The latest book review here on Richer by the Day is Thomas J. Stanley’s Stop Acting Rich … And Start Living Like a Real Millionaire. Those familiar with Stanley’s other notable books, namely The Millionaire Next Door and The Millionaire Mind will see many familiar themes in Stop Acting Rich. That’s not a criticism though, since this niche is where Stanley is at his best. The differences between the three could be summarized as follows: The Millionaire Next Door described the typical millionaire, The Millionaire Mind revealed what they believe made them a success, and Stop Acting Rich explains why so many non-rich hyperspend and fail in their rich-emulation attempts.
Stop Acting Rich begins with an overview of the phenomenon whereby people try to emulate the rich, but fail miserably. The problem, in simplified terms, is that they either emulate those with nearly limitless resources (whom they will never become) and/or the habits they believe the rich follow. Unfortunately their beliefs of the rich are incorrect and so they act in many ways that are detrimental to their wealth. The disheartening situation that many seem to find themselves in is a preference for appearing rich, rather than actually becoming rich.