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Questions for The Millionaire Next Door

Posted on February 16th, 2010

We are currently setting the foundation for a new book which focuses on the wealthy. We would greatly appreciate your input as to the topics you would like us to address in this next work. Many of you have already shared your ideas via the website.

 If you'd like to participate in this study, please click here to respond to our survey- it will take 5-10 minutes of your time. Your responses are confidential, and you will be among the first to help guide the new book.

Thank you in advance for your feedback and for sharing this with your friends, family and colleagues. As I have for over 30 years, I look forward to reading the comments of my readers. Thank you!

Category: Millionaire Next Door Stories
Tags: survey, research, wealthy, affluent,


This Post Has 11 Comments:

On July 13th, 2010, 6:57 PM, Keim said:

Thanks for allowing me to take the survey. I have found your books very insightful. A related area I'd find interesting: The Children of the Millionaire Next Door. I wonder: Do they pick up their parents habits? Are they even more frugal? Less? In general, do they behave in ways that are different from the norm?

On June 1st, 2010, 9:57 AM, Deborah said:

Mr. Stanley,

Thank you for all your work on your millionaire books; I really enjoy them. I've read The Millionaire Mind, The Millionaire Next Door, Millionaire Women Next Door, and Stop Acting Rich (as soon as it came to my local library). As a college student, I know that the knowledge I've gained from these books will influence the way I live the rest of my life.

I agree with Daniel's post. In your future books I most want to read millionaire's stories - their backgrounds, what jobs they've had, what or who influenced them, their struggles, their accomplishments, how they came to be what they are today, etc. A lot of the basic facts about how millionaire's live are the same or similar in each of your books, but what really stands out to me are the real-life examples of millionaires. They inspire me, so that's what I most look forward to in your books.

On April 8th, 2010, 6:48 AM, Vinod Singh Chandel said:

The millionaire next door is best book.
This book should in hindi for Indian people.

Thanks.

On April 1st, 2010, 8:26 PM, Daniel said:

Mr. Stanley I am a huge fan of your books "The Millionaire Next Door" and "The Millionaire Mind" both of which I have read many times.

In future works can you focus more on the Millionaire's beginnings. Their early years. This is what really drew me to your books to begin with.

For example, in a focus session, if you are with, i.e. a 60 or 70-year Millionaire who owns lots of real estate, ask them if you were suddenly 20-years old again in 2010 and had to start over from scratch how would you do it?

What areas would you focus on? How you do get that eye for seeing what others do not see? Would you buy your first investment property with straight cash or would your take loan? How much leverage is too much? How do you manage risk? Why do you think property A is going to appreciate over property B? Or why do you like business A over business B? How do you find profitable niche markets?

I love hearing about the Millionaires early days. I know you touched upon this earlier books but more stories are good too. It gives inspiration to see everyday ordinary people create success.

On March 24th, 2010, 8:14 PM, Kelley said:

all the areas above are great, and there are a few I'm interested in as well:

1. In your previous books you mention that millionaire households have very detailed budgets. I'd like to understand how they structure their budget. I run mine much like an income statement/balance sheet format and am interested in others methods of creating detailed budgets.

2. Who millionaires spend their time with (leisure time, outside of family), and what type of people are they? If TMND types have friends who are IA, how do they behave with them - i.e. respond to their hyper-consumptive lifestyle? Do they separate themselves from those types of individuals and just not interact with them?

On March 18th, 2010, 7:38 PM, Shaun said:

I would like to see a more in depth analysis of the difference between different strata of the millionaire population.

In my mind there is a big difference between someone who is worth $1 million, $10 million, $25 million, $50 million, ect.

Dealing with the strata would take your research in a new direction that I think would be interesting.

On March 10th, 2010, 7:45 PM, john said:

i am working in a dying industry and want to start my own company. i have having a tough time deciding on what type of business to start without any real experience. (don't want to start in my current industry.) got any advice on how to choose a business.
thank you

On February 25th, 2010, 12:47 PM, michelle said:

I am interested in finding out how to resolve the tension between follow your dreams and becoming a millionnare.

On February 25th, 2010, 10:59 AM, bibledebt.com said:

It would be interesting to have a topic on wealth from a non-monetary standpoint. What does it look like to be wealthy without substantial money? Is this possible?

On February 19th, 2010, 3:23 PM, Sandra said:

I too am one of those people living in the northeast (Somerset County, New Jersey to be specific). Having read The Millionaire Next Door while I was in college helped me choose a lifestyle that have a positive impact on my net worth. We do live in an expensive town but own one of the least expensive houses; one that is worth 2 times our gross income. We’ll be able to finish paying off this mortgage by the time I’m 36 yrs old in the year of 2015. Since our mortgage is so low, we’re also able to save 1/3 of our gross income. We also plan and stick to a budget that we create at the beginning of every year.
Thank you for your books! Looking forward to your next!

On February 16th, 2010, 5:21 PM, TheDebtHawk.com said:

I enjoyed taking the survey Thomas. I am one of the those people living in the expensive North East U.S. and on top of that in the suburbs of a city. As such I would be interested in hearing advice on how to build wealth while living in a high cost of living environment.

Additionally, I am one of those high income, low net worth lawyers with a lot of student loan debt. I would be interested to hear about how to tackle this issue once it is already a problem.

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