1. What argument is the author making in this article?
2. Where in the text is this supported?
3. What is your position on the topic? Provide reasonable support for your opinion.
Responses to these questions are DUE BY 8/14/17!
AHS Summer Reading |
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Based on the article above, respond to the following questions in a WELL-DEVELOPED PARAGRAPH:
1. What argument is the author making in this article? 2. Where in the text is this supported? 3. What is your position on the topic? Provide reasonable support for your opinion. Responses to these questions are DUE BY 8/14/17!
150 Comments
Tamia Weston
7/13/2017 10:27:37 pm
The argument that the author is making in the article is that anyone can be a millionaire even if they do not appear to be according to the author. For example, in the article it says "We live well below our means. We wear inexpensive suits and drive American made- cars." Also it says " We define wealth differently. We do not define wealthy, affluent, or rich in terms of material possessions." These examples show that being a millionaire for these citizens does not mean showing off or buying material things. They still work for normal jobs like being a contractor, rice farmer or they are self employed like a doctor or accountant. These "millionaires" make investments and increase their value in what they have then actually millionaires who have nothing or go in debt by buying ridiculous items. People who become millionaires that are common citizens like us use their abilities to get further in life and do not believe the concept of "You have to be born wealthy." Most American millionaires do not receive any income or wealth during their life or inheritance. Many first generation affluent millionaires are frugal and do not go after a rich and extravagant lifestyle like other millionaires do. My position on this topic is that millionaires can be anyone that you know and you would not know it because they do not flash what they own. Millionaires today like to show that they are rich by what they drive or where they live, but a true millionaire is humble and has a normal lifestyle like other American citizens do and do not think of life as possession.
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Tiyana Kennedy
7/22/2017 10:05:57 pm
The argument that the author was making in the article was that basically, don't judge a book by its cover.Anyone can be a millionaire and not necessarily have the appearance of one and vise versa.An example of this in the article is, "they think millionaires own expensive clothes,watches,and other artifacts. We found this is not the case."Another example in the text is "We define wealth differently.We do not define wealthy,affluent,or rich in terms of material possessions."What was interpreted from that, is that being a millionaire or wealthy isn't based around material items.The way they acquired their wealth was being conscious of their spending habits,not living beyond their means.My interpretation of the topic is that you don't have to have a certain appearance to be one of the richest human beings.In the text,they state"thirty-five-year old Texan ,owned a very successful business that built large diesel engines.But he drove a ten- year- old car and wore jeans and a buckskin shirt.He lived in a modest house in a lower-middle-class area."Found that example to be the perspective that everyone should have.Millionaires dont have to be flossy,as jay-z expressed in his recent album(4:44) holding a stack of money to your ear doesnt make you any richer.People should learn not to judge people based on appearances.
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Emma Colton-Heins
7/25/2017 03:10:27 pm
The position Thomas J. Stanley makes in "The Millionaire Next Door" is that millionaires could be anyone who applies the right financial discipline to their lives instead of assuming that walth is handed to you. He supports this with thourough statistical eviedence, showing that the typical millionaire is not the reckless spender who had his life handed to him but instead a first-generation entrepreneur who, comparitively with his age, has scraped his way to the top by spending little and saving a lot. He analyzes who is a millionaire by describing the average millionaire, and by pointing out that they are less likely to spend money than those of lower income, that their kids who actually do have a "better life" end up not making it as much as they did, by comparing net income and using that number to describle wealth, and by analyzing source of wealth through country of orgin. I have no doubt that his statistics are correct, and that the explicit claim that millionairs are not who you expect and that that very idea is holding people back is correct; however, I disagree implicit cliaim that anyone can reach the top (or at least improve their chances) with the right values. He does this by repeatedly associating these values of budgeting, saving, and thrift with millionaires and successful people. In this case, the author briefly address the race counterarguement. However, he only analyzes race and ethnicity as a cultural vs a financial determintent of success, not a social one. It is my firm belief that social issues play a factor in success. Notice that although the top four races are different, they are all white. In the article itself, he says that most millionairs are male, whch correlates to many studies on how woman are precieved in work enviornments. For those born with disabilities and recieving government assistence, they must spend the money they get so as not to reach the cut-off amount and continue recieving benefits. For those who don't fit into a heteronormative frame, oppertunities and advantages are limited. So, although it may be false that those born with financial advantages are the only ones lucky enough to reach the controversal status of "wealthy," social advantages are a significant factor despite any frugalvalues they may have
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Alaina Guidetti
7/27/2017 07:08:02 pm
In the article, " Millionaire Next Door", the augment being made is being a millionaire or wealthy is something anyone one can do. the author talks about how many millionaire today are first generation. these are the people that show us that doing certain financial things can get you to becoming "wealthy".in this article it states how most people categorized are those with materialistic accessories because they have that much money. but In the article is supports that not all people who are just as rich as others do that. certain millionaires are more conservative with there money; causing them to become more wealthy. I agree with this article because I do find it true that if one can manage their money smartly to get themselves to becoming rich is exactly the same as just being a millionaire that has got all their money from a successful company of theirs. All millionaires do not need to buy over priced things. that is not what gives one the title of being a millionaire. what really accounts for it is your wealth.
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Ken Lee
7/29/2017 07:56:15 pm
The author of this article is arguing that our definition of being wealth or being a millionaire is a misconception. That our society believes that the "millionaire" is lives in a mansion, wears clothing that is worth more than household appliances, and is a descendant of a financially successful family, basically, they have an abundance of money to spend on material possessions and born with an advantage of some kind. The real "millionaires" as stated in the article's title can be next door, they don't have to be living a high-class life style to be a millionaire, they can live a modest lifestyle and still be millionaires. This can be seen supported in page 10 paragraph 6, "believed wealthy people inherited their fortunes...Most of them [millionaires being researched] attended public schools, they drove American-made automobiles, they preferred club sandwiches to caviar...most were frugal." Showing that our view of the millionaire is a misconception, they live frugal, thrifty lives, not extremely extravagant ones. I have come to agree on what the author has argued. Being responsible and careful money is the most logical strategy for maintaining and accumulating wealth - no wonder the most thrifty can become millionaires.
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Jahmir White
8/2/2017 11:54:32 am
The argument the authors, Thomas J. Stanley and William D. Danko, are trying to make is that millionaire's don't always drive the most expensive cars or buy the most expensive clothes or live in big mansions. Anyone can be a millionaire, the way you live or look doesn't describe how much money you make. This argument is supported in paragraph 6 where it says, "When my British partner met me, they thought I was one of our truck drivers...They looked all over my office, looked at everyone but me." It also says in paragraph 14 it says, "We live in homes currently valued at an average of $320,000. About half of us have occupied the same home for more than 20 years". My position is that I agree with the authors because not every millionaire shows off all of their money buying big, expensive things and homes. You don't have to look like a millionaire to be a millionaire.
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Cynthia Fowler
8/7/2017 03:51:08 pm
The author of this article is arguing that the majority of successful millionaires are self-made, and that anyone can be a millionaire, despite racial background*. The author supports this claim by giving statistics on the percentage of Russian, Scottish, and Hungarian Americans that are millionaires, and claims that immigrants from these countries are actually more likely to become millionaires than Englishmen. They also give statistics about how most millionaires are first generation, meaning that most millionaires got to where they are from hard work and smart investing. This article, however, made a lot of assumptions that I was not fond of. For example, they say in a disclaimer at the very bottom, that they will mostly refer to millionaires as a 'he' instead of a 'she', because is is 'statistically more likely for them to be so', to paraphrase. This strongly hurts their diversity argument to begin with, and frankly, I found it condescending. Another thing that stuck out to me was that, when talking about diversity, the authors solely mentioned ethnicities that were predominantly white and from Europe (depending on if you count Russia as European or not). I would hardly count this as diversity, considering the fact that in the American census, these groups would be counted as only one of the six ethnicity options, the other five being Asian, Alaskan Native/ Native American, African American, Pacific Islander, and Mixed Race. I feel like the article was making a lot of subtext assumptions as well that I did not like, such as referring to 'millionaires and their wives,' And other biased wording sprinkled throughout their argument.
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Clio Thayer
8/9/2017 11:31:57 am
The argument made in this article is that anyone can be a millionaire. It begins stating that most millionaires don't fit the typical description of what we think a millionaire to look like. It continues to say that most millionaires are first generation and live well below their income, being conservative with their money. It goes on to discuss the different ancestry of millionaires, the definitions of wealth, and more statistics on the status of the average millionaire in America now. I dislike the assumptions made in this article. The sweeping sexist statements made about female relations with finances, the clear greed and selfishness shown by millionaires, and the pretentious assumption that anyone can raise their station with proper saving and business choices. The sexist statements like the idea that females need financial help while males don't and referring to all millionaires as "he" simply rubbed me the wrong way and are not particularly relevant to the author's point. More it's the pretentiousness that ruins their argument. Saying that millionaires don't need "an act of kindness" or any college tuition, and most are self employed ignores the huge groups of people who do exactly that but fail because they lacked one thing all these millionaires had, proper luck and timing. Many people can make all the right decisions and still never change their social or economic status at all. The author is presumptuous and biased for thinking otherwise.
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Gianne Nocus
8/9/2017 11:21:49 pm
In “The Millionaire Next Door,” the author argues that the perception of a “typical millionaire” are often stereotypical. All millionaires aren’t walking gold bars that throw their dollar bills carelessly up in the air. Most are simple, common people that live normal lives just with more zeroes and commas in their bank accounts. The author also claims that most millionaires are self-employed and because of this there is a huge positive correlation to wealth. He also states that “Most of America’s millionaire are first-generation rich” and goes on to explicitly say that “..people of modest backgrounds who believe that only the wealthy produce millionaires are predetermined to remain non-affluent.” He supports this statement with research displaying how self-sufficient millionaires are and further counteract the misconception that millionaires are born with silver spoons in their mouths. Millionaires are frugal and are living the life they are now due to hard work and perseverance and justifies this with more statistics and anecdotes. While the author clearly depicts where one would be and how far they could go from being canny and meticulous with their expenses and profit, his argument is weakened as a result of his patronizing and somewhat bigot tone. He dismisses other circumstances that individuals face despite being savvy and thrifty. A person could be doing all the right things yet certain situations just don’t allow them to obtain the amount of wealth and stability they desire. Another component that weaken and make his claim less persuasive were the research regarding ancestors. The pages regarding that matter clouded his actual points and the research presented just continued to dig him into a hole of ignorance. Diversity doesn’t refer to and isn’t just limited to a few different other European countries, not including those of “English” origin. It is important to learn the value of money and prioritize expenses. However, the bigger picture isn’t whether or not having that skill will turn you into a millionaire. It’s knowing how you can use your money wisely and carefully while keeping a realistic point of view of your situation. Aiming for the stars should never be shunned however, learning to be content and being rich at heart is what should truly matter for those current, soon-to-be and aspiring millionaires.
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8/10/2017 02:51:55 pm
The main theme of the article is that there are many more millionaires in America no than many would expect, and that the prototypical image of a millionaire has changed. The idea of a millionaire, that they have an amazing car and an extravagant house is false now. Most American millionaires live modest lifestyles. The authors used logos to show the reader this, by listing facts and statistics about the typical millionaire. they also use pathos bay telling stories about millionaires, which make them feel more relatable. Personally, I still picture a millionaire in a more stereotypical way, with affluent possessions, and flaunting their wealth. This mad this article interesting, because it challenged my belief.
