Jennie Bourgeois

I have been meaning to read this book for several years. It has been waiting patiently on my ever growing book list. I am finally succumbing to audio books to try and get through more books that I want to read. I am now admitting to myself I simply don’t have time to read as much as I would like and audio books will allow me to multi-task while doing other necessary activities.

This book has been touted for years as one of the “must read” personal finance books. The perspective this book provides probably seems quite foreign to most individuals I suppose. However, I have read most all of Dave Ramsey’s books and have been through his 13-week Financial Peace University classes. Ramesy’s perspective about consumerism and what is considered financially “normal” in today’s society is not how actual self-earned millionaires manage their own finances. The ideas shared about the consumerism perspective between this book and Ramsey are very similar.

The New York Times provides a very detailed summary of the book. The author provides a great deal of statics and research on America’s hidden millionaires. This summary includes many of these statistics in a great outline format.

Another great online resource that provides additional information related to this book is from Bankrate. They provide an online calculator that utilizes the formula described in The Millionaire Next Door for individuals to plug their financial numbers in to determine if they meet the definition of a Prodigious Accumulator of Wealth or an Under Accumulator of Wealth. Retire Early also provides a similar version of the online calculator.

One of the authors of this book, Thomas J. Stanley has written a second, book, The Millionaire Mind.

Here are some additional articles that further discuss this book.

20 Things the Millionaire Next Door Does NOT Do

What’s Wrong with the Millionaire Next Door

Shop Like the Millionaire Next Door

Millionaire Next Door (MND): How to Determine if You are Wealthy

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