There are some interesting bits and pieces in this book, most of which are generally familiar to readers of Stanley's other books. However, on the whole the book doesn't amount to much, wavering between sociological analysis and how to while not actually being either.
What is clearly stated, but somewhat hidden is that this is not a book about women "millionaires" in general. It is based on responses to a questionaire by a group of women business owners with incomes over $100,000 and a net worth between $1 million and $25 million. Not included at all are women professionals, women who have amassed over $1 million by working in corporations, or women who might have made their money as partners in majority male owned businesses. It is not surprising that the women millionaires in this study have not departed much in their consumption or living habits from their middle class roots. It's impossible to say whether his conclusions are even mildly relevant to women who might...
If you're a woman who didn't quite see yourself in The Millionaire Next Door, there's hope. Women are different than male millionaires in several important ways. For example, the typical male millionaire has married once and remains married, but over half of female millionaires have been divorced. Women are also more generous than men. The book mainly talks about business owners becoming wealthy, but it also talks about alternatives to business ownership. Stanley profiles a star saleswoman, educators (a wealthier group than you realize), and stay-at-home women who act as managers of their "family office". He also discusses parenting your children so they can develop a millionaire mindset. Many situations are presented in this book, so you can probably find something that will apply to you.
As for helpful advice, the author points out cautions women need to consider. Women need to watch out for the "Marginal Bob" worthless first husbands...
I absolutely loved this book! When I originally read Stanley's Millionare Next Door, I was put off that all the data was regarding men (but that it is still a very good book). I was suprised to stumble on this book and am very glad that I did!
Recently, before reading the book, I made the assumption that for women, money correlates with charity. Look at Susan Sarandan w/ the Heffer program and Oprah w/ her various charity beliefs...Awesome women who know how to give back to the world.
I feel it in my bones that this book is one of the variables in my life to lead me to success. It has opened my eyes and confirmed my assumptions to obtain success. And has also provided me w/ many other aspects and details I found interesting.
This is a definite book to have in your collection if you are serious about obtaining success. Not just monetary success but happiness w/in yourself and the community/world you live in.
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