Community Reviews

Rating(4 / 5.0, 78 votes)
5 stars
29(37%)
4 stars
22(28%)
3 stars
27(35%)
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78 reviews
March 26,2025
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I have read all of Thomas Stanley’s other books, and put this one off until it had some age on it. Now that it’s about 6 years old, I read it. I was underwhelmed. I remember his other books, especially “The Millionaire Next Door”, as being a novel mix of reported research and the stories of millionaires, focused on the difference between “balance sheet” and “income statement” millionaires. I expected mostly the same here but focused on women. Here’s what I found:

-Stanley quotes the research, but at times it’s a bit loosey goosey as to how he comes up with conclusions. Seems like he surveyed only the rich, but based conclusions on how they differed from the non-rich on only that data in some cases. Maybe it just wasn’t explained correctly but it didn’t seem all that clear.
- More like Stanley’s “The Millionaire Mind”, he focuses this book on small business owners and the folks that are more than barely millionaires. He comes around in the final two chapters to discuss people who are not business owners that have saved the magic amount, including a teacher and a widow who made their wealth through real estate. Not being a small business owner myself, I prefer these other stories and would have liked more, but I understand from Stanley that business ownership is the most likely way to wealth.
- Strangely, not every “case study” in the book is a woman. In some cases Stanley chose to profile a man to illustrate an example. If you were expecting only women to be profiled, you are out of luck here.
- Also strangely, Stanley reproduces a number of letters sent to him, mostly in the middle of the book. Many of these just seemed bizarre and needn’t have been included. And many were from men. Stanley appeared to be stretching for pages here.
- Stanley notes that most of the women that fit his criteria for wealth have been married. He touches on the impact of the husband on the wealth of the family, but I was left wondering, especially in the case studies, about the dynamics of married earners and investors. He really didn’t approach this topic head on. Seems like a good idea for a follow-up book, “Millionaire Couple Next Door”.

I enjoyed this book, but quite a bit less than his previous books. I would recommend reading his first two millionaire books first, with this left for the curious.
March 26,2025
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My favorite part? Women who took charge of the budget while staying home were the ones that led their families to financial peace. Her money management took their single income to greater heights.
March 26,2025
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I read this book because a coworker recommended A Millionaire Next door - repetitive
March 26,2025
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This is the result of sociologists doing some hard research on the women who quietly live with a nice portfolio in your neighborhood. What things to these women do that are different from the usual, throw away society folks who thing dinner at home begins at KFC, for example? Take what you will and apply it to your life and attitude.
March 26,2025
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This book is derivative and boring. The Millionaire Next Door was fascinating - read that instead. I'd quit reading this one except it counts for my library summer reading program. (Yep, I'm a dork!)

The end of the book had some case studies that were interesting.
March 26,2025
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A worthwhile read about a unique group of hardworking American women who have the drive, persistence, and self-efficacy to reach their financial and life goals. This book is research-based vs. a book like 'Rich Dad, Poor Dad' which was based primarily upon one man's experience. Educational and inspiring.
March 26,2025
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I'm not sure how to rate this because if you haven't read his other books, then it's good and useful information. However I have read these statistics and stories. While the insights aren't a surprise to me, it was a good review and a reminder of my own goals in my career and life.

I would have enjoyed an opportunity to streamline the text before it was published.
March 26,2025
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Good book

The book teaches us the mindset of rich people specially women . The book doesn’t teach you any technique per se of how getting rich , however , how act and think like a rich person
March 26,2025
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Pretty good book explaining women who are millionaires and you'll be suprised who they are and how they are different than male millionaires.
March 26,2025
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A must read for anyone interested in accumulating wealth and/or personal finance. The author provides a wealth of information based on recent studies and interviews. A real eye opening page turner. Don't be intimidated by the academic approach this books takes to prove its' point.
March 26,2025
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I've heard people refer to 'The Millionaire Next Door' for years. The library didn't have that one in stock so I read the women's version. It was not what I expected but it was interesting. I felt the study and findings about women millionaires was interesting, but I felt the writing itself wasn't great...the set up of facts and information was a little lacking, and the organization was often confusing. This is another book I read just so I could know what others were talking about. Now I know.
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