Community Reviews

Rating(4 / 5.0, 78 votes)
5 stars
29(37%)
4 stars
22(28%)
3 stars
27(35%)
2 stars
0(0%)
1 stars
0(0%)
78 reviews
March 26,2025
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Amazing, inspirational and very detailed book that every woman should read. With lots of systemized research and very convincing conclusions. A definite must-read for everyone, trying to handle their finances and build lasting wealth.
March 26,2025
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I liked it. Lot of percentages that I didn't really need to know but overall interesting book.
March 26,2025
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After n  The Millionaire Next Doorn made me feel so down on myself, I wasn’t as enthusiastic about reading Millioniare Women Next Door as when I first ordered it from my library. But when it finally arrived a few weeks later, I figured I might as well bite the bullet and have another unpleasant look in the financial mirror.

Surprisingly, the book turned out to be much more inspirational than the first. The author does revisit many of the same themes – the importance of thrift, the dangers of economic outpatient care on adults – but he also includes the success stories of numerous millionaire women. And who doesn’t love success stories?

More important is how the book has impacted my own life. I can name four specific ways:

(1) The most practical, real-world change is that I’ve created a spreadsheet of all my credit cards and used the “chart” function to turn it into a graph. Now I’ve got a clear, visual summary of how much I owe, and my goal is to reduce that debt by 25% or more by December. I don’t know whether or not I can become a millionaire , but I do know that my first step to financial solvency is to wipe out that debt.

(2) Though I haven’t done it every day, I’ve taken to writing down specific goals. Some are daily and some are long-term, but setting specific goals is one of the things successful women do routinely.

(3) This one is a change of mindset. Early in the book, it states that most of these successful women don’t spend much time, if any, thinking about how their lives could have been different, and not all of them led charmed existences before becoming rich. Unfortunately, regret, specifically about sabotaging my future by messing up in college, occupies so much of my own mental energy, I’ve determined it to be my mid-life crisis. And it’s deep-seated, too. Because of the book, I began to stop these thoughts whenever I caught myself, but they came back in such a powerful dream, I woke up at 3 am from it. In the negative part of my dream, I again met the college official who interviewed me for the college I didn’t go to and now wish I had. In a positive part, though, my family members agreed that I should have a “second chance,” so I was going to go back to being 18 again. But when I woke up, I realized that if I’m ever going to get a second chance at college, it won’t be by going back in time. It has to be now. That’s as close to a “never look back” attitude as I can get to.

(4) This is another mindset change, and it’s connected with the previous one. Most of the millionaire women profiled in the book run their own businesses, but most of them didn’t become millionaires until they were in their forties or fifties and usually with a few failed businesses behind them. I found that incredibly comforting in light of my own age and mistakes. Who knows what the future might hold for me?

With insights like that, is it any wonder I’ve rated this book a 5?
March 26,2025
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Not as interesting as The Millionaire Next Door. I did not end up finishing the book as I felt many of the information did not seem very novel to me nor applicable to me. I recommend The Millionaire Next Door over this one.
March 26,2025
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Dry, nearly unfinishable. Lots of statistics, difficult to determine validity of data. Takeaways: own your own business, work hard, don't be spendy, don't be flashy.
March 26,2025
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I read this before The Millionaire Next Door, but it refers to the other book so much that I waited to write my review until I had read both. (What a pink tax! Women need to spend time and money on the other book to get the full value of this one!)

I found this one slightly better than the OG, so it got an extra star. However I really wish this had been approached differently.

There was only one chapter on Men vs Women. The rest of the book is largely millionaire women vs non-millionaire women. However millionaire vs non-millionaire is the focus of the first book, so I really assumed there would be more comparing the genders.

This book had more data I thought than the first one. I like that it covers how they were raised and how much they give to charity. That said, it's not very actionable. You can't change how you were raised.

I wish there wasn't such a strong focus on owning a business. It isn't for everyone, and there are other diverse paths folks can take. There was one section on other professions, and that was more inspiring than all the rest.

There are parts he drones on about. SEVERAL paragraphs emphasizing how millionaire women do not overspend on cars. (Paraphrasing, but "What do you think she drives? A Jaguar perhaps? Maybe a porche?" We get it. A regular car.)

I think there was also a missed opportunity to delve into the different experiences women have vs men becoming millionaires. Given when the book was written and the age of many respondents, he had a deep look at women who grew up in several decades stretching back to when women going to college or starting their own business wasn't the norm.

In hindsight, I liked this better than The Millionaire Next Door, and if I did it again I would only read this one. That said, Your Money or Your Life had a much bigger impact on my overall mindset in personal finance.
March 26,2025
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Overall smart advice on how to manage lifestyle and finances, but the majority of women featured in the book seem boring. We do only live once and every woman deserves expensive jewelry every once in a while, of course jewelry can be substituted with any other object of desire. However, the lesson here is get a strategy together for your finances and maintain discipline to stick to the plan.
March 26,2025
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The beginning and end are very strong, yet in the middle I felt there was "fluff." There were also a couple more stories about businessmen than I expected, yet I think I know why they were included as the route is one that women can also take. The book also requires having read Stanley's other works to really get what he is talking about. Regardless, it was a good read and worth my time.
March 26,2025
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If you have read Millionaire Next Door, there is little to distinguish this one. However, the authors do mention gender specific aspects taking into account first generation female business owners.
March 26,2025
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What a powerful book for women seeking financial freedom, satisfaction in their work, and the joy of giving back. I love this book! I've been reading it as I fall asleep at night and feel inspired by the frugal and resourceful women featured herein. While the media so often portrays millionaire lifestyles as extravagant, we learn from Dr. Stanley's extensive research that many women enjoy simple, quiet, and happy lives with their families without the worries of debt or ever running out of money. (Things do NOT equal happiness!)

Even beyond that, these millionaire women are able to give substantial amounts to causes that matter to them. Dr. Stanley packs this book full of useful nuggets, like "...in a lifetime, at least two or three ' great economic opportunities' will reveal themselves to those who are vigilant," (pg. 14) and "...you can spend your time planning for, and thus guaranteeing your next (failure) ... or you can train yourself to always focus on your dreams." (pg. 114)

I will be returning to this book again in times when I need a boost of inspiration as I go after my dreams. Truly, anything is possible.
March 26,2025
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I thought this might be a boring read, but on the contrary Mr Stanley made it very interesting. I learned a lot and decided to read Millionaire next door afterward.
March 26,2025
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Like his other books, Thomas Stanley did a lot of interesting research to reveal that millionaires are not different than what is commonly thought. This had a unique emphasis on women and their nurturing character. I enjoyed the book.
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