The Millionaire Mind

Table of Contents

Introduction4

Summary of Content4

Analysis and Evaluation of “An Introduction to Millionaire Mind”, Chapter 15

The Search5

Synopsis from Chapter 15

Conclusion of Search5

Financial Future in Light of Text6

Success Factors6

Synopsis from Chapter 16

Integrity6

Discipline6

Social skills6

A supportive spouse6

Hard Work6

Unique Opportunity and Risk Taking7

Leadership Qualities7

Targeting Niche and Poorly Served Market7

Intellectually Gifted7

Conclusion of Success Factors7

Financial Future in Light of Text7

School Days8

Synopsis from Chapter 18

Conclusion of School Days8

Financial Future in Light of Text8

Courage and Wealth8

Synopsis from Chapter 18

Conclusion of Courage and Wealth9

Financial Future in Light of Text9

Choice of Spouse9

Synopsis from Chapter 19

Conclusion of Choice of Spouse10

Financial Future in Light of Text10

Economically Productive Household10

Synopsis from Chapter 110

Conclusion of Productive Household10

Financial Future in Light of Text10

Millionaire's Home11

Synopsis from Chapter 111

Conclusion of Home11

Financial Future in Light of Text11

Lifestyles11

Synopsis from Chapter 111

Conclusion of Lifestyles12

Financial Future in Light of Text12

Conclusion12

Reference13

The Millionaire Mind

Introduction

The Millionaire Mind, written by Dr. Thomas J. Stanley, sheds light on the personal life of Millionaires who have accumulated wealth over the years and many whom have started from scratch. They had no inherited million dollar properties and yet they have become millionaires in their current generation. This book is a follow-up work from first publication, “The Millionaire Next Door', which was co-authored by Cotter Smith. The book was written on the basis of the surveys and research by the authors in the life of the wealthy and provided insight in the life styles of these people. In the current exceptional revelation into the life of ordinary people, who have generated tremendous wealth, Dr. Stanley incorporates the responses of additional participants, which makes it a more comprehensive piece of work. Dr. Stanley, in “The Mind of Millionaire', has explained additional traits and behaviors of the millionaires which he found in his current research. Dr. Stanley has categorized these details and has provided great detail and primary quotations for the millionaires which gives a firsthand account of their success. These details include critical factors of success which explains the millionaire group. It contains the details on the education and elaborates on its contribution to their current wealth. Dr. Stanley highlights the way they have balances the risks in their lives and their work. This book removes some assumptions made by people about becoming rich overnight and explains on the choice of spouse made by millionaires who they have been happily living for long time. The lifestyle, their criteria of purchasing has also been highlighted in this book as well as it has differentiated their behavior from high spenders of today. We will be reviewing the first chapter of this book, “An Introduction to Millionaire Mind”, which contains the summary of the whole book. Thus our review will incorporate an overview of the whole book mentioned in the first chapter. We will also mention our understanding of each section of the first chapter and will explain our future strategy in light of our learning

Summary of Content

The book is based on additional and previous research conducted by Dr. Stanley, who is also the author of the book and highlights the life styles and ...