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Author: Thomas J. Stanley, William D. Danko

Narrator: Ryan

Format: MP3

IBSN: 9781563523304

Language: English

Publish Date: 28/10/1995

Audiobook length: 31 min

The Millionaire Next Door Summary Audiobook

Chapter 1Overview
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Chapter 2How to define the rich?
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Chapter 3How are rich people made?
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Chapter 4How do ordinary people become rich?
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Chapter 5Summary & Review
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Why listen to The Millionaire Next Door

Listening to the summary audiobook of "The Millionaire Next Door" offers a valuable opportunity to glean key insights from this essential personal finance classic without the time commitment of reading the entire book. It distills the authors' research on the habits and characteristics of wealthy individuals, challenging common misconceptions about affluence and providing practical lessons on frugality, saving, and investment strategies. By understanding the behaviors that lead to financial success, listeners can apply these principles to their own lives to achieve greater financial stability and independence.

Author : Thomas J. Stanley, William D. Danko

This book is co-authored by two doctoral degree holders. The first one is Thomas J. Stanley, author of bestsellers such as Marketing to the Affluent, The Millionaire Mind, and Millionaire Women Next Door. He’s known for being an expert on how to become rich based on his first- hand surveys to the rich that uncovered their secrets. The second is William D. Danko, who with the help of his three children, compiled the data.

Key Insights from The Millionaire Next Door

  • Many millionaires live below their means, practice frugality, and prioritize savings over conspicuous consumption. This mindset enables them to accumulate wealth quietly and often leads to financial independence.
  • A significant portion of millionaires are self-employed or own businesses, rather than relying on salaries from jobs. This entrepreneurial spirit contributes to their financial success and offers them greater control over their financial futures.
  • Education and financial literacy play crucial roles in wealth accumulation, with many millionaires emphasizing the importance of strong financial habits and planning. By investing in their knowledge and skills, they are better equipped to manage and grow their wealth.
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Contact: buildlearn.bk@gmail.com