Millionaire Next Door over this one.
Amazing, inspirational and very detailed book that every woman should read. With lots of systemized research and very convincing conclusions. A definite must-read for everyone, trying to handle their finances and build lasting wealth.
Frugal life style, spend time investing and drive to be financial indepedent
I could barely put this book down from the time I first started reading it. I love it. This is the first time I've ever been tempted to contact an author and thank them for their book.
This book is the opposite of "I will teach you to be rich". The book does not talk about how to become a millionaire, but showcases life and lifestyle of the various millionaire women.
An excellent source of mentorship for 'up and coming' successful women. I've read this book many times in the last three years.
If you have read Millionaire Next Door, there is little to distinguish this one. However, the authors do mention gender specific aspects taking into account first generation female business owners.
I read this book because a coworker recommended A Millionaire Next door. I found it to be extremely and repetitive. I understand that the book is a profile piece on the type of women who is rich in America but I do not think It was very encouraging. I also found the personal stories tiresome to read. I would recommend the books Smart Women Finish Rich and The Automatic Millionaire over by David Bach.
I will give this one 2.5 stars. I wasn't overly impressed with the book, simply because the information was so basic it almost seemed silly: first thing to do to become a millionaire is to own your own business, and the second thing to do is to save and invest like crazy.However, I really think it made judgments on how people should spend their money. We all enjoy different things in life. While I would certainly never spend over $100 on a watch or shoes, and I have no interest in expensive cars...
What a powerful book for women seeking financial freedom, satisfaction in their work, and the joy of giving back. I love this book! I've been reading it as I fall asleep at night and feel inspired by the frugal and resourceful women featured herein. While the media so often portrays millionaire lifestyles as extravagant, we learn from Dr. Stanley's extensive research that many women enjoy simple, quiet, and happy lives with their families without the worries of debt or ever running out of money....
I really wanted to like this book. "Millionaire Women Next Door": who could *not* be attracted to a book with a title like that? Unfortunately, this book did not meet my high expectations. It's a great book if you are the parent of a little girl, and want to know what to do to give her the best chance of one day becoming a self-made millionaire. It's a great book if you enjoy reading random statistics on groups of people. However, if you are already grown, if you are not the parent of a little g...
Thomas J. Stanley, Ph. D., author of many analytical books on the lifestyles and habits of the wealthy in America, including The Millionaire Next Door and The Millionaire Mind, has now provided this most superb insight into the Millionaire Women Next Door. It provides a voyeuristic view into what makes the female millionaire psyche: her family of origin, education, failures, and performance compared to her male peers, complete with charts and graphs and indices. Of his hundreds of in-depth surve...
Millionaire Women Next Door by Thomas J. Stanley, Ph.D. left me amused by the thought that the typical millionaire woman next door he describes would be unlikely to read his book - or at least buy it. He covers his bases and describes attributes of myriad types of millionaire women, which is nice because it leaves hope open for anyone. Yet, there's an undercurrent to what he says that feels a little off-putting. Perhaps it's because there are moments when he talks in absolutes that feel like ove...
This book was very interesting and inspiring. Someone had recommended The Millionaire Next Door to me, but my library didn't have it in, so I got this one. I think his title including the word "millionaire" gives the impression that perhaps he is going to preach about chasing wealth and getting rich, which is not at all the case. He profiles the conservative and hardworking behaviors and lifestyles of people who are actually financially independent and contrasts that with what symbols society us...
I enjoyed this book, but not because it's a "self-help" or "how-to-become-a-millionaire-yourself" read. In the first part of this book Stanley shares lots of statistics and general profiles. My favorite chapters--twelve, thirteen, fifteen, sixteen, and seventeen--profiled a few people and provided more concrete personality traits and habits that were key to each of the people Stanley profiled being successful in achieving financial independence.Like several of the other reviewers, I was especial...