Abstract
This paper examines the non-fiction novel, "The Millionaire Next Door: The Surprising Secrets of America's Wealthy" by Thomas Stanley and William Danko, which describes the real independent American Millionaire and their tactics in growing wealth. This paper illustrates how the book reinforced not only the importance of education and hard work, but the importance of self-employment. The author states that these millionaires value financial security.

From the Paper
"When most Americans think of millionaires, they most likely conjure images of flamboyant characters leading exciting lifestyles. Most people probably believe that the majority of millionaires inherited their money and that few have put in an honest day's work in their lives. Millionaires are imagined shopping at designer stores and would easily be picked out in a crowd. Moreover, most believe that millionaires drive expensive cars and live in posh homes in upscale neighborhoods. Common belief is that millionaires would never shop at WalMart or bargain hunt at the local flea market. This is the stereotype image of the American millionaire. Far from it according to Thomas Stanley and William Danko, authors of "The Millionaire Next Door: The Surprising Secrets of America's Wealthy." Their research found that these stereotype images are far from reality."

Tags:personal, saving, money, invest, education

Abstract
This paper is a brief book report which includes a summary of the topic of the book, a critical analysis, and a conclusion including the lessons learned and the effect the book has on people's minds. It shows how the authors give a detailed and in-depth account of American millionaires and how they acquired their wealth. The book provides a straightforward blueprint to improve one's financial circumstances, as well as secrets concerning millionaires in the United States.

From the Paper
"When we think of American millionaires, we immediately think of those we see on Lifestyles of the Rich and Famous. Most of us believe them to be flamboyant characters who buy what they want and lead exciting lifestyles. However, that assumption is very wrong. It seems that the majority of millionaires are actually frugal bargain hunters and live relatively boring lives (Stanley 1998). In The Millionaire Next Door: The Surprising Secrets of America s Wealthy, Thomas Stanley and William Danko give a detailed and in-depth account of American millionaires and how they acquired their wealth. The book provides a straightforward blueprint to improve one s financial circumstances, as well as secrets concerning millionaires in the United States (Stanley 1998). The authors summarize their findings from research of the methods millionaires use to acquire their wealth."

Tags:Stanley, Danko, rich, review, money, status, modest