Sunday, June 21, 2009

Book Review of Millionaire Nextdoor

One of the worst books I have read on wealth management. The book starts with a hypothesis of the authors that all the millionaires live frugal life. Then it continues to repeat the same philosophy again and again and again. I don’t think that anyone interested in wealth management would be infinitely interested in knowing the facts such as:
  1. Millionaire drive cheap car.
  2. They wear cheap cloths.
  3. Their children hardly know how to handle wealth.
It doesn’t say a word about how to create wealth, what the options are, how economy or personal finance work. If I will have to rate this book I will rate it 2 on a scale of 10.