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.
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!
I think this was a great followup to the Millionaire next door. I loved reading about women in business! I am most grateful, however, for the chapter about housewives who run "the family office". I most related to that category of women. All-in-all a great reminder that women should not shy away from owning businesses or learning about and making investment decisions for their families.
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.
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.
I felt like the beginning of the book had a condescending tone to it. If people want to live a high-consumption lifestyle and are happy being in debt until the day they die that's their prerogative. Just don't complain when it's retirement time and you don't have the freedom to do so. That's all I'm saying. The book, like The Millionaire Next Door, goes into detail about millionaire's habits of frugality, investing, and saving. This book goes more into detail about women but it's all the same information, really. I *did* however, really enjoyed the chapter on running the home office. There is so much value in taking charge of the home office that I think gets overlooked.
A follow-up to "The Millionaire Next Door", "Millionaire Women Next Door" highlights the lifestyle trends of millionaires, only this time the focus is solely on wealthy women. A low profile, low consumption, frugal way of living appears to be the trend amongst the majority of these millionaires "next door". These profiled female millionaires are some of the wealthiest yet also some of the most generous givers in our country donating to charitable causes, granting forgiveness loans to friends and family, and funding education costs for family members. On average these women live in homes valued $299,990 or less. Very few drove luxury vehicles or purchased expensive boats, gifts, or jewelry. Careers seen most among this population included small and large business owners, sales jobs, and surprisingly, educators. I found this book to contain some surprising and interesting information but also found it to be lengthy and overstated. My advice would be to read "The Millionaire Next Door" and skip the redundant "Millionaire Women Next Door".
When I requested this book from the library, I didn't realize it was geared toward women entrepreneurs. As such, most of it wasn't directly applicable as I'm not and have no desire to be an entrepreneur. That said, there were still good points and advice throughout the book, so it was worth reading.
Still needing to finish this book, did not have the same sticking level of interest to me as the other books, maybe I just needed to get into it a bit more,,,