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The millionaire, who was being controlled by the man he was paying to help him, had been persuaded to hand over his house and was relegated to a guest compound at the back of the property.Īccording to investigative journalist Joe Nocera, New Yorker Martin paid fees of £2.5million to Herschkopf - who claimed Gwyneth and Kurt Cobain's widow Courtney Love among his clients - over 29 years. Economic 'Offense' And 'Defense' Of The Millionaire Next Door In the book, Stanley goes further into the psychology of the real American millionaire. Inside, there were countless photographs of the psychiatrist with famous people including Gwyneth Paltrow, Brooke Shields, OJ Simpson and former US Secretary of State Henry Kissinger.īut the luxurious home didn’t belong to 69-year-old Herschkopf - it was owned by Martin, who was another of the therapist’s “clients” rather than one of his domestic staff. The Millionaire Next Door: The Surprising Secrets Of Americas Wealthy audiobook written by Thomas J. After studying how millionaires became wealthy for over 20 years, they concluded seven powerful lessons that everyone should know to become a millionaire. This book is the ultimate personal finance textbook. Danko we learn some valuable lessons from the millionaires of today. Danko Ph.D (Author) 4. The grand home in the Hamptons, America’s playground of the rich, had Herschkopf’s name on the postbox. The Millionaire Next Door is that the pop culture concept of a millionaire is quite false and that most actual millionaires live a very simple lifestyle. In The Millionaire Next Door by Thomas J. The Millionaire Next Door: The Surprising Secrets of Americas Wealthy Paperback 16 January 2011 by Thomas J. 9 Dr Isaac 'Ike' Herschkopf and 'victim' Martin Markowitz, who was left as nothing more than a handyman in his own home by the controlling therapist Credit: William Mebane