The Next Millionaire Next Door audiobook cover - Enduring Strategies for Building Wealth

The Next Millionaire Next Door

Enduring Strategies for Building Wealth

Thomas J. Stanley & Sarah Stanley Fallaw

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Key Takeaways from The Next Millionaire Next Door

Learning Tools

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Mind Map

The Next Millionaire Next Door
Busting Wealth Myths
Income vs. Wealth
The Millionaire Profile
The Pseudo-Affluent
Frugality as the Foundation
Mindset of Moderation
Strategic Housing Choices
Smart Consumer Habits
Financial Competency
The Household CFO
Six Core Competencies
Predictors of Success
Sustainable Investing
Preferred Strategies
Avoiding the Ego Premium
Long-term Discipline

Quiz — Test Your Understanding

Question 1 of 6
According to the text, what is a common misconception about accumulating wealth?

The Next Millionaire Next Door — Full Chapter Overview

The Next Millionaire Next Door Summary & Overview

The Next Millionaire Next Door (2018) inspires readers of all backgrounds and income levels to build substantial wealth through frugal living and smart investing. Clear, simple strategies for living within your means and patiently growing assets show that economic success is truly accessible for all.

Who Should Listen to The Next Millionaire Next Door?

  • Average earners who feel like lasting wealth is out of their reach
  • Above average earners who struggle to grow their wealth, rather than spend it
  • Anyone who longs for the flexibility and financial freedom that comes with true wealth

About the Author: Thomas J. Stanley & Sarah Stanley Fallaw

Thomas J. Stanley was an American author and researcher who specialized in studying the habits and behaviors of America’s wealthy population. He is best known as the co-author of the 1996 bestselling book The Millionaire Next Door, which challenged common stereotypes about the lifestyles of millionaires. 

Sarah Stanley Fallaw is an author and researcher who has continued her father’s work studying the attitudes and behaviors of the affluent in America.

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