The Millionaire Next Door Summary & Review (Thomas Stanley) - ANIMATED 2021

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This animated The Millionaire Next Door summary will show you who the real millionaires are, what their habits are and most importantly, how you can do the same as them to improve your financial journey!

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☝️ Smash that LIKE button... if are going to be a millionaire 👍👍
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When you think of a "millionaire" you probably imagine a flashy lifestyle, luxurious mansion, sports cars and maybe even a yacht. But, the reality is a bit different. The average household that has a net worth of a million and above is much more "normal" than you think of. These are regular people who put in the work over time, made sounds financial decisions and are now reaping the benefits.

Thomas Stanley shares his best research and findings on who the millionaires are and how they got that way, in his best-selling book "The Millionaire Next Door - The Surprising Secrets of America's Wealthy". With the help of this video summary, in just a few minutes, you'll be able to understand the millionaire habits and most importantly, how to implement them in your life. Not to mention, the video is completely FREE, while you'll have to spend a few bucks to get your own copy of The Millionaire Next Door book ;)

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The best course of action is the this - watch this The Millionaire Next Door summary and learn about the best tactics and mindsets of financial success. Apply these tactics to your life and to your finances. If you are happy with the results (as you most likely will be), head over to Amazon or to your favorite bookstore and get yourself a copy of Stanley's actual book. This way you dig deeper into these teachings only once you have proven they can work for YOU. There are no cookie cutter solutions, there is only things that work or don't work FOR YOU!

This Millionaire Next Door gives you, not only what the book is about, but how to actually apply it. Because, let's be honest, you can read the book, or listen to the Millionaire Next Door audiobook... BUT unless you start applying what you've learned, nothing will change in your personal and professional life (isn't that always the case?!)

Watch this animated summary, take action, apply the tactics to your life and you'll see dramatic results. I had the intention initially to do a The Millionaire Next Door summary PDF, but honestly, an animated video review is so much more fun to create, and consume. Plus, this summary will give you a more wholesome understanding of the book, instead of breaking it down by Chapter 1, Chapter 2, Chapter 3 and so on. Think of this video as the best Millionaire Next Door key points, lessons and examples - explained in an an animated format :)

Understanding the millionaire's habits and putting them them to work has never been easier - it only takes 10 minutes.

As always, post your comments and questions below. Smash that LIKE button and let me know what book you'd want me to summarize and review next.

★☆★ WANT TO TO IMPLEMENT THE ADVICE FROM THE MILLIONAIRE NEXT DOOR? ★☆★

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★☆★ TIMESTAMPS ★☆★

0:00 Who are the millionaires?
1:33 What makes millionaires different?
3:09 How to calculate your NET WORTH
4:40 Average Accumulators of Wealth
4:46 Prodigious Accumulators of Wealth
4:58 Under-Accumulators of Wealth
5:12 Habit 1 - They are frugal
5:45 Habit 2 - They are investing in stocks
6:46 Habit 3 - They Budget their expenses
8:13 Habit 4 - They Drive Used Cars
8:56 How To Become a Millionaire Yourself

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#millionairenextdoor #personalfinance #investing

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I think this book has some solid advice. However, I believe life should be balanced. I am 40 with zero inheritance and much prefer amassing wealth (millions) while moderately satisfying my wants simultaneously. This means I invest 30% of my gross income while driving a very expensive car (bought new, paid off, and still driving only 7000 miles/year) and taking several expensive international vacations per year (my absolute favorite thing to do). I must add that I have paid off my home plus an additional car and have no childcare expenses. One just needs a high income (for me from excessive years of education/training) and to choose tradeoffs that are consistent with his/her life preferences. But I see no value in frugality and sacrificing all one’s desires to retire later in life as a multi-millionaire without enjoying your life, as you see fit, within reason. I have seen many die earlier than expected or reach social security age with mental and/or physical limitations that preclude the use of millions to enjoy one’s post-retirement years. Everything must be done in moderation! Prepare for rainy days but also relish the sunshine.

utubern
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Thank you so much for explaining the book in such an easy way for anyone to understand.

ivonneopinion
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This video accurately describes most everyday millionaires. For example, I am one, and nobody thinks I have 2 cents to rub together because of my lifestyle choices, habits, unimpressive clothes, and the very old car I drive. The main factor is to just live well below your means.

KpxUrz
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Oh my gosh! This is so helpful. Thank you!

beckymagnolia
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I Love The Illusion of Wealth Look. I prefer the Loser Poor Broke Look. People look down on me and that is a good thing-:)

danklein
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I am a millionaire, but never live like one. I drive a top of the line luxury sedan, but it is 14 years old. I'm 90 years old and never want for anything.

howellwong
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Thank you very much for this amazing video. Your advice and the quality of the video is not taken for granted. I know how much it takes to plan and produce such video, so thanks for offering this to us for free.

m.aburas
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This is great when you don’t have kids. But when you have kids you want to give them the best education!

munozmiriam
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I'm brazilian. Your videos are amazing . Really, congratulations on the work.

alexcastelo
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Here I am, a home stay mom watching this 😂

tatiana_
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We know several people who wasted lots of money and are now working in their late 70's. Tina, Al's wife

alanbirkner
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Thanks man. Good job! I'm your newest follower thanks to your amazing job!

C.Radulescu
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loving what you are doing brother. keep them coming. loads of love from Franski Enterprise Hunza. best Rumi

footballupsets
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As a non millionaire I can’t press the like button ;(

DreaminBig
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I have saved a large amount of money but unfortunately not enough to buy a house and lease it. I can wait another year to save more, the problem is that I tried to consult a professional company and they did not help much. I wish I could find a good financial councilor. Unfortunately I am from a different country, far away from you.

m.aburas
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That Porsche appreciating nicely with inflation, tho!

patpith
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lol, my net worth is in the negative, im goanna have to change that

bennedamosley
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I think I'm a bit of both I have decent cars on my drive but overall I'm pretty Frugal and more or less budget my whole year in advance. The thing is, according to alot of these spiritual programs being frugal does nt really attract abundance. Thoughts?

rml
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I like how the subscribe button is garishly placed over the video. 💩

muffemod
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I prefer to think of myself as thrifty.

bobjones