Community Reviews

Rating(4 / 5.0, 78 votes)
5 stars
23(29%)
4 stars
31(40%)
3 stars
24(31%)
2 stars
0(0%)
1 stars
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78 reviews
March 31,2025
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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 31,2025
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I read this book because a coworker recommended A Millionaire Next door - repetitive
March 31,2025
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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 31,2025
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This book has the same issues as The Millionaire Next Door: although it contains interesting findings, all chapters are based on the same research data (surveys, statistical data from IRS, interviews). After a few chapters, you have seen it all before.
I like the focus on self-made women, mindset, entrepreneurship, and various alternative life paths that the author discusses; ranging from starting your own business, saving your normal income and investing wisely, running the family office instead of working a job to investing in real-estate to let.
March 31,2025
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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 31,2025
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really fun to read this book! enjoyed the statistics and the realism - not what you'd think the girls would be like.
March 31,2025
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This book was very interesting and inspiring. Someone had recommended The Millionaire Next Door to me, but my library didn't have it in, so I got this one. I think his title including the word "millionaire" gives the impression that perhaps he is going to preach about chasing wealth and getting rich, which is not at all the case. He profiles the conservative and hardworking behaviors and lifestyles of people who are actually financially independent and contrasts that with what symbols society usually interprets as denoting wealth. He is heavy on the statistics, which tends to make my eyes glaze over a bit, but it definitely lends validity to the conclusions he draws. I am inspired this week to finish up my budget for the year and make some savings and investing goals, so I would say it was a very successful read.
March 31,2025
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It is always great to read about how the rich really live. Frugally and with great humility unlike what most people would imagine. Also it is great to keep my spirits up that if other people can start from where I am just working a 8-5 job and they can get out and be millionaires then so can I.
March 31,2025
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I just received this for Christmas...it came highly recommended. I'll check back after a few chapters!
March 31,2025
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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 31,2025
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Very much like "The Millionaire Next Door" but from a female perspective.
March 31,2025
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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.
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