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Stop Acting Rich

And Start Living Like a Real Millionaire

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Stop Acting Rich

Written by: Thomas J. Stanley
Narrated by: Fred Stella
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With the current financial crisis, high unemployment, and tight credit, you may be saying to yourself: "Who is acting rich these days? We're barely making ends meet." The reality is that the recession may have caused us to take a breather, but every indication is that we will pick up right where we left off when gentler economic winds blow again. Before you spend another dime, listen to this audiobook and understand how to become rich instead of acting rich.

It all starts with where you live. Live in a prestige neighborhood and you will spend more on everything from your car to your watch. Real millionaires understand that living in communities where their neighbors have less net worth than they do naturally leads to spending less. It's easier to be rich when keeping up with the Joneses hardly costs anything. Life satisfaction comes not from cruising down the highway in a chunk of your net worth, but from having the financial resources to choose - to spend time with family and friends, to volunteer, to pursue interests.

Best-selling author of The Millionaire Next Door and The Millionaire Mind and leading authority on the wealthy, Dr. Thomas Stanley uncovers the truth that few people become rich by way of a high income, and even fewer high-income people are truly rich. The good news is that almost anyone can become wealthy - even without a super high income. Just stop acting...and instead start living like a rich person.

©2009 Thomas J. Stanley (P)2009 Brilliance Audio, Inc. Personal Finance Business Budgeting Money Management

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This book has a lot of great info worth “reading “ but is really hard to listen to. The narrator keeps reading the numbers in the research like two hundred eighty five thousand households out of 2 million eight hundred fifty five thousand which is xxx in percentage…. The info presented is impossible to be thoroughly comprehended in the way of the audiobook during your daily drive. Get a book!

Good content but hard to listen to.

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Eye-opening. This book has been around for a while, but boy, it opens your eyes. I think this is book is one of the few that answers the mindset question on becoming rich and provides statistics of millionaires. I was fascinated by the majority of spending habits of millionaires. Worth a read or a listen. Highly recommend!

Glittering Rich is not the way

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Albeit dated and showing its age with examples and stats drawn 15 years ago, the book is OK and worth listening to.

At times the author spends alot of time ranting on endless examples, notably almost an entire chapter about wine, expensive wine, wine snobs, etc. He seems to take it personally that some people like wine and know about it and are willing to pay more for it...

Overall there are good lessons to be drawn from this book, with practical wisdom that will apeal to those who are trying to make better financial decisions to improve their lives.

The author has passed away a few years ago, however it would be great if someone could revamp this book to make it more relevant to the 2020s.

Dated but still worth reading

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This book seems like it stems from a mindset trapped within the flawed meritocracy belief system.

The ideas presented feel more like virtue signalling and barely any substance based on new research, which makes it feel more like opinion rather than relying on defensible data.

It's also frustratingly repetitive and fails to deliver any real substantive information.

The research presented is decades old, and seems like the scope was narrow. It presents a self fulfilling prophecy because it only focused on an already identified group with an arbitrary, predicted set of characteristics. Affirming the qualities of one group known to have those 'positive' qualities does not automatically establish the opposite set of qualities for other groups you have not researched.

Examining hyper frugal types vs hyper spenders are extremes. Comparing outlier groups is no way to give an accurate view of average people.

For balance, and context, I would have liked to have more research presented about people who are not hyper consumers, do live frugally, but are not millionaires. What is their happiness score? How do they spend, save, and what are the circumstances around their situation?

That feels more like a fair examination of spending and habits that can be examined to compare behaviour.

Not insightful and repetitive

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This book has some valuable info but the “moral of the story” could have been conveyed on a single page. The book is basically a detailed review of survey results, repeating the same concepts over and over again. Very frustrating and disappointing.

Could have fit on one page

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