The sections involving children are especially worrisome. Hoarding money by not giving to charity, or even your own children, does it's own kind of spiritual damage. Saving money by not going on vacation deprives both you and your children potentially life changing experiences. Living in better neighborhoods might be more expensive, but they are often safer, provide better schools, and may generally provide a better investment in real estate. Single minded dedication to amassing wealth is often penny wise and pound foolish.
But there are issues with some of the advice the authors provide. The book provides many examples of folks who did, indeed find financial success. Careful planning, living below one's means, adequate income and proper investing can lead to economic self sufficiency. If you wish to retire as a paper millionaire, the basic advice presented in this book is sound, particularly if you happen to have disposable income.