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Alani Roc
8/11/2017 02:20:28 pm
In this article, the author argues that people have a misconstrued idea on millionaires. While most people believe that millionaires live lavish lifestyles driving imported luxury vehicles in their custom tailored suits with Rolex timepieces on their wrists, the reality is quite the opposite. Most millionaires look just like the average next door neighbor. The author begins the article to prove his point by sharing a short anecdote of a tax officer who flaunted his wealth with materials (despite not being a millionaire) and comparing him to the millionaires who did not so openly display their wealth. To substantiate the argument, the author included statistics, stating that most millionaires live below their means and spend, annually, less than seven percent of their wealth. (Page 2) The authors also challenged the idea that most millionaires were of English descent, stating that those of English origins were ranked fourth in millionaire households, while the Russians lead as the first. (Page 7) This argument went hand in hand with the explanation that most American millionaires were first generation rich, stating that only 19 percent of millionaires received any income or wealth from a trust fund and around 91 percent have never received ownership of a family business. (Page 6) Personally, I believe that a person’s open display of wealth is dependent on a person’s sense of security and preference. Regardless, I also believe that there needs to be more of an equal distribution of wealth and opportunity. Even millionaires themselves feel that women are at more of a disadvantage, stating “As a group, we feel that our daughters are financially handicapped in comparison to our sons. Men seem to make much more money even within the same occupational categories.” (Page 3)
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Patrizzia Espina
8/13/2017 01:18:23 pm
Thomas J. Stanley and William D. Danko, authors of "The Millionaire Next Door", argue that the sterotypical view that most people have of millionaires is not always the case. Typically, a millionaire is thought to be very materialistic with gold watches, expensive tailored suits, and the most up to date vehicles and technology. However, most millionaires are actually just common people that look like you and me. It is stated by the author that, "Only 19 percent recieve any income or wealth of any kind from a trust fund or an estate." and "More than half never recieved as much as $1 in inheritance." (Page 6) The sterotypical thought that people get their wealth through their patents is disproved with these statistics and shows that most millionaires have to work for their wealth. For example, it's stated that "Abut two-thirds of us who are working are self-employed...self-employed people make up less than 20% of the workers in America but account for two-thirds of the millionaires." (Page 2) This clearly shows that common people work hard on their own and we're determined to support themselves and love the way they live now. Overall, I agree with the author because it does give a person more of a chance of becoming a millionaire if they work hard. Millionaires are frugal people and successfully budgeting and saving will allow them to build their pile of money and gain wealth.
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seh meh
8/13/2017 04:50:54 pm
The article "Millionaire next door" by Thomas J. Stanley, Ph. D. and William D. Danko, Ph. D argue that majority of the population portray millionaires as people who purchase expensive items and newest brand but the author of the article argue that millionaires are just like common people. Millionaires don't typically drive sport cars and live in big houses, in fact, as mentioned in page 1, a successful business man drives a ten year old car and live in a modest house. successful people knows how to save and spend their money wisely. Wealth now a days is measured based on the income of the family and their age and not what they posses. (page 4) A family who receives more income than their neighbors are thought to be more wealthier. And most people become successful because of themselves. Researchers claims that "91% never received, as a gift, as much as $1 of the ownership of a family business."(pg. 6) What they have now is due to their own strength. This proves that "millionaires are not born with a silver spoon in their mouth" but was gained through much hard work. I support with the argument that millionaires and success come from our own determination and most millionaires are just like regular people. They don't show off their wealth, not like what people originally thought.
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Cynthia Sengabo,
8/13/2017 05:47:43 pm
The article, “millionaire next door,” portrays an argument that you shouldn't judge people based on their appearance because anyone can be a millionaire. For example, the article stated that, “millionaires often owns expensive clothes, watches and other accessories(page 1).” However, that's not accurately true because anyone can afford those materials if they save their money and invest it or work as a doctor, accountant, and contractor. Another example, “ we define wealth differently. We do not define wealthy, affluent, or rich in terms of material possessions(page 3).” this also shows that being a millionaire doesn't mean showing off or buying expensive items. I agree with the author because anyone can be a millionaire and you don't have to own expensive items to show off.
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Pamela Pantin
8/13/2017 08:33:12 pm
In the article “The Millionaire Next Door: The Surprising Secrets of America’s Wealth”, authors Thomas J. Stanley and William D. Danko argue about the misconception of millionaires among ordinary folks. Two stereotypes of millionaires that both Stanley and Danko debunks in the piece includes the inheritance of wealth and their boastful physical appearance. Many believe that wealth is passed down, however, it is stated in the article that “Fewer than 20 percent inherited 10 percent or more of their wealth.”, “More than half never received as much as $1 in inheritance.”, and last but not least, “Fewer than 10 percent believe they will ever receive an inheritance in the future.” (Page 6) These statistics show that those who are affluent have had to work for their fortune. In fact, children of millionaires are encouraged “to have a better life… to spend many years in college.” (Page 10) They continue on to state that this type of encouragement actually inhibits the road to being an entrepreneur, like their parent(s). In addition, people misconstrue the appearance a wealthy person must have. Millionaires live life without foreign sports cars, $5,000 watches, and other materialistic possessions, and instead lead humble ones. In the beginning of the article, Stanley and Danko share a short story of a trust department vice president who could not believe the bland-looking millionaires among a hosted dinner. On the other hand, he himself owns expensive suits and watch, as well as a foreign motor vehicle, despite his inferior salary. In the piece, the authors bring up a quote made by a success business owner, stating, “My business does not look pretty. I don't play the part… When my British partners first met me, they thought I was one of our truck drivers… I don’t own big hats, but I have a lot of cattle.” (Page 1) This disproves the outlook on millionaires that they must want to show-off their money with material things. Overall, my position on this topic is fairly neutral. Those within the entrepreneurial business is most-likely to be an example of what both the authors are arguing for, however, wealthy people within, say music/entertainment business, are likely to follow the millionaire prototype that is shared between those who aren’t rich.
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Tyler Weaver
8/13/2017 10:00:21 pm
In the article the Millionaire next door. By Thomas J. Stanley
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Areania Ashley
8/13/2017 10:33:52 pm
The argument the author makes in the article, "The Millionaire Next Door", is that even though you may not look the part, doesn't mean you aren't qualified for it. For example, page 1 states, "when my British partners first met me, they thought I was one of the truck drivers... They looked all over my office, looked at everyone but me." The 35 year old Texan business man does not dress to the amount of his net worth, yet he is very successful. I do agree with the argument throughout the article. If you have a passion or even save your money accordingly, you can have the opportunity to become a millionaire. Whether you want to live in a middle class neighbor, drive a car that's not a current year model, you can obtain anything to better yourself. It's the way you use your money that comes to play.
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Christopher Cedeno
8/14/2017 12:24:01 am
The argument that Thomas J Stanley and William D. Danko is that the archetype that people have of millionaires is not exactly correct. People think that millionaires are people who own many foreign cars, have the best and most expensive clothes, and etc. However, most millionaires are not the archetypal millionaire and the true millionaires could live next door. The authors of this article uses a lot of evidence to support this. One is in the first page in the "Big Hat No Cattle" section. This section is about a 35 year old Texan and his successful business. The man wears jeans and a buckskin shirt, has a 10 year old car, and lives in a modest house in a lower-middle class area. The guy doesn't really look the part according to people but he is the real millionaire. Another example that supports their argument is in the " Winning Ancestry Groups" section. The writers break the archetype of the average millionaire by showing them who the real average millionaire is. It turns out that the "winning" ancestry group is not the British but the Russians. The last example is in the " The Authors And Toddy And Alex" section. It shows Toddy, a corporate vice president of a large corporation. He has the same archetype of the average millionaire as average people do. The authors were asked to make a study of affluent America and toddy joins in. He was surprise to meet most of the first generation affluent. Most weren't English, Most went to public schools, Most drove American vehicles, and most were frugal. Most people would think that millionaires have to be people who go to fancy, expensive colleges, are overwhelmingly English, drive a foreign vehicle, and spend a lot of money. Toddy, just like the average person, is surprised by this. The authors of the article are, in my opinion, right about what they talk about. To be rich a person must first spend their money wisely and they should try to save when possible. A person shouldn't spend to their heart's contend and just throw money at the wall. The article has shown many times that a real millionaire is a person who spends their money wisely.
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Kevina Burgess
8/14/2017 12:08:20 pm
In the article the "Millionaire Next Door" the general idea is about the way people stereo typically see millionaires.People perceive them as having to dress and act rich whereas the average rich person isn't like that.Rather, to classify a person as wealthy there are certain standard that are to be met. According to page 4 "The Definition of Wealth" And "How Wealthy You Should Be". I personally believe that this stance is true. Not all wealthy rich people are what i personally perceived then to be.
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Bridget Whelan
8/14/2017 01:23:10 pm
In " The Millionaire Next Door", the author argues that our definition of a typically rich/well off person is stereotypical. Our society tends to believe that "millionaires" live in mansions, only wear name brand clothing, and waste their money on whatever they may find amusing. They also think that the rich were born at an advantage by having descendants that are/were financially successful. Just because someone is a millionaire doesn't mean they are any different than the average Joe. "It is believed that wealthy people inherit their fortunes.. most of them attended public schools, they drove American made automobiles, they preferred club sandwiches to caviar..." (page 10, paragraph 6). this direct quote supports the fact that our view on millionaires is a misconception. I personally believe that Thomas J. Stanley's argument is valid. Assuming that wealthy people are selfish and greedy is wrong; just because someone is well off doesn't make them any different than yourself. Money does not define who someone is, it's what they decide to do with it that does.
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Laura Marin
8/14/2017 06:07:05 pm
The argument made in the article "Millionaire Next Door" is that there are many factors besides appearance that determine if someone is considered wealthy. The writer explains that a true "rich" person is the one who cares more about investing, saving, and owning valuable assets than those who have high spending tendencies in order to appear a certain way to to others (p.3). Furthermore, it is mentioned that annual income does not necessarily determine if someone is wealthy. It is the individual's personal values, determination to work, and money habits that dictate someone's possibilities to become a millionaire. According to this statement, anyone can become a millionaire but what prevents the majority of society from actually achieving this is the way our society is set up. This also leads to the fact mentioned that small ethnic groups and immigrants tend to become wealthier than their offspring or other Americans, because of their different perspectives on spending (p.9). In my opinion, i think it makes sense that the common habit of spending the money we do not have and keep up appearances of what we are not are what keep many people from building wealth. However I believe that this is slowly changing thanks to the new opportunities given to young people by advancing technologies and the development of cultures in general. Although its a slow change, people now are more creative than ever and more connected to one another which opens new doors to new ways of making money and investing it in order to become self-sustained people.
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Jeimy
8/14/2017 06:33:23 pm
The argument made in the article "millionaire next door" is that in some cases the average millioner lives like an ordinary person.all throughout the reading are exsamples given as to how and why ,for example the basic idea of a millionaire is one who expends their money on unnecessarily expensive things like cars,houses,suits etc.in the reading it says "we wear inexpensive suits and drive American-made cars.only a manoirity of us drive a current-model-year automobile".further backing up the argument made about millioners they also happen to live on only 7% of their wealth.hard to believe consedering the amount of things that can me done with the money they earn.on the topic of the stereotypical image giving to those called milioneres they aren't all of English decent.ofcouse one might know this little fact already but in reallity they done even make the it to the top 3.in the article it is stated that Russian is number one,Scottish is in second place,and Hungarian in third.my option in this suspect is that yes,you can be extremely wealthy and not necessarily have to show it off or let me be known.i say this because someone who is wealthy will know better than to buy an expensive car that they will just be wasting there money on instead of buying a least expensive
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Jeimy mena
8/14/2017 06:36:30 pm
The argument made in the article "millionaire next door" is that in some cases the average millioner lives like an ordinary person.all throughout the reading are exsamples given as to how and why ,for example the basic idea of a millionaire is one who expends their money on unnecessarily expensive things like cars,houses,suits etc.in the reading it says "we wear inexpensive suits and drive American-made cars.only a manoirity of us drive a current-model-year automobile".further backing up the argument made about millioners they also happen to live on only 7% of their wealth.hard to believe consedering the amount of things that can me done with the money they earn.on the topic of the stereotypical image giving to those called milioneres they aren't all of English decent.ofcouse one might know this little fact already but in reallity they done even make the it to the top 3.in the article it is stated that Russian is number one,Scottish is in second place,and Hungarian in third.my option in this suspect is that yes,you can be extremely wealthy and not necessarily have to show it off or let me be known.i say this because someone who is weather will have a better understanding of how many works and instead of purchasing an expensive items they will buy one for a lower price and does the same thing.
