The Millionaire Next Door: The Surprising Secrets of America's Rich
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The Millionaire Next Door: The Surprising Secrets of America\'s Rich Audiobook by Thomas J. Stanley Ph.D., William D. Danko Ph.D. is a compilation material about the research taken by the authors about the way of living of millionaires in all the region of the United States. In this material, the term “millionaire” is applied to those who exceed the million dollar mark in net-worths.
The audiobook established two different kinds of millionaire: the UAWs (Under Accumulators of Wealth) and the PAWs (Prodigious Accumulator of Wealth) and it analyzes and compare their diverse behaviors. The audio material takes time to explain how a person can be classified in any of the two categories according to the actions performed according to the income, the spending of it and the yearly tax payment. To settle the definitions clearly, the authors also mentioned another category in the material called the Average Accumulator of Wealth (AAWs). This last category is the starting point to establish the limits of a UAW and a PAW, using the income as a parameter of measure.
The audiobook also mentions several recommendations about how to spend money according to the findings during the research done. It is also surprising that the discoveries about this wealthy people differ from what the common public thinks millionaires live, such as most of millionaires living in middle class areas instead of white-collar zones.
Furthermore, the audiobook will provide a number of points to advice people how to turn into a millionaire checking all the important factors mentioned above (income, spending, and taxes) as it is telling anecdotes about how the millionaire people accumulated their wealth and how they make it grow.
The Millionaire Next Door: The Surprising Secrets of America\'s Rich Audiobook by Thomas J. Stanley Ph.D., William D. Danko Ph.D. is not precisely the common self-help material, although it includes a number of advises in order to fall into the category of a millionaire and keep it that way taking into account the concepts emitted in the audiobook.
The first time this material hit the shelves in 1996, it became a huge success and it was in the list of The New York Times bestsellers for more than three years; and it has received praise from several newspapers and specialized publications since the first time of appearance on the shelves and Internet sites.
With a surprising findings about the behavior of a millionaire, complemented with anecdotic tales of the rich people studied in their research, the audio book will give an insightful view of what being wealthy means and how to become one of these people who care more about investment than spending more than what is earned.
Once you start listening to this audiobook, it is going to be hard not to go through the whole eight hours and twenty one minutes narration performed by Cotter Smith.
At the end of all the audio, you will be truly surprised to discover that “the rich are different – but not in the way you might think” (The Washington Post)