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
... Show More
The dollar amounts mentioned are rather dated (the book was published about 10 years ago) but the book is still interesting. There seem to be lots of frugal women in our midst who have high incomes and low expenses!
March 26,2025
... Show More
Fairly intuitive. If you spend less than you make, you're in good shape. I felt like it focused solely on business owners, and not your average person. I did enjoy the statistics about average hours spent maintaining stock portfolios, hours worked per week, hours volunteered, etc.
March 26,2025
... Show More
I started reading this immediately after The Millionaire Next Door, which I found extremely insightful. I didn't like this book nearly as much, and I struggled to finish it.

Aside from some of the ideas being repeated from the last book, I found the arguments less clearly laid out. I didn't feel like I learned nearly as much.

The book also focuses on female self-employed business owners rather than all female millionaires. I would have preferred a broader perspective.
March 26,2025
... Show More
Very similar the the millionaire next door. However it was refreshing to have a few more female examples as the previous writing was certainly make millionaire dominant. Definitely some good things to take away from this book. One I will recommend to my daughters.
March 26,2025
... Show More
This book tried to analyze the small subset of the "Millionaires Next Door". It is forced to make general observations that you can get just as well from the main book "The Millionaire Next Door", while the specific demographic analysis has little relative value.
If you want to become a millionaire by the slow and steady method, read Dave Ramsey's books for getting out of debt and building wealth. If you want to build up a small business, read Christy Wright's book "Business Boutique".
And if you want to understand the differences between male, female and married couple millionaires, the Chris Hogan book "Everyday Millionaires" has both more females in the sample and a more recent data set.
March 26,2025
... Show More
An excellent source of mentorship for 'up and coming' successful women. I've read this book many times in the last three years.
March 26,2025
... Show More
While this book had some good nuggets, it also had some major flaws.

I enjoyed the vignettes and the basic "can-do" attitude showed in much of the book. The author had lots of examples and lots of tips to help women become millionaires.

There was an amazing lack of diversity in his examples. Many of the women-while coming from "humble" beginnings, still came from a place of middle class privilege. There were so very few who crawled out of generations of poverty. And of course, only one woman of color in the entire treatise. African American woman were such a small amount of woman millionaires that they didn't even get a percentage...and absolutely nothing was said about it.

This still came from a middle class who was used to bootstrapping and having things happen. I vacillated between hope for the future and despair that people in general can still manage this kind of success as the gap widens between haves and have-nots. I'm not sure where to file this info in my head...
March 26,2025
... Show More
Millionaire Women Next Door by Thomas J. Stanley, Ph.D. left me amused by the thought that the typical millionaire woman next door he describes would be unlikely to read his book - or at least buy it. He covers his bases and describes attributes of myriad types of millionaire women, which is nice because it leaves hope open for anyone. Yet, there's an undercurrent to what he says that feels a little off-putting. Perhaps it's because there are moments when he talks in absolutes that feel like over-generalizations. The theme of the book seems to be the same for any millionaire next door; live below one's means, don't worry about impressing others, and be persistent. The writing is often dry and academic, but that's to be expected as it is a book reporting on research. I searched the pages for inspiration but ended the book without having an major revelations. Overall, I'd say it's an interesting look at accumulating wealth and avoiding the pitfalls of consumerism.
March 26,2025
... Show More
I go through this book at least twice per year. It's very motivating in that I can identify with the "type A" women in the book. I also love the author's section on "Why not run the family office?" where she talks about stay-at-home moms. I totally agree that becoming a millionaire has much to do with the money you make...as opposed to how much money you make. I totally love this book!
March 26,2025
... Show More
Thomas J. Stanley, Ph. D., author of many analytical books on the lifestyles and habits of the wealthy in America, including The Millionaire Next Door and The Millionaire Mind, has now provided this most superb insight into the Millionaire Women Next Door. It provides a voyeuristic view into what makes the female millionaire psyche: her family of origin, education, failures, and performance compared to her male peers, complete with charts and graphs and indices. Of his hundreds of in-depth surveys and extensive IRS data, he found striking patterns among those women who became millionaires, who as a group are frugal wives and mothers, generous to those in need, debt-free, self-motivated, investors not only in their own businesses but also in the stock market and in commercial real estate, with a high degree of perseverance in the face of criticism and trials. This compilation inspires not only wise financial planning, but also the qualities of integrity and even faith needed to become Millionaire Women Next Door.

March 26,2025
... Show More
There's a lot in this book that I enjoyed, being a working (outside the home) woman. A lot to help you overcome the personal mind-game battles that hold you back from your dreams and goals. (And when I say "you," I mean me.)
March 26,2025
... Show More
I enjoyed this book, but not because it's a "self-help" or "how-to-become-a-millionaire-yourself" read. In the first part of this book Stanley shares lots of statistics and general profiles. My favorite chapters--twelve, thirteen, fifteen, sixteen, and seventeen--profiled a few people and provided more concrete personality traits and habits that were key to each of the people Stanley profiled being successful in achieving financial independence.

Like several of the other reviewers, I was especially interested in the chapter on the woman who ran her "family office", i.e. managing all the money that came in from creating the budget to making the investment decisions. She inspired me to become more involved and investment savvy.
Leave a Review
You must be logged in to rate and post a review. Register an account to get started.