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Maria Natera
8/14/2017 08:34:54 pm
In the article, "The Millionaire Next Door: The Surprising Secrets of America's Wealthy," Thomas J. Stanley and William D. Danko argue the misconceptions we have of America's affluent population claiming it strays far beyond from the reality. Contrary to popular belief millionaires aren't born with a silver spoon in their mouth neither did they inherit their wealth from their parents. “We live well below our means. We wear inexpensive suits and drive American-made cars.” (Page 2) Many modern millionaires are first generation who attended public schools, drove inexpensive/domestic cars, preferred the average sandwich to caviar, are frugal with the money they accumulated and most importantly worked hard to attain their status. Modern millionaires are self employed who took advantage of America's fluid social system and economy to rise up, investing and building their connections with multiple businesses. In fact, according to authors Stanley and Danko, "There are many people today who are on their way to becoming wealthy. And there are many others who are spending their way out of the affluent category." (Page 7) In time, however, millionaires today will not succeed in 2-3 generations, as their children will adapt to high consumption lifestyle and become UAWs or under accumulators of wealth. Although, some millionaires accumulate their wealth to pass onto their children or better the lives of their children, "less than one in five" become like their parents and instead become PAWs or prodigious accumulator of wealth as a result of economic drawbacks. Take Victor's children for example, although they earned higher education, as an adult they realized that earning that education means a high level of consumption. Unlike popular belief millionaires don't live a high consumption lifestyle but one that secures their stability in 5, 10, 15 years. Overall, my opinion on this topic is neither of support or opposition but uninvolved. Millionaires are just the same as the rest of us in society. Who becomes a millionaire is simply by the draw of the hand and taking a risk at a competitive and fluid economy. Whether they are misjudged about their appearances or lifestyle, they share similar morals and beliefs a non-millionaire would have in terms of making and maintaining a living. Although, non-millionaires can't conjure up the same amount of money as modern millionaires they work hard and maintain a stable lifestyle for themselves and their family. We walk the same path but with different amount of money in our hands.
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Max Heller
8/14/2017 08:43:33 pm
In the article, "Millionaire Next Door", authors Stanley and Danko argue that Americans falsely associate high consumption lifestyles with wealth. In reality, they argue, many millionaires spend much less than would be expected of them and instead put more of their earnings towards savings and investments. While many who hope to portray themselves as wealthy purchase expensive suits, watches, and cars, the authors reveal that those with actual wealth tend to be more frugal. Stanley and Danko also attack the idea that the majority of millionaires inherited wealth or came from England. They write that, while a significant portion of wealthy Americans have English heritage, there are many other ethnic groups that have higher percentages of millionaires. For example, they show that a disproportionately high percentage of Scots are wealthy. In addition, a surprising amount of millionaires are the first generation to be wealthy. According to research on millionaires households, fewer than 20% inherited 10% or more of their wealth (page 6). Overall, the authors develop the central idea that millionaires are not those lucky enough to be born into wealth, but hard-working Americans who save and invest instead of living lavishly. Personally, I don't find their article very surprising. Especially in recent years with the continuing boom of tech and Silicon Valley, millionaires don't fit the stereotypes anymore. Millionaires of the present day come in many shapes and sizes, from techies in tshirts to hardworking, self-employed Americans with a tendency to save and invest. While income is certainly a factor in wealth, the ability to limit spending and accumulate wealth is far more important.
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Siyan Johnson
8/14/2017 09:55:53 pm
The author of this article is making a clear argument of what our perception of being a millionaire is as a misconception. Being that our society see's the "millionaire" living in a mansion, born into success from rich fore fathers. Although the most assumed is the abundance of money which is shown through possessions bought. "Millionaires" can be next door, living what may seem to be a lower to middle-class life and still be millionaires. Most true millionaires spend less than most would be expected of them and instead put more of their attention into preserving what wealth they have. Those who portray themselves as wealthy purchase and spend more than what they initially have.
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Leanna Gardner
8/14/2017 10:29:34 pm
In the article, "The Millionaire next Door", the author makes an argument and claims that rich people are often mistaken as not millionaires because of the way they may dress and look, whereas people who wear $5,000 watches and expensive suits and are not millionaires, are often mistaken as being the millionaires. This point is made many times throughout the article, for example, the author states that most millionaires actually don't spend as much as lower class people do, and that they don't buy the newest brands of cars or imported luxury cars, they usually actually own older American made brands. My position on this article is that it's interesting to know this because I feel that so many people stereotype people to be seen as something specific, like most people think wealthy/rich people wear expensive suits and expensive jewelry, but from this article, it shows us that that's not true and actually quite the opposite. I think it's important that people know this so we don't have to keep stereotyping people.
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Sion Hardy
8/15/2017 12:02:35 am
The argument that the author is trying to make is that not every wealthy individual appears to be the stereotypical materialistic person that many would expect them to be. The author expresses that even though some people may be wealthy, many of them lead a lifestyle that is ordinary or simple. Therefore there is no specific "look" for a millionaire. For example, the text says "most millionaires are not driving this year's model." This shows that material objects in some cases do not hold as much importance millionaires as expected.
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Sion Hardy
8/15/2017 12:06:13 am
Personally I believe that this point is valid and interesting because it shows that things may not always be what they seem and stereotypes can be very well false. I agree with how this article allows readers to stray away from the stereotypical image of a millionaire with materialistic values and be more conscious about how any type of individual can be a millionaire
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Matthew Milligan
8/18/2017 06:05:17 pm
In the article authors Stanley and Danko claim that most millionaires are not actually what they are stereotyped to be like. They do not spend as much on material items as someone who is not as rich might. People who spend a large amount of money compared to their income in Texas are referred to "Big hat no cattle". I agree with this claim because the few millionaires that spend a lot of money are the ones we see on T.V. and they are the same ones over and over again. Which shows that a large number of the millionaires keep a low profile. This makes us believe that the only millionaires are the ones we hear about on T.V.
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Kathryn Connell
8/21/2017 05:43:16 pm
In the article, "Millionaire Next Door", Thomas Stanley and William Danko are arguing that most millionaires are everyday people, and not the overspending and well dressed people one would imagine. They state in the text that the trust officer spends to appear rich, but more often a millionaire is someone who conserves their income. They also point out that many American Millionaires are self-made first generation millionaires. This is unsurprising due to the fact that conserving money leads to greater affluence.
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Tamera Thomas
8/23/2017 02:29:32 pm
In the article "The Millionaire Next Door" Thomas Stanley and William Danko make the point of most millionaires do not fit the narrative and stereotypes of what "typical millionaires" should be like in terms of what they look like and how they act. One example of this is in the "Big Hat No Cattle" section of the article. A "thirty-five-year-old Texan" owned a very successful business for large diesel engines but "drove a ten-year-old car and wore jeans and a buckskin shirt". He lived in a considered "modest" area and lived next to fireman and mechanics, those who are not considered millionaires. The authors also provided many facts and statistics from actual millionaires. One in particular talked about how on average, they "invest nearly 20% of our household realized income each year...79% of them have at least one account with a brokerage company'. Many wealthy individuals do not flaunt their wealth through materialism and lavish lifestyles. Many invest or have low consumption lifestyles which help sustain generations. I think this article did a great job at refuting misconceptions about wealthy individuals and can possibly inspire people who aspire to be wealthy to follow the ways of the individuals in the article by living humbly and use their money wisely.
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Camryn Estrada
8/23/2017 09:40:30 pm
In the article "The Millionaire Next Door" the authors argument is that a majority of people think that millionaires own expensive clothes, jewelry, and the fanciest of cars. Although this is found not to be true. Most millionaires live an average lifestyle. In the article it states a 35 year old Texan, who owned a very successful business that rebuilt large engines. But he drove a 10 year old car, wore jeans, a buckskin shirt, and he lived in a modest house in a lower middle class area. (Paragraph 6) This goes to show that millionaires don't necessarily have the best cars, and live in mansions. In my opinion I agree with the author as many people are misjudged by the money they have, the clothes they wear, and the place they live. The article shows us that most millionaires keep a low profile.
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Sarha Smith
8/25/2017 07:24:36 am
The author of "Millionaire Next Door" argues that anyone can be a millionaire and many millionaires live pretty average lifestyles. Only a small percentage of millionaires drive the newest make and model of cars and an even smaller portion own luxary cars. The common thought is a millionaire looks expensive and luxurious but as 35 year old Texan shows us this isnt always the case. He owned a very big bussiness that rebuilt large diesel engines. the business didnt look too fancy and neither did his house or 10 year old car but the man was a millionare. I agree with the authors stance on the topic this shows that anyone can be a millionare and you may not even know it. millionares can live an average life just like everyone else.
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Grace Palmer
8/26/2017 08:41:43 am
In the article " Millionaire Next Door ", the author discusses how many people are millionaires, even if they do not appear to be. He argues that the people who are often millionaires, do not show qualities that they are assumed to have. For example when the term millionaire is brought up, many seem to jump to the conclusion that millionaires are individuals who spend extravagant amounts of money on things like cars and houses and vacations. However in most cases, this is not necessarily true. In the text it says " Thus they apparently know how to live on a fireman's and secretary's income and still save and invest a good bit." " They likely have a low-consumption lifestyle." This piece of text supports the fact that many millionaires are simply wealthy becuase they worked hard at a dull normal everyday job. I agree with the position the author takes on millionaires. I believe that for many wealthy people it is simply a matter of knowing how to handle money and also knowing how to save and invest correctly. For example in the text it says " Fewer than 20 percent inherited 10 percent or more of their wealth." This shows that most millionaires do earn and make their own money as opposed to earning through inheritance which is what most people think.
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Travon Fallen
8/26/2017 12:38:46 pm
The argument that Thomas J. Stanley,the author is trying to make is that there is no such thing as to "looking like a millionaire." This statement is proved in paragraph 1 when the author states," These people cannot be millionaire! They don't look like millionaires, they don't dress like millionaires, they don't eat like millionaires, they don't act like millionaires--they don't even have millionaire names. Where are the millionaires that look like millionaires?" This quote shows how people are being stereotypical when it comes down to telling whether or not to decide if someone is " millionaire worthy." I agree that you don't have to like like a millionaire to be one. One reason why is because you would want people to treat you the same way if you were broke than if you were rich. This is an example of why I agree.
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Antalia McLean
8/27/2017 09:01:57 pm
In the article, " The Millionaire Next Door" Thomas Stanley and William Danko argues that people gives stereotypes that millionaires own expensive clothing, jewelry, and the best cars. It is proven that many millionaires live average lifestyles, and only a small percentage of millionaires fit the stereotype. This is supported, when it states, " We lives well below our means we wear inexpensive suits and drive American made-cars." Also, it's says, " we define wealthy, affluent, or rich in terms of material possessions". This shows that these millionaires don't run their money up to buy materialistic things. Also, they work normal jobs and invest their money in other things, and live their lives as if they didn't have the money that they have . My position on the topic is that people should learn to not judge people based on their appearances and net worth.
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Martinique Robison
8/29/2017 09:10:08 pm
In the article " Millionaire Next Door ", authors Thomas Stanley and William Danko argues that millionaires are not what they appear to be. They don't advertise the amount of money they have through appearance, media, etc. Most millionaires have pretty average lives. This is supported in the text when stated, "most millionaires are not driving this year's model." I agree with Stanely's and Danko's argument because everything is not always what it seems.
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(Monica) Gail Cabahug
8/30/2017 04:09:10 pm
In their article, “The Millionaire Next Door,” Thomas J. Stanley and William D. Danko debunk common misconceptions of what makes a millionaire. They explain that the vast majority of millionaires are those who do not appear to be so. They support this claim throughout the article with numerous examples of those whose net worths are much more than their high professional counterparts. For example, the authors compare two men, Mr. Richards and Mr. Ford. They analyze both mens incomes, ages, jobs, and compute their net worth, coming to the conclusion that while Mr. Ford appears to be wealthier (in material goods), Mr. Richards’s net worth is much higher. By doing so, the authors show that leaving below your means and living a less consuming lifestyle can increase your net worth. The authors then go on to point out that, while many of these unexpected millionaires could simply breed their children to take over the family business one day, they don’t. For example, the authors write about a man named Victor who invests in his children’s education. He adamantly wants a different life for his children (one he believes will be better than his), which stresses the importance of education. I personally agree with the idea that higher education should be invested in, but I do acknowledge that their are other ways of making a living. Like the authors imply, its important to be smart about what one does with the money they make. In their article, the authors repeatedly show that living below your means can contribute to higher net worths. So, if more people were educated and got higher paying jobs (in addition to living below their means), their net worths would soar.
