The Millionaire Next Door Summary & Review (Thomas Stanley) - ANIMATED 2021

This animated The Millionaire Next Door summary will show you who the real millionaires are, what their habits are and most importantly, how you can do the same as them to improve your financial journey!
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☝️ Smash that LIKE button... if are going to be a millionaire 👍👍
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When you think of a "millionaire" you probably imagine a flashy lifestyle, luxurious mansion, sports cars and maybe even a yacht. But, the reality is a bit different. The average household that has a net worth of a million and above is much more "normal" than you think of. These are regular people who put in the work over time, made sounds financial decisions and are now reaping the benefits.
Thomas Stanley shares his best research and findings on who the millionaires are and how they got that way, in his best-selling book "The Millionaire Next Door - The Surprising Secrets of America's Wealthy". With the help of this video summary, in just a few minutes, you'll be able to understand the millionaire habits and most importantly, how to implement them in your life. Not to mention, the video is completely FREE, while you'll have to spend a few bucks to get your own copy of The Millionaire Next Door book ;)
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The best course of action is the this - watch this The Millionaire Next Door summary and learn about the best tactics and mindsets of financial success. Apply these tactics to your life and to your finances. If you are happy with the results (as you most likely will be), head over to Amazon or to your favorite bookstore and get yourself a copy of Stanley's actual book. This way you dig deeper into these teachings only once you have proven they can work for YOU. There are no cookie cutter solutions, there is only things that work or don't work FOR YOU!
This Millionaire Next Door gives you, not only what the book is about, but how to actually apply it. Because, let's be honest, you can read the book, or listen to the Millionaire Next Door audiobook... BUT unless you start applying what you've learned, nothing will change in your personal and professional life (isn't that always the case?!)
Watch this animated summary, take action, apply the tactics to your life and you'll see dramatic results. I had the intention initially to do a The Millionaire Next Door summary PDF, but honestly, an animated video review is so much more fun to create, and consume. Plus, this summary will give you a more wholesome understanding of the book, instead of breaking it down by Chapter 1, Chapter 2, Chapter 3 and so on. Think of this video as the best Millionaire Next Door key points, lessons and examples - explained in an an animated format :)
Understanding the millionaire's habits and putting them them to work has never been easier - it only takes 10 minutes.
As always, post your comments and questions below. Smash that LIKE button and let me know what book you'd want me to summarize and review next.
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★☆★ TIMESTAMPS ★☆★
0:00 Who are the millionaires?
1:33 What makes millionaires different?
3:09 How to calculate your NET WORTH
4:40 Average Accumulators of Wealth
4:46 Prodigious Accumulators of Wealth
4:58 Under-Accumulators of Wealth
5:12 Habit 1 - They are frugal
5:45 Habit 2 - They are investing in stocks
6:46 Habit 3 - They Budget their expenses
8:13 Habit 4 - They Drive Used Cars
8:56 How To Become a Millionaire Yourself
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[@SuccessfulByDesign]

WATCH NEXT: If you liked this summary, you are totally going to LOVE the action steps. Check them out here - The Millionaire Next Door - Action Steps You Can Take To The BANK: kzbin.info/www/bejne/p6izpKmAg7-qhNk

[@beckymagnolia1]

Oh my gosh! This is so helpful. Thank you!

[@ivonneopinion]

Thank you so much for explaining the book in such an easy way for anyone to understand.

[@m.aburas5833]

Thank you very much for this amazing video. Your advice and the quality of the video is not taken for granted. I know how much it takes to plan and produce such video, so thanks for offering this to us for free.

[@SuccessfulByDesign]

Much appreciate the nice feedback!

[@BassMusician7]

Thanks. Love your content!

[@SuccessfulByDesign]

Love your feedback :)

[@footballupsets]

loving what you are doing brother. keep them coming. loads of love from Franski Enterprise Hunza. best Rumi

[@mathrobs]

Smashed the like button

[@SuccessfulByDesign]

Big appreciation :)

[@munozmiriam06]

This is great when you don’t have kids. But when you have kids you want to give them the best education!

[@dnsmithnc]

And that might mean shielding them from the modern educational system who, more than likely, will not remotely share your values or your attitude toward money if you're a millionaire.

[@karlaskitties]

They needed to get as many scholarships as possible for us to pay for a 4 year college, that was the deal. Still, make sure they’re not getting socialist brainwashed

[@C.Radulescu]

Thanks man. Good job! I'm your newest follower thanks to your amazing job!

[@SuccessfulByDesign]

Salut! Welcome to the family and thanks for the great feedback!

[@alexcastelo2665]

I'm brazilian. Your videos are amazing . Really, congratulations on the work.

[@SuccessfulByDesign]

Oh wow thanks for the nice feedback! Just curious - would you be interested if the same video was dubbed over in Portuguese?

[@utubern07]

I think this book has some solid advice. However, I believe life should be balanced. I am 40 with zero inheritance and much prefer amassing wealth (millions) while moderately satisfying my wants simultaneously. This means I invest 30% of my gross income while driving a very expensive car (bought new, paid off, and still driving only 7000 miles/year) and taking several expensive international vacations per year (my absolute favorite thing to do). I must add that I have paid off my home plus an additional car and have no childcare expenses. One just needs a high income (for me from excessive years of education/training) and to choose tradeoffs that are consistent with his/her life preferences. But I see no value in frugality and sacrificing all one’s desires to retire later in life as a multi-millionaire without enjoying your life, as you see fit, within reason. I have seen many die earlier than expected or reach social security age with mental and/or physical limitations that preclude the use of millions to enjoy one’s post-retirement years. Everything must be done in moderation! Prepare for rainy days but also relish the sunshine.

