The Millionaire Mind

The Millionaire Mind

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By (author) Thomas J. Stanley

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The Millionaire Mind targets a population of millionaires who have accumulated substantial wealth and live in ways that openly demonstrate their affluence. Exploring the ideas, beliefs, and behaviours that enabled these millionaires to build and maintain their fortunes, Dr Thomas J Stanley provides a fascinating look at America's financial elite and how they got there. For example: * What were their school days like? * How did they respond to negative criticism? * What are the characteristics of the millionaire's spouse? * Is religion an important part of their lives? The author uncovers surprising answers, showing readers just what it is that makes the wealthy prosper while others feel dejected or beaten. The Millionaire Mind delves deep into the minds of America's wealthy and answers universal questions with solid statistical evidence in an approachable, anecdotal style.

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Author information

Dr Thomas J Stanley is an author, lecturer and researcher who has studied the affluent since 1973. His previous books are the number one New York Times bestseller The Millionaire Next Door and Marketing to the Affluent, and his work is frequently cited in the American media. He lives in Atlanta.

Review quote

"Readers with an entreprenerial turn of mind will devour The Millionaire Mind because it provides road maps on how millionaires found their niches" USA Today

Editorial reviews

The introduction to this book tells us that its author has 'studied the affluent since 1973' and has written several bestsellers which probably number him among their ranks: The Millionaire Next Door and Marketing to the Affluent are just two titles. Just one glance at the page of tables he includes should be enough to give you a taste of the ground that this book covers: The Academic Record of Millionaires - Undergraduate College Grade Point Average; Actions and Thought Processes Used by Millionaires to Eliminate/Reduce Fears and Worries; The Top Five Qualities That Initially Interested Millionaires in Their Spouses. Clearly, this author is interested in all aspects of what goes to make what he calls 'the millionaire mind'. If you can get past the rather smug subtext of this book - the idea that everyone is aiming to become filthy rich, and is prepared to pump a lot of time into the activity - you will find a large amount of fascinating trivia (though of course not so trivial to those of us who are studying in earnest how to become seriously rich). Stanley studied 773 millionaires nationally in the US before he wrote this book. 'After studying millionaires for more than twenty years,' he says, 'I have concluded that if you make one major decision correctly, you can become economically productive. If you are creative enough to select the ideal vocation, you can win, win big-time.' One of his most important points emerges early in the book: 'What do most millionaires tell me they learned in their salad years? They learned to think differently from the crowd.' And he concludes at the end: 'Whom do you want for a mentor? I want someone who is not a beautiful person. I want to learn about how to become economically productive from those who had one or more imperfections. They are the ones who figured out how to win.' While you may not agree with the thrust of this book, it's hard to fault such a thorough piece of research which yields some intriguing observations. (Kirkus UK)