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High school, college and university students are often assigned to write reviews and reports on certain books, articles, stories and movies. However, most students do not have enough time to do the reading, so they need to learn how to complete such assignments using outside sources.
The Millionaire Mind is the book written by Stanley, which attained the 2nd spot in New York Bestsellers of that year. The reason for the great success of the book was the different approaches taken by the author in defining the secret behind enjoying lives and being wealthy at the same time. According to the author there are just a few people who lives in big homes, but do not have credit liabilities and the stress of home mortgage, and these few people are “The Millionaire Minds”.
The book is not about how to become a millionaire, but it is about how to balance between savings and an enjoyable lifestyle. The millionaires interviewed in this book illustrate that honesty, discipline, social skills, hard work and a supportive spouse are the mandatory factors of achieving the balance lifestyle. The fact highlighted by the author is that people do not need to look like a model or work the whole day for getting success, but have to polish their basic traits which are in their control. However, these traits alone will not make a person millionaire unless the he or she has the eye to look at the opportunity and willingness to go for the opportunity.
In the later chapter, Stanley correlates the variables of intellect and success. Criticizing the significance of IQ and SAT scores, the author exemplifies that none of the Millionaires interviewed in the survey had tremendous IQ or SAT scores. Many of them did not even have a mediocre GPA when they graduated, and were never considered to be intellectually gifted by either of their teachers and classmates. However, they still managed to become owners of multimillionaire companies and that fades the significance of intellectual ability in achieving success, growth and fame in lives. Illustrating further on the dimension of intelligence, the author of the book cites the research of Dr. Sternberg which discusses the three components of intelligence, analytical, creative and practical. In most cases creative and practical intelligence are overlooked by the society, as there are no proper tools of measuring them. SAT, IQ score and GPAs are all the tools of evaluating the analytical intelligence of a person, but attaining success, wealth and a balance lifestyle requires more than just the analytical intelligence.
Lastly, the millionaire mind is not the one which fears in taking financial risks and does not have the courage to stand up to a challenge. Millions are not achieved without risking those in the pockets. When the mind is focused on capitalizing resources with the courage of losing them, only then it is possible to be of the millionaire minds.