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Yverdon Okoren
8/30/2017 05:31:00 pm
The authors in this article, Stanley and Danko argue that wealth isn't based on what they show and how much one earns, but on how they manage their own money. This is supported by their display of their survey on America's millionaires, with the data showing how most are frugal with their spending and can have a lower net worth than expected. In terms of wealth, it seems very likely that one can maintain their net worth in the millions through smart usage of the money. It's one thing to have the resources to be reach but another to be able to maintain it throughout your life. The behavior of first-generation millionaires explain this reasoning itself. They didn't have to be of English descent but took advantage of what they could when coming into America.
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Nicholas Joslin
8/30/2017 07:26:59 pm
In the article, the author is claiming that the image and concepts that come with millionaires are different than perceived. The stereotype is that millionaires drive expensive cars and spend all their money on ridiculous, unnecessary things when in reality a majority live modest and comfortable lives. For example, in paragraph 6 where it says, "When my British partner met me, they thought I was one of our truck drivers...They looked all over my office, looked at everyone but me." This shows that these millionaires can be misconceived as a person with average wealth while still maintaining the great deal of money they earned. The article opened my eyes and made me realize what you see at first with someone can not provide enough information to show who they truly are. Not all people with money feel the need to flaunt and show off what they have, just simply having it is satisfactory enough for themselves.
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Michael O'Neil
8/30/2017 09:54:26 pm
The authors of the article argue that the lifestyles of actual millionaires are much different than those of people we see as millionaires. They support this in the text by providing accounts of actual millionaires mistaken for regular people because they do not frivolously spend their money on expensive things. The article points out that most actual millionaires conserve their money. The article made a lot of sense to me, the best way to keep your wealth is to be smart about it. Life isnt about showing off its about providing for yourself and others.
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Zakirah Fiddemon
8/31/2017 10:34:33 am
In the article, the author is arguing that what society views as a standard image for a millionaire is not the set in stone "image" for who can and can not be a millionaire. The author also argues that societies "luxury millionaire" image is very wrong. For example society pushes the image of millionaires dripping in designer and driving luxury cars. But in the article the author disputes that by stating “We live well below our means. We wear inexpensive suits and drive American-made cars.” (Page 2). I believe that the author is correct many millionaires come in different "forms", some spend way above their limits and some millionaires will blend in with societies image of "middle class". I believe it all depends on the individual and their up bringing.
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Vina Baz
8/31/2017 01:33:56 pm
Stanley and Danko are making an argument that some millionaires don't look or act like "typical" rich people an average person might see. In fact, they don't flaunt their wealth at all which is the opposite of how a stereotypical millionaire acts. Their lifestyle depicts the activities of an average middle-class individual. Instead of throwing away money, these millionaires contain and receive their wealth through investments. The argument is supported by various examples of millionaires who live similarly as a regular person. For example, one states they live below their means while also wearing inexpensive clothes and working over forty-five hours per week. I agree with the article; one doesn't have to look like a millionaire just because they are. The effective way of making more money is to invest and to hold stocks.
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Ericka Kenan
8/31/2017 05:17:42 pm
In the article, "The Millionaire Next Door" the authors argument is that most millionaires live a straightforward life. The authors also argue that the ideal images of a millionaire are false. The authors interviewed people who net worth made them wealthy. The average millionaires defined what it means to be a millionaire in the present society. Stanley and Danko believes that wealth is not the only way a millionaire should be determined.The authors explains that the people who saves and does not have a high spending habit are the people who has lasting wealth. (page 1). The authors state, "In the course of our investigations, we discovered seven common denominators among those who successfully build wealth." This is implying that wealth is based on the individual's lifestyle rather than how much money they have. I agree with the authors argument because it is possible for anyone to be a millionaire if they invest their money. Having expensive things does not automatically give someone the title of being a millionaire.
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Ko Koh
8/31/2017 07:50:34 pm
In the article "The Millionaire Next Door", author Thomas J. Stanley and William D. Danko argues that our society tends to believe millionaires wears expensive brands and owns big houses, but in reality they're no different from an typical average person. According to the article, being wealthy is defined by your net worth that determines the current value of one's assets. For example, Mr. and Mrs. Bobbins both works as governments' jobs, a fireman and a secretary. Mr.Bobbins's net worth approximately $225,500 alone and since they have been accumulate above average to the amount I'd net worth, they are well off now. Authors Stanley and Danko also mentioned "Most people who becomes millionaires have confidence in their abilities."(page 6), which means you are not born with wealthiness in your hands, but it is what you can works for and knowing how to build up your own lifestyles. I strongly agrees with authors Stanley and Danko because I also believe that you woulndy know if someone's a millionaire because they don't tend to show it in their profile but how they characterizes their behaviors in building up wealthiness. This is a very influencial way of teaching young people that such stereotypes can be false in many ways.
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Hannah Passaretti
9/1/2017 02:43:16 pm
In the article, "The Millionaire Next Door", the author is arguing that the typical millionaire can be decieving from the millionaire stereotype. The authors make a list of traits that the typical millionaire would posses and includes statistics, further supporting the argument. The difference between the stereotypical millionaire and a realistic one is further proven when they talk about the definition of wealthy. It is a theme throughout the article that truly wealthy people are cautious with their money and spend it sparsely compared to the average American. I agree that the majority of wealthy people are not usually seen as how a millionaire should look. This could be true because they are more interested in obtaining long term success than materialistic items.
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Peyton Hunt
9/2/2017 09:03:04 am
In "The Millionaire Next Door", the authors argue that the typical millionaire is unlike the typical millionaire stereotype. Authors Thomas Stanley and William Danko use statistics from an average millionaire, as well as real examples from people they met while doing research for their book. For example, they use the case of "Victor" to describe a first generation American who becomes a millionaire, and then inhibits his kids from doing the same by providing them with some share of his wealth. Stanley and Danko also argue the type of people who generally become millionaires, and how this differs from common misconceptions. For example, they state: "In general, the longer the average member of an ancestry group has been in America, the more likely he or she will become fully socialized to our high-consumption lifestyle." This fact highlights the American way of consumerism and how this reflects badly on ones wealth. Therefore, the typical picture of a millionaire driving expensive cars and owning expensive things is, more often than not, incorrect. I agree with the authors position of the topic and believe that anyone can be a millionaire, as well as the arguments that consumerism does not equal wealth, and lifestyles do not define actual net worth. As said in the article, most millionaires "don't own big hats, but have a lot of cattle."
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Jack Rosenzweig
9/2/2017 02:23:07 pm
In the article, "The Millionaire Next Door", the author is arguing that the typical millionaire can be decieving from the millionaire stereotype. The authors make a list of traits that the typical millionaire would posses and includes statistics, further supporting the argument. The difference between the stereotypical millionaire and a realistic one is further proven when they talk about the definition of wealthy. It is a theme throughout the article that truly wealthy people are cautious with their money and spend it sparsely compared to the average American. I agree that the majority of wealthy people are not usually seen as how a millionaire should look. This could be true because they are more interested in obtaining long term success than materialistic items.
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Tajbe Starja
9/2/2017 04:53:31 pm
The argument supported in the article "The Millionaire Next Door" is that anyone can be a millionaire. The author explains how the perceptions people have of millionaires can often be stereotypical. The author claims that all millionaires aren't careless with their money and they are self made. Through the rhetorical question "Where are the millionaires who look like millionaires?" the author supports the idea that millionaires are thought to look and act a certain way. "This level of wealth can be attained in one generation. It can be attained by many Americans" is a statement showing becoming a millionaire is attainable for anyone. I agree with the authors claim. Working hard to achieve your goals can lead you to success beyond expectations.
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Jessica Johnson
9/2/2017 05:28:10 pm
In the article "Millionaire Next Door", the author makes the argument that any individual can become a millionaire if they use the right financial skills/practices and work hard, rather than sitting and waiting for the wealth to come to them. It doesn't matter who you are or your wealth class, you can still become a millionaire if you put in the work ethic. By supporting his argument, he references that most millionaires are first generation self made, from creating their own name/brand for themselves. The perception of millionaires are often stereotypical; fancy cars, suits and jewelry, and lavish lifestyles. Often involve racial stereotyping making it seem unachievable, but the author proves to the audience by using examples that that is simply inaccurate. An example of this statistical analysis is on page 6; "91% never received, as a gift, as much as $1 of the ownership of a family business." Even though an individual is born into a wealthy class it does not necessarily mean they are handed the wealth their family already has. Like their parents, they build up their own wealth and become self made over several years, investing and saving to becoming a millionaire. A normal person who may be lower class could easily do the same, it's all about time and money management, working hard to earn what you have. Another example is on page 2; "We live well below our means. We wear inexpensive suits and drive American-made cars.” Many people who believe becoming a millionaire is unachievable don't take into account that not all wealthy people just spend their money because they have it, they save and work harder to gain even more money. They can live like normal people with a comfortable lifestyle, just with more money than the general population, so this perception shouldn't be the way it is. However, I am in between right and wrong on the topic. Yes, it is easy in the current generation to become self made and a large social influencer online or a business entrepreneur, but that is only if the general public takes a liking to you. Anyone can make millions, but it depends how society reacts to your ideas or personality. If you aren't like able or good enough, you simply can't on social media. Even if you tried very hard, even saving when working a normal job, it would take maybe half your lifetime to make that much unless you have a high title in some company/business. I think it is achievable, but it is very hard and takes a lot of time/practice, which some people just aren't willing to wait that long.
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Ryhan Din
9/2/2017 09:44:17 pm
The author makes the point that anyone can be a millionaire and people are judged by appearance. For example, in the article it says "We live well below our means. We wear inexpensive suits and drive American made- cars." Also it says " We define wealth differently. We do not define wealthy, affluent, or rich in terms of material possessions." These examples show that being a millionaire for these citizens does not mean showing off or buying material things. They still work for normal jobs like being a contractor, rice farmer or they are self employed like a doctor or accountant. I do believe people are judged on their appearance and nothing else. Donald Trump would be a known millionaire but there are others that are not.
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Jahiaire Byrd
9/3/2017 08:32:11 pm
Thomas J. Stanley, and William D. Danko, authors of, "The Millionaire Next Door" disgust the word wealth and the ways people determine who's wealthy, and how they should determine wealthiness. They believe someone's wealth should be looked on by how much your net worth is. If it' bigger then the average person in your income and age category, then you are considered wealthy. Someone with expensive watches, and luxurious cars shouldn't be how people determine someone a wealthy, just like what a thirty five year old Texan said, "Big Hat No Cattle". I believe people should look at wealth by how someone's life is compared to the average person in their income and age group rather then appearances because looks don't mean anything if you don't have the money or power to back it up.
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Jorelle Rivera
9/4/2017 08:12:44 am
The article, "The Millionaire Next Door" argues that the typical millionaire lives more of an average lifestyle than the stereotypical 'lavish' life. The authors Thomas Stanly and William Danko claim that millionaires do not spend as much on materials as someone might have deceived or when compared to someone who is not rich. This is supported when they compare the difference between the stereotypical millionaire and a realistic one when talking about the definition of wealthy. I agree that most wealthy people are not usually seen as how millionaires should look. They're more focused on obtaining success in a long term.
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Maddy Arduino
9/4/2017 07:03:40 pm
In the article called "Millionaire Next Door," written by Thomas J. Stanley and William D. Danko is that the word "rich" can often be taken as having a lot of money and owning expensive items but actually anyone around you could be a millionaire just that they don't look the part for it. You can see in paragraph two in a comment made by a trust officer who had the same idea that most people have of millionaires, but actually some are millionaires who you could be passing by. Evidence is seen in a conversation with a thirty-five Texan, who owned a business that rebuilt large diesel engines but didn't look the part of a typical millionaire. He mentioned that when his partners first met him, his looks were deceiving at first because they had mistaken him for a truck driver until one of them realized where they were. I think that yes anyone around you could be a millionaire and you wouldn't know because of what the word "millionaire" is most commonly know as in to be famous, dress up or having all the latest things, but someone who is a millionaire may not be as focused on having those materials and could go about their day as every other person does and no one would know.
