The Millionaire Next Door crushes all other inferior money books. No book can stand up to it’s glory and majesty!
What I liked…
- The basics: There’s something inspiring about a book that sticks to the basics while delivering high-quality money advice. Sometimes a book that is too basic gets boring or isn’t very helpful. And some books that get too complex are boring in a different way because you can’t relate, understand, or implement its teachings. The Millionaire Next Door is a perfect blend of the basics with great advice that you can actually implement into your money plan. The next point will explain what I mean a little more…
- Facts: Almost the entire book is based on case studies, polls, and interviews. The authors interview several self-made millionaires and then study the findings to explain how these people became millionaires. They use un-filtered facts to draw conclusions on how people accumulate (or don’t!) wealth. No guessing or personal opinions. The authors aren’t trying to sell you on anything, they just present the case studies, draw some conclusions and let the reader take it from there.
- Anti-hyper-consumption: One of my favorite phrases in all the world. Say it out loud, it’s like a beautiful poem… Anti-hyper-consumption… I don’t think they use this actual phrase in the book, but one of the main points is that the difference between those who accumulate wealth and those that don’t has everything to do with how much materialistic crap they consume. Basically, it doesn’t matter how much you earn if you spend it all. What I really like about this part of the book is that it is again based on case studies (facts) and not on any anti-consumerist lifestyle philosophy propaganda. Or again, just someones personal preferences or opinions. The book simple states that the number one reason people become wealthy is because they don’t fall into the consumerism trap. I know, right!?
- Hope: The book states that roughly 9 out of 10 millionaires are first generation rich. The idea that most rich people are born rich or inherit most of their wealth simply isn’t true. In fact, the authors warn against the dangers of receiving too much financial aid. Often, financial help isn’t helping at all, it’s hurting. When this sinks in you can see why I find this part of the book encouraging and full of hope.
Seriously y’all. The Millionaire Next Door is a must read.
What are you reading?
-Derek
Agreed. Top 3 books I’ve ever read, right next to Richest Man in Babylon and Ramit’s I Will Teach You To Be Rich. All for varying reasons, of course 🙂
I’ll have to add those to the list. Up next is this book…. http://earlyretirementextreme.com/
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I loved the Millionaire Next Door and Stop Acting Rich. Have you tried Nickel and Dimed: On (Not) Getting by in America? I’d also like to hear what you think of the Total Money Makeover.
Tami-
I read Total Money Makeover a few years ago and really liked it. It’s practical and straight-forward in a way that is motivating and makes you feel like you can really do it. It makes money feel simple and not intimidating, which I like.
I’ll put the other two books on my reading list.
Thanks for the recommendations!
-Derek
I love this book, thanks for reminding me I need to give it another read. There are 2 follow up you should check out as well including “Stop acting rich”
I’m reading The Millionaire Mind right now. It’s just as good as Millionaire Next Door. I’ll have to check our Stop Acting Rich. Thanks for the recommendation.
– story / Coins
After you bump the allowance that you deposited will become checking account
or coins in the online slot gambling. balance or coin is what you can highly developed use to bet and usually report or coin can be
found in the belittle left corner of the machine
or online slot screen.
– Jackpot
The biggest prize you can acquire subsequently you win a slot is called the jackpot.
Usually players can win the jackpot similar to betting maximum on each round.
opinion upon the number of winning jackpots can be seen in the paytable
/ payment table.
– Pay table
In every online gambling, you will locate pages or sections that characterize what
he can acquire in the slot game. in video slots
usually upon the screen, the payment table will comport yourself
you how to motivate bonuses or how extra betting features con as
soon as scatter or wild symbols.
– unconventional Jackpot
Progressive jackpots only exist upon a number of specific machines and are owned by one
provider. The provider will pay the dealer or agent where the game is
monster marketed. A well ahead jackpot will slowly addition subsequently won by the player.
That’s how many terms you have in slot games that you
should know about, you can see in more detail in the recommendation center
in the online slot games that you play.