<prompt> Human: Edit: The title should actually read Why are people still recommending this book?. I should have thought that through a little more.Disclaimer: I have only read the first 13 or so of the book.After seeing this book suggested so often on this sub I decided to pick it up and take a look. Now Im having trouble figuring out why it is so popular. First off I havent read anything groundbreaking. It basically states you should earn a large income and save most of that using techniques that every financially literate person already knows. I guess if you have never explored the ideas of frugality this might be useful, but beyond the very basics it seems pretty useless.Second, it was published in 1996. Every figure that is given seems wildly outdated. The entire book is filled with statistics, which is great, but its 2014. Its difficult to convert 1996 dollars to 2014 dollars while you are reading. The book goes into great detail about things like which professions are the most common among millionaires, which cars they drive, and the lifestyles they live. The problem here is that in the last 20 years there has been an explosion of professions other than doctorlawyerengineer. And for example, the book states early on that Only a minority of millionaires drive a foreign motor vehicle. This has surely changed in the last 20 years. Now often foreign cars are among the most reliable and economic. Because of this, almost all the data in the book on car buying is useless. The book seems to be filled with these kinds of issues. It was probably amazing information to have in the mid 90s, but its been a long time since then.This might be a good book if you have little to no knowledge of personal finances, but for those of you with the basic ideas of frugality it seems like your time would be better spent elsewhere.  <response>: If you read that book with a what should I do? mindset, indeed you will find It basically states you should earn a large income and save most of that using techniques that every financially literate person already knows.When I recommend it and I suspect when it is recommended on this sub, it is to counter someones misinformed ideas about what it means to be a millionaire. That is, if your mindset is I could never be a millionaire or millionaires are either greedy misers or lucky celebrities then the book might change your mind, even 20 years later. The title is, I think, trying to suggest that you might live next door to a millionaire and not know it. That people who, on the surface, look pretty much the same as normal americans, actually have achieved financial independence. Yes, you need to earn a high income and reduce your expenses, but high might be a lot lower than you think, and it might not devastate your lifestyle to dramatically reduce expenses.Having said all that, I agree that the stats are old, so the book is probably not nearly as interesting as it was when I read it 10 years ago, at least not to a general audience. 