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9/4/2017 07:13:17 pm
The article "The Millionaire Next Door " by Thomas J. Stanley and William D. Danko introduces us to the reality of most millionaires living in this country.Most millionaires in this country are not always individuals who inherited their wealth and live extravagant lifestyles but rather first generation millionaires who earned their wealth through saving and investing their resources. Stanley and Danko use their research of millionaire households to prove that gaining wealth is not only possible but also achievable in today's society. For example, the authors state "We live well below our means, we wear inexpensive suits and drive American made cars.(page 2) The frugal way of life is an element in achieving wealth rather a lavish high consumption life. I believe that we should be PAW's in order to achieve wealth rather than a UAW because UAW's don't keep track of their resources which leads to less wealth in terms of net worth.
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Celena Gomez
9/4/2017 09:10:10 pm
The argument that authors Thomas J. Stanley and William D. Danko make in the article "The Millionaire Next Door " is that millionaires don't live the stereotypical life style that people usually think. "They think millionaires own expensive clothes, watches, and other status artifacts. We have found this is not the case". Most of them are people who know how to use their money to beneficial means (not big spenders) "We live well below our means we wear inexpensive suits and drive American-made car only". I agree that just because a person is a millionaire doesn't mean they have to live wealthy life styles, they usually are millionaires because they don't live wealthy life styles. That would basically be saying if you own a car you never walk.
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L S
9/5/2017 12:09:00 am
The argument the author makes in this article is that society believes that you have to look like a millionaire in order to be one, but you don't. This is supported by "Big Hat No Cattle" when he states a Texan owned a successful business but drove a ten year old car and wore jeans and a buckskin shirt. Another example is when he talks about how his British friends thought he was one of the truck drivers when they first met him. He was being judged off his looks. I believe that his belief is true because you don't always have to appear a certain way just because of your profession.
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adam zak
9/5/2017 01:15:04 am
The argument presented in the article, 'The Millionaire Next Door' is that not all millionaires have the same cover, or exterior and follow stereotypes. Stereotypes including expensive goods like clothing and pieces of art. This argument is supported when the Texan millionaire has the appearance of a normal working man, however, was a millionaire. I feel that one shouldn't assume another's wealth based on their appearance because people may have different priorities and their appearance might not be at the top.
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mudhar
9/5/2017 08:52:42 am
The main theme of the article is that there are many more millionaires in America more than many would expect, and that the stereotypical image of a millionaire has changed. The authors used logos to show the reader that millionaires live modest average american life. The author used pathos in order to allow the audience to have a connection by telling stories. This connection has changed the way i think about millionaires and it helped me relate to them better. Personally, then stereotypical millionaires life is what most people want to live so it is fun to keep imagining it.
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Etan Kaziyev
9/5/2017 11:21:44 am
In this article, authors Thomas J. Stanley and William D. Danko make the claim that most millionaires are just like normal people. For example in "Big Hat No Cattle", a very successful businessman wore nothing more than cowboy attire and drove nothing close to a luxury car. In my opinion, this judgement over a person's looks is whats wrong with society.
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Logan Bennett
9/5/2017 11:48:05 am
The argument that this article is trying to make is that anyone can be a millionaire and that most millionaires are people who you wouldn't expect. This is supported in the second and third pages of the article where it shows facts of what most millionaires in America are actually like and the lifestyles that they have. This article really changed my opinion on millionaires as I had always thought of the stereotypical millionaire as the reality before reading this article.
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Armani Currie
9/5/2017 11:53:21 am
The article, “millionaire next door,” makes an argument that you shouldn't judge people based on their appearance because you never know if there is a millonarie standing right next to you . The article statES that, “millionaires often owns expensive clothes, watches and other accessories.” However, that's not accurately true because anyone can afford those materials if they save their money and invest it . Another example, “ we define wealth differently. We do not define wealthy, affluent, or rich in terms of material possessions.” This also shows that being a millionaire doesn't mean showing off what you have. I agree with the Thomas J. Stanlery because anyone can be a millionaire and you don't have to show off.
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Whitney Macri
9/5/2017 12:01:21 pm
The argument presented in the article, 'The Millionaire Next Door' is that the typical millionaire doesn't need to look and dress like a millionaire everyday because that's pretty much the stereotype surrounding all millionaires. The difference between the stereotypical millionaire and a realistic one when talking about the lavish life is there own definition of wealthy. I agree that the majority of wealthy people are not usually seen as how they appear in public for there looks but they are focused on their future outcome and focus on having the long term success.
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Franz-Robert Quaye
9/5/2017 12:17:42 pm
The argument that is being made by the authors, Thomas Stanley and William Danko, is that the common perception of millionaires is flawed. The stereotypes that are used to label most millionaires just isn't correct anymore. An example the authors used is in the third paragraph where they state, "We know from our surveys that the majority of millionaires never spent even one-tenth of $5,000 for a watch...Most millionaires are not driving this year's model [car]. Only a minority drive a foreign motor vehicle." Personally, I believe you can't always tell a millionaire from a common person if they are just walking down the street and not on tv or in movies etc. A lot choose to live simple and common lives and not constantly flaunt their wealth.
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Robert Ackerman
9/5/2017 12:40:09 pm
The argument that this article is trying to make is that anyone can be a millionaire and that most millionaires are people who you wouldn't expect. This is supported in the second and third pages of the article where it shows facts of what most millionaires in America are actually like and the lifestyles that they have. This article really changed my opinion on millionaires as I had always thought of the stereotypical millionaire as the reality before reading this article.
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Brook Hoteling
9/5/2017 01:03:30 pm
The point that the author of this article is trying to make is that anyone can be a millionaire and just because they don't spend their money on very expensive things doesn't mean that they couldn't. On pages two and three of the article there is a list titled "Portrait of a Millionaire". This list show us things that we didn't know about millionaires and how they live their lives. This has definitely changed the way that I look at millionaires. I've learned that they are normal people just like us (some of them) except they have a lot more money than most of us.
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Gerael Boulingui
9/5/2017 01:20:54 pm
In the article the authors argue that anybody, no matter if they look like they are or not, can be a millionaire. The authors give an example of this by talking about a thirty-five year old millionaire from Texas who dresses modestly and drives a ten year old car, and about how he was mistaken to be a truck driver instead of owner of his business by one of his British partners just because of his appearance. I agree with the authors because while some people who are wealthy wear or possess items that would signal their wealth, many other times they can look just like everybody else.
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Naasih Brown
9/5/2017 02:25:20 pm
"Millionaire Next Door" is an article that exhibits the idea that anything is possible. The author explains multiple examples of people with nothing turning their life around to become something they have never imagined. Another idea presented is that you don't need to flaunt your status in order to be a millionaire, a man in Texas was mistaken as a truck driver, he dressed like an everyday man and drove an old car, yet makes millions. I agree with the authors points of the ability to make yourself out of nothing using hard-work and determination, as well as being honest and modest with yourself.
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Zylia Montes
9/5/2017 04:32:17 pm
The argument the author is making throughout the article is that looks can be deceiving and he supports this when he speaks about a non wealthy person who covers themselves in what appears as items that cost a lot of money and then speaks about the people who actually are millionaire and do not do this so most would think the guy showing off is the rich one when he inst . My view on this is the same as the article where looks do not always determine someones financial status and unless you really know a person you might not know these type of things about them.
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Joshua Bliss
9/5/2017 06:28:11 pm
4. The augment made is that millionaires tend to look normal people and live like normal people. One point made to prove this is that a Texan millionaire met his British partners and, they thought he was a truck driver do to the way he was dressed. That same millionaire, “lived in a modest house in a lower-middle-class area” and “his neighbors were postal clerks, firemen, and mechanics.” I agree with this. Many people look like normal people but are self-made millionaires.
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isaiah bonilla
9/5/2017 06:38:28 pm
The primary argument made in the article, The Millionaire Next Door, is that the usual perception of the average millionaire is flawed. This can be supported by page 2 when the author lists numbers and stereotypes that people often assume to be associated with the common millionaire. As well as what they often are. I share a similar view with the author and believe that a persons appearance does not determine their worth. Many people live exotic lives and don't show it.
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nina bonilla
9/5/2017 06:44:58 pm
In the passage, the author is trying to argue that most millions are people in which you wouldn't expect, people who defy the stereotypes as to what a millionaire could look like. In order to argue this point, he argues that "looks can be deceiving" and that a lot of millionaires also look like normal people. Many are married and have children. Many millionaires are people who you would not expect. I agree with this statement because you hear about stories about unlikely millionaires.
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Thomas Ottaway
9/5/2017 07:19:26 pm
“The Millionaire Next Door” by Thomas J. Stanley and William D. Danko reports the results of a study of the affluent people in America. The purpose of this article is to dispel many of the misbeliefs commonly held by Americans. The center of this message is that the wealthiest in America are not those who have lots of expensive things but those who save and have large assets. Affluent people are also more likely to make their own fortune than many people expect. There is a stereotype of a rich trust fund kid inheriting a multi-million dollar business, however, the majority of millionaires “never received as much as $1 in inheritance.” (p. 6) The article also creates a new definition of wealth. Instead of taking a household's net worth at face value, they viewed it in relation to their income and age. This shows how successful the person, or couple, was in managing their finances and accumulating wealth. This was an interesting statistic as it helped to shed light on why most millionaires are first-generation affluent and a large group are immigrants. Kids who are raised in wealthy families become sucked into American consumerism. This leads them to value symbols of wealth such as expensive foreign cars, over actual wealth. A lot of what Stanley and Danko had to say rang true with me. I am a strong believer that living frugally is the only way to amass substantial wealth. The one thing I would have liked to see in the article is a comparison between the happiness of those who hoard and save, and those who spend lavishly. I would be interested in seeing this because neither lifestyles seem like they would bring much satisfaction. Working harder than everyone else without rewarding yourself in small ways seems like an unpleasant slog. However, if you seek only symbols of wealth then you will never be satisfied with what you have because there will always be a bigger house or a nicer car.
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John Berry
9/5/2017 07:51:12 pm
The author is trying to argue that the average millionaire isn't the kind we usually think of, but people who make similar amounts of money to you and me, but make use of their money better. He supports his claim with stats about which ethnic groups tend to be millionaires, and how that clashes with our stereotypes. For example, he shows how first-generation americans are the most likely to be americans, because they don't spend as much as the rest of us on stuff they don't need, and tend to work harder and more likely to be self-employed. They also show how the average millionaire has received no inheritance, saves a lot of money instead of spending it, and tends to be frugal. While before reading this article I would not have believed it, after reading it it does make a lot of sense, although I'm not sure how much of that is due to the fact that inflation makes being a millionaire more and more easy.
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David Dimase
9/5/2017 08:21:16 pm
"The Millionaire Next Door" presents the reader with the notion that millionaires are average people and that any person has the potential to be rich. For example, a millionaire in Texas in no way flaunts his wealth and wears average clothing and drives an older car. He is making a statement to prove that rich people are not necessarily snobby or flashy. I agree with the author's view because it presents to average, middle class people the idea that the rich should not be frowned upon or stereotyped because of material goods.
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Aidan McKenna
9/5/2017 08:24:54 pm
In the article, "The Millionaire Next Door" the author argues a point of looks can be deceiving and to never judge a book by its cover.The author supports this claim by giving statistics on the percentage of European Americans that are millionaires, and claims that immigrants from these countries are actually more likely to become millionaires than Englishmen. They also give statistics about how most millionaires are first generation. I agree with the authors claim because without having a personal connection with someone, you have now way of knowing what kind of person they are.
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Matt Flynn
9/5/2017 08:58:00 pm
The author of "The Millionaire Next Door" makes a claim that millionaires aren't necessarily people of who you would expect that make a lot of money. He believes that it mostly matters how you handle your money and the decisions you make. For example, a man in Texas was mistaken as a truck driver but was actually a millionaire, despite his deceiving looks and lifestyle. I feel that this point is valid because anyone can be a millionaire as long as they make smart financial decisions throughout their lifetime.
