The Millionaire Mind
by Thomas Standley
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Book Summary Information
Author: Thomas StandleyEdition: Hardcover
Published: 2001
ISBN: 0740756621
Publisher: McMeel
Book Reviews of The Millionaire Mind
Book Review: A Fact-Finding Motivational Read!
Summary: 3 Stars
The Millionaire Mind is an inspiring and fact-filled read backed by "the numbers" as presented by Stanley. Its value is in the motivation more so the "study".
The strong points of the book are:
1) The importance of courage and faith in breaking away from the masses toward financial independence. We've read it before, but the fact that Stanley presents nice case studies to support his academic research is encouraging for those that may need a roadmap.
2) The importance of one's vocation. In today's information rich world where the information is delivered at super fast speeds, many striving entrepeneurs (or established) get bombarded with the next "big thing". One week it's franchises; the next week it's real estate; the next week it's bonds, and it's always the market. Stanley book proves what I always thought to be true: Have a passion for your business, focus on the service/product, and count the money when you have time because with the right team and focus there will be plenty to count at the end of the day.
3) Education: As an entrepeneur that knows plenty of other entrepeneurs I found this section not so much revealing but interesting. There is really no study needed. There are "whiz kid" entrepeneurs as well as the average "Joe" in school finding his way to wealth. However, just in my living in the world I know that intelligent beings are often prone to out-think themselves, or slow to take action because they may be big on having all the facts or information - or something is "just not right." But there are some average people that take no action -- well, because they are average. Most readers of this book are probably aware of the fact that academic intelligence does not necessarily equate to wealth; however, this information didn't necessarily state average is not so bad, but there are two types of intelligence and academic intelligence is just half of the picture of what may determine one's future.
With all that, this book was inspiring at times while at others - downright boring. The chapters are somewhat misplaced because Stanley offers a neat summary in the beginning of the book instead of the end. In addition, this book may have been more interesting (read fun) if it encouraged you to take some action since it's part academic and part motivational. Yes, it's nice to read about the Millionaire Mind, but some simple exercises that may get one thinking would have been great! For example at the end of the vocation chapter, a exercise that asked the questions (which forces the writing and thinking) would have been in order: How much do you love your vocation? Would you do it for no pay? Does it match your desires and skill set? -- etc. etc.
All-in-All I recommend that you read this book slow. It's not a quick read in my opinion because it's not a smooth read. It's a read where you take a chapter at a time to find out something you may have already known, backed by some data (of course presented to support the conclusions), mixed in with a little motivation.
Read it while reading your "how to" and "action" oriented business books -that way you don't lose time while staying motivated and you have a blueprint of some of those that are beside you or beaten a path for you. By the way: The appendixes included in this book are worth your study; note the trends!
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