The Millionaire Mind

By Thomas J. Stanley,

Book cover of The Millionaire Mind

Book description

Describes the qualities that enabled individuals to become millonaires, and looks at their childhood, education, and choice of vocation.

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Why read it?

2 authors picked The Millionaire Mind as one of their favorite books. Why do they recommend it?

The Millionaire Mind is a non-fiction book that provides a detailed analysis of the traits and characteristics of millionaires in the United States.

From the outside looking in or from what we are taught you understand that wealth was passed down and most rich people came from money or are extremely smart. Based on reading this book, I understand that it is a false narrative and in fact almost 95% of millionaires are self-made and were B & C students in college.

This book is what helped me actually change my beliefs on becoming a millionaire and made it a…

Millionaires are good at spotting opportunities that others do not see, finding a profitable niche, specializing, and thoroughly enjoying their careers or businesses. Curiously, they also have a knack for investing, be it investing in the equities of public corporations, making wise investments, and being willing to take financial risks given the right return. Perhaps most vital: they are willing to live below their means.

On the pathway to success, most millionaires regard becoming wealthy as the product of key elements. One is social skills: getting along with people, having strong leadership qualities, benefitting from good mentors, and having an…

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