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Blaze Lyons
9/5/2017 09:19:02 pm
The author in this article is trying to show the reader that anyone can be a millionaire without looking like one. Some people who are millionaires don't buy a lot of materialistic items. These millionaires instead try to increase the value of everything that they already have or they invest their money into projects that are more worthwhile. They do this so that they don't go into a massive amount of debt buying all of the materialistic items. In my opinion this article shows the truth behind the majority of millionaires, people who worked and saved their money or invested it in assets that could go onto accumulate more wealth. This is important to share and understand if you want to be able to manage your finances better.
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Benjamin James Bulauan
9/5/2017 09:31:19 pm
In the article “The Millionaire Next Door: The Surprising Secrets of America’s Wealth”, authors Thomas J. Stanley and William D. Danko debunk the misconception of millionaires among the middle class census. Anyone can be a millionaire; the way you live or look doesn't describe how much money you acquire. Don’t judge a book by its cover is a common lesson this can be tied to. This argument is supported in paragraph 6 where it says, "When my British partner met me, they thought I was one of our truck drivers...They looked all over my office, looked at everyone but me." It also says in paragraph 14 it says, "We live in homes currently valued at an average of $320,000. About half of us have occupied the same home for more than 20 years". My personal perspective is that I agree with the authors because not every millionaire shows off all of their money buying big, expensive things and homes. You don't have to look like a millionaire to be a millionaire. Mark Zuckerberg, the inventor of Facebook is a multibillionaire that is humble and drives a second hand car, when he could be driving something fancier
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Barbara Delaney
9/5/2017 09:48:36 pm
The argument made in this artical by the authors are that the average conception of a millionare as flashy and materialistic is not always true. Millionaires are people too and everyone is different so how people spend their money will differ person to person. For example the millionare who was mistaken for a truck driver is not the same as how Beyonce would spend her money. I agree with the authors point of veiw because everyone is different so how they spend their money is different
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Ashma Thapa
9/5/2017 09:58:49 pm
In this article the author claims that being a millionaire isn't about having expensive items. The author argues that being a millionaire truly depends on how wisely the person uses their money. According to the investigation done by the author, most millionaires are first generation and they believe that financial indepence is more important than showing their high social status. The author claims that people become millionaires by controlling their expenses. One doesn't need fancy items to show that they are millionaires. A person can live a normal lifestyle like the person who was mistakenly called a truck driver and can still be a millionaire. I agree with the author that being a millionaire is clearly about making wise financial choices.
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Savannah Graves
9/5/2017 10:20:04 pm
in the article "millionaire next door" the author argues that you shouldn't judge a book by its cover. Most millionaires are like average people. They aren't what we expect them to be. People with less money then them are actually the ones that own more expensive things. Someone that looks like they may have no money at all may be the richest person you know. Looks can be deceiving. In this article it states "we do no define wealthy, affluent, or rich in terms of material possessions," I agree with the authors argument. I believe we judge and make assumptions on peoples appearance too quick.
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kristina billings
9/6/2017 02:01:22 pm
The three writers of this article try to access what means to be a millionaire. They evaluate from clothing, heritage, earnings, and investments. Throughout their entire investigation, one trait was always seen prominent. It’s not the amount of money you earn, but how you choose to invest in it. According to the article a non-wealthy individual may be still be considered wealthy. Depending on how they keep, invest, and spend the money is key. Many times throughout the article, they dive into the lives of millionaires and see if an expensive suit is everything. In reality, many millionaires are disguised under small houses and cheap clothing. To a millionaire who values their earnings and plans on keeping their status invest in non-material items. For example, instead of a new suit, they would much rather spend their money on their family’s education and stock building. These investments will help rougher and dryer times. Being wealthy is not justly based on your income and shouldn’t be judged on it either. I completely agree with the authors of this article. Being wealthy should be treated as more of a plant than anything else. The more effort you put in to help it grow and expand rather than ignoring it and constantly ripping it up from the roots. It’s good for people to understand and humanize the true facts of being wealthy. It’s much easier to qualify for the rule as a well set American.
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Mat Adler
9/6/2017 09:00:00 pm
Firstly, yeah, I know this is like a month late. But I signed up for this class after this assignment was due, so... I think that's a pretty good excuse.
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Regan Hunt
9/6/2017 10:22:05 pm
In the article, "The Millionaire Next Door," the author, Thomas Stanley, gives a claim concerning modern millionaires in America. He claims that there are many misconceptions about millionaires, and they are often self-made and live modest lifestyles, despite the misconceptions. In order to show this, Stanley provides insight from several millionaires, as well as providing information about these people, such as their backgrounds and income. After reading these accounts, it is easier to picture millionaires as a more wide and diverse array of people, from all different origins and living different lifestyles.
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sativa green
9/7/2017 12:22:59 pm
in the article "millionaire next door" the author argues that you shouldn't judge a book by its cover. Most millionaires are like average people. They aren't what we expect them to be. People with less money then them are actually the ones that own more expensive things. Someone that looks like they may have no money at all may be the richest person you know. Looks can be deceiving. In this article it states "we do no define wealthy, affluent, or rich in terms of material possessions," I agree with the authors argument. I believe we judge and make assumptions on peoples appearance too quick.
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9/7/2017 01:16:41 pm
In the article Thomas Stanley shows people you shouldn't judge people by their looks and that anyone can be a millionaire and be normal
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9/7/2017 01:51:10 pm
also just because someone is wearing expensive brands doesn't means they are millionaires they could be not wealthy and have all those things
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fatmata keita
9/7/2017 09:27:13 pm
the article "Millionaire next door" by Thomas J. Stanley, Ph. D. and William D. Danko, Ph. D argue that millionaires as people like to purchase expensive items and newest brand, but the author argue that they are just like common people. they don't drive sport car and live in big house, in fact most of them live a normal life like every other people on the plant. On the first page paragraph six say " A guy that owned a successful business, lives in a middle or low class home. He drives a 10 years old car and wears jeans." You shouldn't judge people by how the look or what they do because you never know what the person is gong to.
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Felix Correa
9/8/2017 08:58:57 am
In the article, "The Millionaire Next Door", the author is arguing that the typical millionaire can be decieving from the millionaire stereotype. The authors make a list of traits that the typical millionaire would posses and includes statistics, further supporting the argument. The difference between the stereotypical millionaire and a realistic one is further proven when they talk about the definition of wealthy. It is a theme throughout the article that truly wealthy people are cautious with their money and spend it sparsely compared to the average American.
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Gabby Gaudio
9/8/2017 11:04:01 am
The author is arguing that anyone can be a millionaire even if they dont follow the stereotype of a typical millionaire. This is supported in the article by the author listing traits a common millionaire would posses. I agree with the author because we judge everyone too quickly without knowing anything
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jennifer morales
9/8/2017 12:52:41 pm
in the article the the general idea is about the way people stereo typically see millionaires.People perceive them as having to dress and act rich whereas the average rich person isn't like that.Rather, to classify a person as wealthy there are certain standard that are to be met. According to page 4 "The Definition of Wealth" And "How Wealthy You Should Be". I believe that this stance is true. Not all wealthy rich people are what i personally perceived then to be,
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Afeer Masih
9/8/2017 02:49:03 pm
In this article the author talks about that people can be millionaire if they don't follow the stereotype. You don't have to dress and act rich to be a millionaire. Also the author makes a list of traits that the typical millionaire would posses and includes statistics, further supporting the argument. The author talks about it in 4th page and how wealthy you should be and how you should act. The author also tell the different between being wealthy and millionaire. I also agree with the author you don't have dress and act like a millionaire to be one. It also talks about millionaires don't spend allot of money on the standard Americans spend money.
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Graciela Pagan Cortes
9/8/2017 05:02:55 pm
In this article the argument that the author is amking is basically that millioners arent what we usually see in the movies alot of them are just like you and me. They dont go around telling everybody that they rich or that they're "Powerful". This is suported by things the author inserted in this article . For example when he says that most rich people are self made rich which basically means that they had to work hard to be where they're now. And that means that they know how hard it is and admire the people that try their best to to get somewhere in life.
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Gabriela Ravelo
9/9/2017 03:08:44 pm
In this article, authors Stanley and Danko argue that wealth is not determined by how much a person has or how much one spends on material possession or how much one earns, but on how they manage their own income. This is supported by the authors examples of how actual millionaires are much different than those of people we see as millionaires. They support this in the text by providing examples of actual millionaires mistaken for regular people because they do not continuously spend their money on material possessions. The article points out that a majority of millionaires conserve their money. I agree with the arguments made by the authors. The most intelligent thing to do with daily income is to spend it wisely. In order to properly provide for ones family or even just providing for an individual living, spending money on expensive items everyday isn't the most important thing or smartest thing to do.
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Harry Zay
9/10/2017 11:07:46 am
The chapter gives insights on what one can do to become wealthy and how wealth is not what one spends but what he or she accumulates. In the beginning of the chapter, the authors examine the prototypical millionaire in the American household; “About eighty percent of us are first-generation affluent.”, “I am my favorite charity.”
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Naim Burgess
9/10/2017 06:12:21 pm
The argument that the author is making is that anyone can be a millionaire even if they don't appear to be one. It states that "We define wealth, affluent, or rich terms of material possessions". This shows that money doesn't excite everyone in the same way. My opinion on this topic is that you don't have to flaunt or flash to show your wealth. Look at Jay Z for example .
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sophie zampariolo
9/10/2017 07:25:26 pm
In the article, "Millionaire Next Door", the author uses the misconceptions of stereotypical millionaires to make the underlying claim that you should never judge a book by its cover. He provides the readers with ideas of what the stereotypical millionaire would be imagined as, but then gives insight on how the majority of them are in reality. He talks about how millionaires are often believed to have just been brought into or born into this way of life, but counters this by stating how most millionaires are in fact first generation. I agree with his argument that people are not always who they appear to be.
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Ma'Kiaya Brown
9/10/2017 10:20:37 pm
Society thinks being a millionaire, wealthy, rich means having a mansion, expensive clothes, 10 cars etc. but you'll never know and that's basically what Thomas J. Stanley's argument is in " millionaire next door " he says " They think millionaires own expensive clothes, watches, and other artifacts. We found this isn't the case. " anyone can be wealthy if they/ you take the right financial steps to do so, think more long term instead of short term. Society has a misconception on the whole idea of being rich, I agree with this argument because it's true and makes a lot of sense society has this big picture on what being rich and wealthy is and it's not accurate there's more to it than material things the way you dress or live doesn't define you, nor the money you have or make.
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Aubrey Halloran
9/10/2017 10:51:28 pm
In the article "Millionaire next door" by Thomas j. Stanley. The author argues that we as people ought to believe that all millionaires are to have these expensive clothes,cars,houses,etc. but in reality they could simply be just another person walking the street or riding the bus. For example on the first page in the section "Big hat no cattle" it explains about a 35 year old man from Texas who live in a lower-middle class house and dresses in jeans, a regular shirt and a nice big cowboy hat. It explains how he had a situation where someone came looking for him and had not a clue that he was the millionaire due to the fact that he wasn't "dressed to his wealth." This gives support to why we should never assumed but to ask and listen. I support this argument because it is entirely true. I believe a lot of us stereotype each other and it can be quite unfair and not true at all. I think we shouldn't label people based on their wealth or their looks or anything along those lines, I think everyone should be treated equally whether you have a million dollars to your name or just a dollar.
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Isabel Washington
9/11/2017 01:51:47 pm
In this article "Millionaire Next Door" the authors argument that he is trying to convey is that you cant sense how much someone makes simply based off of their appearance. We as human beings tend to stereotype the idea of what "having" money must look like and this article completely contradicts that theory. This all appears on page 2 when they are talking about the "average" jobs these people but they are still recognized as millionaires. They live below the means and don't drive around in fancy cars and live in mansions. I believe that a majority of the "rich" do live regular lives but their are also a percentage of those people who do show off their money. But in the end I believe those who invest and save will have that money much longer than those who don't.