[@carikabester8335]

I agree but your idea of balences is still closer to 50/ 50, this video is probably to help people who save 10% or less So congrats, you did it right

[@howellwong11]

I am a millionaire, but never live like one. I drive a top of the line luxury sedan, but it is 14 years old. I'm 90 years old and never want for anything.

[@theblessedblackwoman]

90yrs? You need to start spending! 😆

[@howellwong11]

@@theblessedblackwoman Yeh, but life long habits are hard to break.

[@theblessedblackwoman]

@@howellwong11 I know. But shame for someone else to spend your hard earned cash. Please spend some of it on yourself.

[@howellwong11]

@@theblessedblackwoman Yeh, I know, but we do anything for our children. My parents couldn't so I try to make up for it.

[@SanctifiedLady]

As long as you are happy… spending doesn’t make for happy. Enjoy 💸💰😊

[@masa8421]

You have that which occupies your personal list of priorities which in my consideration includes that which emboldens you to have something uniquely yours as if you've always done this part of being you. That must then constitute to a certain degree the way in which you "spend your livelihood." If with that consideration and then you take into account the subject and content of The Millionaire Next Door and with a pickup from this tutorial you can come to certain evaluation of how that which spend your livelihood translates to the creation of wealth. "Ten years without having to work" with what you have in mind is to get the part where what you made your livelihood equates to a million dollars seems to be what is a certain qualifying remark of that which makes the grade.

[@danklein8587]

I Love The Illusion of Wealth Look. I prefer the Loser Poor Broke Look. People look down on me and that is a good thing-:)

[@KpxUrz5745]

This video accurately describes most everyday millionaires. For example, I am one, and nobody thinks I have 2 cents to rub together because of my lifestyle choices, habits, unimpressive clothes, and the very old car I drive. The main factor is to just live well below your means.

[@alanbirkner1958]

We know several people who wasted lots of money and are now working in their late 70's. Tina, Al's wife

[@tatiana_7767]

Here I am, a home stay mom watching this 😂

[@EmpowerX888]

👌

[@DANKSTAR209]

VVS TONIC LESSSSSSCRO! #moongang

[@DreaminBig]

As a non millionaire I can’t press the like button ;(

[@patpith]

That Porsche appreciating nicely with inflation, tho!

[@akinakinmosin77]

You don't want to sell your Porsche to get out of debt...

[@karlabritfeld7104]

When does a car appreciate in value?

[@PawPaws_Place]

@@karlabritfeld7104 they did for the last two years. My f150 was worth more than I paid for it two years ago brand new. That is about to correct itself but it has been true for a while now.

[@antoniobacic5674]

I think all cars; my bmw 1, 5 years later, costs only €5,000 less, i.e. depreciation of only €80 / month (in inflated currency).

[@rml442]

I think I'm a bit of both I have decent cars on my drive but overall I'm pretty Frugal and more or less budget my whole year in advance. The thing is, according to alot of these spiritual programs being frugal does nt really attract abundance. Thoughts?

[@tanyam6811]

Great question. I also I ask this. how would you attract abundance.

[@m.aburas5833]

I have saved a large amount of money but unfortunately not enough to buy a house and lease it. I can wait another year to save more, the problem is that I tried to consult a professional company and they did not help much. I wish I could find a good financial councilor. Unfortunately I am from a different country, far away from you.

[@SuccessfulByDesign]

I would do my own research and find the best investment opportunity for YOU. Some invest in real estate and succeed, some fail. Some invest in stocks and win big while others lose. There is no universally good or bad investment. With some sound unbiased research, you can always find something that works and helps you sleep at night. Keep me posted on how it works out for you!

[@bennedamosley7400]

lol, my net worth is in the negative, im goanna have to change that

[@SuperLaborn]

Me too lol

[@dnsmithnc]

Most people who are poor spend their money on making themselves look like they have more money than they have. If you're not like that, you have a chance.

[@muffemod]

I like how the subscribe button is garishly placed over the video. 💩

[@edwindeleon5232]

be frugal = BEN Frankline

[@bobjones8864]

I prefer to think of myself as thrifty.

[@karlaskitties]

Cars are a waste. I drive a 20 year old explorer with 143k miles lol

[@lazygamer4918]

Saving money is a lie

[@Mikegastaldo]

I saved every dime for a few years..bought a house in Florida all beat up for 35k sold it for 65..bought another for 90k sold it for 160..moved to Los Angeles bought one for 120k sold it for 500k profit..man those were the Early years..I honestly Lost count at this point..it's been dozens...ya I'm loaded man.im not a millionaire..I'm worth millions..I have no highschool diploma...na .. just a GED..it all started with saving some money...

[@acetornyenkan6877]

@@Mikegastaldo u are so right. I save and open a salon shop. Am now looking in to real state investment this 2023. I will definitely need ur help. Please reply me please.. if u can do it, I believe I too can…

[@Mikegastaldo]

@@acetornyenkan6877 I'm happy you opened a salon and are working everyday for your future not your bosses future..smart move... when you work for others or rent from others you are just building wealth for someone else... everything you do should only benefit you.. buying real estate is a game of patience..save your money..save your money..save your money.don't spend money on expensive cars and jewelry /clothes/restaurants/las Vegas..live below your means and save 50/80% of your income..the economy is key to your success..when all goes bad and people are broke and losing there jobs /homes/cars.. this is when cash is King and you will find homes that angry people damaged when they lost them at 70/80% off there previous retail value.. now it's time to spend your money...now it's time to get rich...it's exactly what I did.

[@acetornyenkan6877]

Thanks dear. Knowledge is indeed power.

[@matthunter7888]

I agree with the house flipper guy.