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Review title: Millionaire Mind...convincing conclusions, but still relevant?
Product review: In The Millionaire Mind Thomas Stanley uses an exhaustive analysis of statistics to draw convincing conclusions about the characteristics of America's wealthy. Given that data and statistics are often misused, I was pleasantly surprised by the sophistication and disclosure of his analytical approach. Stanley's classification of high-income earners into Balance Sheet Affluent (BA) and Income Statement Affluent (IA) is particularly compelling as it lays bare the follies that likely bankrupt many in the recent economic downturn. Even so, this book is based on the central tendencies of domestically collected data and, thus, I am unsure of its relevance in an increasing global economy where many more transnational factors are at play.