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Naava Holder
9/11/2017 08:23:28 pm
In the article,"The Millionaire Next Door", the author wants to inform readers that using stereotypes to define people's social status is wrong and ignorant. He discusses the idea of having certain materialistic things or having lack of those items doesn't label you as being "Rich" or "Poor"; he highlights that the idea of using this too judge people isn't fair or right. The author's "don't judge a book by it's cover" styled argument was supported throughout the text using statistics to contradict everything we believed about being a millionaire. His goal was to highlight the fact that millionaires are regular people as well, and he did so successfully in this article.
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Hannah Cocco
9/11/2017 10:18:49 pm
The argument supported in the article "The Millionaire Next Door" is that anyone can be a millionaire. The author explains how the perceptions people have of millionaires can often be stereotypical. The author claims that all millionaires aren't careless with their money and they are mostly self made. Through the rhetorical question "Where are the millionaires who look like millionaires?" the author supports the idea that millionaires are thought to look and act a certain way. I agree with the authors claim, that if you work hard to achieve your goals it can lead you to success beyond expectations.
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Diandra Hennessy
9/12/2017 09:14:29 am
The argument that the author Thomas J. Stanley’s is making in this article is that anyone can become a millionaire if they don’t look like one. It is stated in the article that “only 19 percent receive any income or wealth of any kind from a trust fund or an estate”, and "More than half never received as much as $1 in inheritance.” This article proves that most millionaires have to work to get their wealth and that our everyday views on millionaires are a misconception. I believe that Thomas J. Stanley's argument is correct because a millionaire can be anyone, not just the ones who live in a mansion and spend a whole bunch of money.
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Ma.Pherine Macua
9/12/2017 12:17:56 pm
In this article," Millionaire next door", argues that the people you see that looks and dresses normally could be millionaires. The people who are not dressed fancy, do not have the most expensive accessories and don't live in a mansion are the real millionaires, your neighbor might be a millionaire without you knowing it. Basically this articles explains how millionaires don't care about their appearance or how big their house is, millionaires care more about how they can save more money which makes them more wealthy because they know how to save their money by not buying expensive things that they don't really need. The society looks at wealthy differently, they base someone's wealth on how they look, what they wear, and where they live which is not the true meaning of being wealthy or being a millionaire. Page 3, paragraph 11 in the article states that most american define the term wealthy as "people who have an abundance of material possession," which shows that most Americans define wealth differently than what it really is. I agree with the argument of the author of this article because wealthy people that i know don't dress fancy and don't brag about the things that they have.
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alexee seifert
9/12/2017 12:23:36 pm
In "The Millionaire Next Door" the authors Stanley and Danko argue that people have concluded wrong on ideas on millionaires. Most people stereotype millionaires and think they live a perfect expensive life. When in reality it is not like this. If anything it is the complete opposite. Most millionaires look like an average person. This article begins to prone his point by sharing a short anecdote of a tax officer who showed wealth by materials. He is compared to other millionaires who don't always display their wealth. He includes statistics to show how millionaires live way below their income. On page 6, it states the stereotype that people think is false and most worked for their wealth overall. I agree with the author because most do work for the wealth they receive, while with some millionaires it varies.
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Purity Rahman
9/12/2017 01:00:09 pm
In " The Millionaire Next Door" the authors Stanley and Danko argue to not judge a book by it's cover. The text tells its reader that millionaires do not always look like million bucks. In fact, many millionaires live ordinary lifestyles and they don't flaunt their money through their clothes or social media. The text states " Most millionaires are driving this year's model". I agree with this argument about millionaires because sometimes you just never know who could be in front of you. Someone who wears a pair of shorts and sketchers could be the richest man on the planet.
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Cameron Merrill
9/12/2017 01:03:44 pm
In the article "Millionaire Next Door" the author argues that people have a wrongful view of millionaires, stereotyping them to live very expensive perfect dream lifestyles. When in reality mos millionaires are just like normal people. An example of this from the article that shows this is a story about a tax officer who is compared to other millionaires who don't typically display their wealth. He shows that most millionaires live way below their income and that most worked their whole lives for their wealth. I agree with this article because not every millionaire is completely full of themselves and love
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Quasiajah
9/12/2017 02:37:11 pm
In the article "Millionaire Next Door" according to the author. Anyone can be a millionaire even if they don't appear to be .For example a tax officer is compared to other millionaires who don't typically display their wealth. He shows that most millionaires live way below their income and that most millionaires worked their whole lives to become wealthy. I personally agree with this article because I believe the smartest millionaires are the ones that don't show it and there's nothing wrong with that.
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Elijah Howard
9/12/2017 03:00:41 pm
The argument that the author is making, is that people have a false view of millionaires. Anyone can be a millionaire even if they don't look like one, and anyone can become one too. Millionaires are stereotyped as owning lavish clothes, watches, and other status artifacts; yet this is not all Millionaires, as looks can be deceiving. In reality, most millionaires look like what one would call "normal" people. An example from this article, comes in the form of a 35-year-old man from Texas owns a very successful business that rebuilds large diesel engines. Yet, even though he owns this business he drove a 10-year-old car and wore jeans + a buckskin shirt. He does not live in a vast mansion either, but in the lower-middle-class area in a humble house. Another example from the article is, on page 6 it is revealed that most millionaires have actually had to work towards their abundance in wealth. With 91 percent not having even received as little as $1, as a gift of the ownership of a family business; and nearly half of them also hadn't received any college tuition from their parents nor another relative. Also, fewer than 20 percent had inherited 10 percent or more of their wealth. So, I have to agree on this article as it makes a good point. Not all people that are millionaires actually look one, and not everyone who is currently a millionaire had started out with a "silver spoon in their mouth".
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George Franco
9/12/2017 09:25:16 pm
In the article, " The Millionaire next door" by Thomas J. Stanley and William D. Danko, they both argue that a millionaire doesn't necessarily have to be that person who has mansions or dress with expensive brands, being a millionaire is a stereotype. In page 1, last paragraph states that his British friend came to visit him, he thought that the author was a truck driver. In my opinion, not everyone is the same. Just because you have money doesn't mean you have to act like you own everything or show off, money shouldn't change who you are and dress.
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Calena Rodriguez
9/13/2017 10:47:21 am
An average conception of a millionaire is flashy and materialistic which is the argument made in this article that is not necessarily true. Just us ‘regular people’ millionaires are people too. The way people spend their money differs from person to person. For example the millionaire who was mistaken as a truck driver is not the same as how Beyonce would spend her money. I agree with the author's point of view because everyone is different so how they spend their money will also be different.
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alexis mccormick
9/13/2017 12:22:22 pm
the author is arguing that not every millionaire has to act or be a certain way lots of people stereotype people especially millionaires they don't need to wear the best clothes or drive the latest cars
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Maria Elmardi
9/13/2017 12:51:44 pm
The article "millionaire next door" argues that you cant judge people by the their appearance and assume how much they make or if they are a millionaire. Some people whoa re not as wealthy have their views on millionaires as they wear expensive clothes buy multiple cars are rude to the people around them or not the most wealthiest people. I believe that you don't have to dress a certain way to be rich, you can be the wealthiest of wealthiest and live on an barn with cows and chickens. You choose the lifestyle you want to live and you choose how you spend money and how you like to the people on the outside, but being flashy doesn't always mean one thing.
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Renee Wright
9/13/2017 02:27:38 pm
The article “The Millionaire Next Door” by the authors Thomas J. Stanley and William D. Danko expresses that anyone is eligible to become a successful millionaire and wealth doesn't have to be passed down to a generation in order to have a millionaire status. On page six it states “More than half never received as much as $1 in inheritance." This means that most millionaires have built their financial status without the interference of money within a family generation.The authors also emphasizes that most people have a stereotypical thought process when imagining a “millionaire”. Many millionaires are common people who have financial conduct and mild appearances, which makes it difficult for others to figure out whether they're opulent or not. “A true "rich" person is the one who cares more about investing, saving, and owning valuable assets than those who have high spending tendencies.” This was mentioned on page three and extends the claim that many millionaires don't have gloating characteristics. I agree with the topics addressed in this article because most millionaires are entrepreneurs who have worked hard for what they've received and are beyond boastful phases. “We do not define wealthy, affluent, or rich in terms of material possessions." this was also mentioned in the article and outlines my support on the topic.
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Dean Cotanda
9/13/2017 02:32:50 pm
The author talks about the typical millionaire. Once you hear the word millionaire, the first thing that comes to mind are rich people with giant houses, multiple super cars in the drive way and designer clothing, but in reality they don’t even spend one-tenth of a $5000 in a watch according to paragraph 3. Not all millionaires just throw their money out and buy anything they want. The reason they became millionaires in the first place is because they refuse to buy something so expensive and then realizing it won’t do them any good. Looks can be deceiving, for all you know the person next to your house is a millionaire and never notice it because of his or her lifestyle.
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isabella perez
9/13/2017 02:41:14 pm
the author in the writing talks about what a typical millionaire is. in paragraph three in real life millionaires don't even spend one tenth of 5000 on a watch. when you think about it you usually think like huge houses, amazing cars, nice clothes expensive everything really. but the reason they all became rich and stay rich is because they refuse to buy expensive stuff. millionaire can be deceiving.
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jesica
9/13/2017 03:22:14 pm
this article is basically saying don't assume everything you see anybody can be a millionaire not every millionaire own expensive things. A rich person could even live I a middle class type of life style and one thing people need to no is a millionaire wealthy isn't based on their materials as well.
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Kevin White
9/13/2017 07:13:25 pm
The argument the author presents in this article is the prototypical millionaire. The millionaires used in the article represent what will happen in the future if you go to college and get a bachelors degree, rather than not going to college at all. Millionaires live much below their needs, as stated on Page 2. I agree with the argument the author is presenting because people will choose to spend their money differently.
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9/14/2017 10:52:45 am
The argument that the author is trying to make is that not every wealthy individual appears to be the stereotypical materialistic person that many would expect them to be. I believe people should look at wealth by how someone's life is compared to the average person in their income and age group rather then appearances because looks don't mean anything if you don't have the money or power to back it up.
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Davi Ginsburg
9/14/2017 10:57:08 am
The main argument made in the article, The Millionaire Next Door, is that the usual perception of the average millionaire is flawed. This is supported by page 2 when the author lists numbers and stereotypes that people often assume to be associated with the common millionaire.anyone can be wealthy if they/ you take the right financial steps to do so, think more long term instead of short term. Society has a misconception on the whole idea of being rich, I agree with this argument because it's true and makes a lot of sense society has this big picture on what being rich and wealthy is and it's not accurate there's more to it than material things the way you dress or live doesn't define you, nor the money you have or make. Many people live exotic lives and don't show it.
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Zakaria Farina
9/14/2017 10:57:25 am
In the article the "Millionaire Next Door" the general idea is about the way people stereo typically see millionaires.People perceive them as having to dress and act rich whereas the average rich person isn't like that.According to page 4 "The Definition of Wealth" And "How Wealthy You Should Be". I personally believe that this stance is true
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Terri Ingram
9/14/2017 10:58:03 am
The argument this authors is arguing is that anyone can be a millionaire we can't determine who is who based off of what we see or their characteristic. Most millionaires don't stand out because they manage their money or don't buy expensive things. For example, "we think millionaires own expensive clothes, watches, and other artifacts but this is not the case." I agree with this article because you never know. Anybody can be anything. Most people who have money don't show it off most of the time. They manage it, they invest in bigger and better things.
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Haille Hart
9/14/2017 01:55:56 pm
The article argues that you shouldn't judge people based on their appearance because anyone can be a millionaire. We perceive millionaires as dressing and acting rich when they just act like an average person. I agree with this article because it is true, society has a big picture on what looking wealthy looks like.
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Madiosn Elia
9/14/2017 02:45:29 pm
In the article "Millionaire Next Door" the author makes the claim that anybody can be a millionaire. In saying this the author talks about how stereotypical millionaires have materialistic things and spend their money on whatever they want whenever they want. To debunk these stereotypes the author argues that in real life millionaires are usually really good at saving money and most branch from being smart financially. I agree with the authors point in this article, many people have misconceptions about what "poor" and "rich look like when in reality they look average just like everyone else.
