The Millionaire Mind By Thomas J Stanley

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An interesting follow up to the authors previous study of the wealthy, The Millionaire Next Door. The central theme of the book is “it pays to be different”. Millionaires tend to think differently from the crowd.

This book probes into the minds of millionaires throughout the USA to explore their ideas, beliefs and behaviours. Readers are provided with a broad overview of the lifestyle of a millionaire and their main influences in life.

What makes the wealthy prosper?

The author investigates their background, education, upbringing, work ethic and general lifestyle to analyse and assess what factors led them to achieving wealth and attaining millionaire status and those which were of no relevance at all.

Numerous anecdotes provide the reader with further insight into how wealth was attained. What is clear is that millionaires enjoy a bargain just as much as the rest of us. Extensive
tables provide statistical analysis on a whole range of subjects to support this view.

For example, a large percentage prefer to extend the lifecycle of their existing possessions rather than spending their money on new items. An essential ingredient of financial success is that millionaires operate an economically productive household.

4 out of 5 stars

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