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Kacie Melendez
9/14/2017 03:13:54 pm
In the article, Thomas Stanley and William Danko argues that most millionaires are actually not what they are stereotyped to be and often live as everyday people, even spending less on material items than someone who is not as rich might.I agree with this claim because budgeting is a good way to become more stable financially, and many millionaires have to be good budgeters in order to receive that title.
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Seamus Seymour
9/14/2017 06:18:48 pm
The argument that the two authors, Thomas J. Stanley, Ph. D. and William D. Danko, Ph. D., are trying to make in the article “The Millionaire Next Door The Surprising Secrets of America’s Wealthy” is that the typical American person has a major misconception as to what a self made first generation millionaires lifestyle “looks” like. The average American and Webster’s dictionary define wealthy as “people who have an abundance of material possessions. The authors define wealthy as “people who own substantial amounts of appreciable assets and is based on having a net worth of $1 million or more.” In addition to that you need to be a prodigious accumulator of wealth meaning you are a builder of wealth and should be worth twice the level of wealth expected as opposed to an under or average accumulator of wealth spending significantly more than your household income to maintain a “upper middle class” lifestyle. One thing that does not determine possibly becoming a millionaire in American is country of origin. The ancestry groups that were at the top tier were Russian, Scottish, Hungarian proving that the myth that country of origin (English) explains where the millionaires are derived from. If this was the case English origin would have been number one. But one thing that may determine possibly becoming a millionaire in America is the number of years that an average member of an ancestry group has been in America. The longer time living in the US the less likely it will produce a large number of millionaires because the more likely he or she will live the high consumption lifestyle. My perception of this article is that it was eye opening because I presumed that when people show expensive material possessions that they were wealthy (“millionaires”) because in my mind they could afford all of those things. Now I see that the real millionaires save, acquire assets, and do not spend frivolously. The article proves that knowing this, really understanding this mindset and adapting to this lifestyle can determine if someone becomes a millionaire not where your origin is from.
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Katherine Hartman
9/14/2017 08:09:38 pm
Millionaires next door by Longstreet press gives a new insight on current day millionaires. .Millionaires have this look to them that is commonly used, nice clothes, big house and the whole package. Today's millionaires are different, “we live well below our means”. It has changed a millionaire could live a crazy luxurious life but times have changed. I think it’s great that even with so much money you can lose it all. In general it's better to live a modest life.
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Hope DaViincii
9/14/2017 08:20:15 pm
In the article, The Millionaire Next Door, Dr.Stanley and Dr.Danko are making the argument that wealth is more or so reflected in your effort in life rather than stocks and bonds. For instance in paragraphs 33-35 of the former mentioned article they write,"Wealthy to them refers to people who have little or no investments, appreciable assets, income-producing assets, common stocks, bonds, private businesses, oil/gas rights or timber land. Conversely, those people whom we define as being wealthy get much more pleasure from owning substantial amounts of appreciable assets than from displaying a high consumption lifestyle." The term wealthy is simply another synonym for copious or bountiful. There are many things to be wealthy in and it doesn't have to just be financial.
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Carlos Amay
9/14/2017 08:29:24 pm
The argument the author is stating is you can be a millionaire but not look like one. He states just because you're a millionaire you don`t have to buy expensive clothes or cars or houses. He uses an example of a Texas man who`s dressed nothing like his net worth. I believe that just because you have a lot of money doesn't mean you have to buy expensive things.
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Danisha Agosto-Hernandez
9/14/2017 08:33:39 pm
The article gives us insights on what one can do to become wealthy and how wealth is not what one spends but what he or she accumulates. In the beginning of the article the authors examine the prototypical millionaire in the American household; “About eighty percent of us are first-generation affluent.”, “I am my favorite charity.”
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Quentin Rodriguez
9/14/2017 08:51:52 pm
Millionaires are humble about their money. Some millionaires don't drive to date cars or wear five thousand dollar watches. They shouldn't show off their money because nobody cares.
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Charles Van Ness
9/14/2017 10:13:10 pm
The article does not so much make an argument as it does present evidence that contradicts the general view of a group, millionaires, by the public. It explains that most millionaires in America overwhelmingly do not follow the typical stereotype of high-consumption living, with expensive food, homes, etc.. Rather, most millionaires live quite frugally, allowing themselves to save up money, which, when combined with relatively high-income jobs, results in $1 million+ in net worth. The article also makes the point that the wide majority of millionaires made their own wealth rather than inheriting it, another common stereotype, many didn't receive even a single dollar in inheritance. Furthermore, many are first-generation Americans, reinforcing the "humble upbringings" story. There isn't much "point of view" to be had on this topic. I'd never really sat down and thought about millionaires like this. It's certainly interesting to know, and kind of makes me think of the American Dream, especially considering that many are, again, first-generation immigrants from humble upbringings, continuing to live frugally. I respect that a lot.
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Alexis Flynn
9/14/2017 10:14:10 pm
The author of this New York Times article presents his idea that millionaires are not necessarily the cliché stereotype that everyone views them to be, but can rather be anyone regardless of background or appearance. They elaborate further on this by providing examples of those who present themselves as "normal," or "unstable," financially, but are actually very wealthy. They express that wealth is not measured by physical appearance or accessories, but by the amount of effort and exercise they invest into their craft or career. Furthermore, wealth is also not always inherited, but can be earned. I agree with this author's claim because I do not believe that wealthy people should spend their money on materialistic possessions if they choose not to, and that everyone has the opportunity to become financially successful if they work for it. Society has a very flawed and tainted view of wealthy individuals.
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Angel Machado
9/14/2017 10:55:25 pm
In the article "The millionaire next door" the author is arguing that the typical millionaire is unlike the typical millionaire stereotype. The author uses statistics further supporting the argument. The difference between the stereotype and reality is wealthy people don't spend their money without thinking. They are interested in the long term and making their money last.
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Joshua Garces
9/14/2017 11:16:34 pm
The main theme of the article is that there are many more millionaires in America than many people would expect,and also that millionaires might be a lot different than you would think. Most American millionaires live modest lifestyles without a huge mansion and expensive car. Logos is used by the author to the readers of the article this.This is done by listing facts and statistics about what millionaires are like now. They also use pathos bay telling stories about millionaires, which make them feel more relatable. I always saw millionaires in the way most people do but this article definitely changed the way I thought of millionaires, making it much more interesting.
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Erika Leonard
9/15/2017 05:28:46 am
In this article, Stanley attempts to break down stereotypes about rich people in America citing that most millionaires are actually humble people that started at the bottom. He shows statistical evidence that the millionaires who's wealth lasts, built it up themselves from nothing. I disagree with his statement that anyone can become rich if they manage their money correctly. He disproves his own point immediately by flat out saying that most millionaires are white men. Not everyone can scrape their way up from the bottom. That's an old notion that sparked the great American melting pot that we are today, but history will show that the stories of being able to make it big didn't always ring true. The same holds true today. There are a whirlwind of circumstances that can stop one from becoming a wealthy entrepreneur including education, uobringing, family, etc. The author's tales about these hidden millionaires are no doubt intriguing, but the claims he makes in his article are arrogant and incorrect.
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Will Smith
9/15/2017 07:40:07 am
The argument that these authors are trying to make is that anybody can be a millionaire. How there are opportunities to become a millionaire. In the article they break down the stereotypes of rich people and how there are people in this world that are not as fortunate to be able to have as much stuff as a rich person would have. Also it says how just because you are a millionaire doesn't mean you have to buy all the luxurious cars and the fancy clothes. There are people that dress so different than their net worth.The author uses a Texas man that doesn't dress rich he just dresses normal. There are millionaires that are humble about their money.
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Malia Mcfarland
9/15/2017 10:36:44 am
The millionaire next door" the author is arguing that the typical millionaire is unlike the typical millionaire stereotype. . I say that's Not true you just cant be poor one day then out of no where your rich No that's not hoe the world works
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Gwyss Dell'Acqua
9/15/2017 10:48:26 am
This article disrupts sterytypes about the wealthy; that not all upperclass people come from wealth, or display it with material possesions.
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Khadijah Tillery
9/15/2017 11:37:53 am
In the article "Millionaire next door" The author is telling us how certain people doesn't appear as a millionaire, all due to there appearance when I totally disagree. I mean you cant just look at someone and automatically say "He or she's a millionaire", being rich isn't just all about appearance. In my opinion being a millionaire isn't all about driving expensive cars, wearing expensive clothing, or owning the fanciest house. The connections that the author is trying to make in this article is not agreeable to my perspective about how a millionaire should appear to the world.
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Unam Ali
9/15/2017 11:39:11 am
This article "Millionaire Next Door" by Thomas J. Stanley and William D. Danko argues that the wealthy upper class are oftentimes stereotyped for being flashy and extravagant in our society. What is for the most part overlooked however, is the fact that many millionaires come from humble beginnings and reached their level of wealth through hard work and perserverance. They aren't all materialistic and shallow as many may think and for the most part, a millionaire can just about be anyone. The only thing that seperates your average middle class worker from a millionaire is how much money they make. Everything else such as personality and work ethic could be considered very similar. The authors argue that a millionaire could be just about anyone, despite their background. This is exemplified in the section of the article titled "Portrait of a Millionaire", where several different millionaires describe their day to day lives and who they are as individuals. An example of what one would consider a relatable description, as would the authors is "About two thirds of us work between 45 and 55 hours per week". This goes to show that your average millionaire, not so much unlike yourself, also works long weeks and works extremely hard to earn their money. It isn't just handed to them as many believe. They work very hard and that hard work is what has gotten them to where they're at. I agree with the authors on some points, however, I still have a few reservations with what they believe is possible for becoming wealthy. Hard work will of course get you very far and can get you towards reaching those higher salaries, however, not everyone is capable of obtaining those high paying job titles nor is it realistic to think that it could be so simple as that. There are people out there who work just as hard as those working other high paying jobs but will never in a million years reach their level of wealth and success due to the fact that the most they make an hour could be just minimum wage.
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Gabrielle Rodriguez
9/15/2017 01:05:04 pm
This article is saying that just by looking at someone they can be a millionaire. if someone does not make it know you could never know just by looking at them. Not every millionaire flaunts their money around. This is supported by being discussed throughout the article. I believe that not all millionaires fit a stereotype of showing off their money o everyone. i think this because there are ALOT of people in this world. you will not be able to tel how much money they have just by looking at them, or by the clothes that they have on their body
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Empress Victory
9/15/2017 01:06:59 pm
In this article, the authors argument is that you don't have to appear what you are. It's like not to judge a book by its cover. An example is when he said that his friends thought something else of him because of what he was wearing and what he was driving. A millionaire doesn't have to appear a certain way for people to know he or she is a millionaire. I personally believe you shouldn't judge a book by its cover because people can be something you never thought they were.
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Che Phillips
9/15/2017 01:16:53 pm
The argument that the author stated is that millionaire don't have to look like millionaire. Although is true that the stereotypical millionaire doesn't look like a real one most millionaires don't last very long because they don't save their money and just spend everything they want, the ones that do are probably very focused and set in their goals.
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Elijah Perdue
9/15/2017 02:39:23 pm
In the article , the discussion is basically don't judge something off the first appearance. In the article he talk about people living below our means which means to be living how they should actually be living. I agree with the author because you never know what someone is like or how they are judging them with no background information about them.
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Esther Paul
9/15/2017 02:50:41 pm
This article "Millioner next door" arruges that million don't have a certain look and that any one can be a milliner he believes that any people have a concept of what a millioner look like but milliners can drive regaled cars and where cloths that are not nesserily name brand he uses the example of being in a room with no one noticing who the millioner in the room was. I do agree with his agrument because it's kind of like not judge a book by the cover.
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Amari Morris
9/15/2017 09:13:25 pm
The article "Millioner Next Door" the author argues that you don't judge a book by its cover . Everything is not what it seems. Just because they don't flaunt their money around doesn't mean that they don't have any. Just because they don't dress as nicely as everyone else doesn't mean that they don't have nice clothes. Never judge anyone by their appearance because it's only the introduction.
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Mr. Nizinkirck
9/18/2017 01:52:35 pm
All comments for my sections are closed. No comments made after Friday, September 15th at 3:00 are accepted.
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