Thank you, Mr. S.Y., for your recent 5-star review of The Millionaire Mind. In it you succinctly explained the book’s theme, focusing on the key table [Table 2-1] “Millionaire Success Factors.” . . . least important (success factor) . . . graduating near/at the top of my class. (ranked 30th of 30 factors) This component is …
Where Did the Designer of Your Car’s Engine Attend College? Read More »
While waiting at the pharmacy in a large supermarket recently, I saw 5 or 6 young pharmacists working very hard filling prescriptions, taking orders, and consulting with customers. Yes it is hard work, but they are very well paid (nearly twice the median income of an American household). Typically these pharmacists spent 5 years in …
The Millionaire Next Door Prescribed for Pharmacy Students! Read More »
Where can you find the millionaire next door on Black Friday? At work!
The arch type millionaire is a self employed business owner/entrepreneur. Thus it is not surprising that many people ask, “But what type of businesses do they own?” To these readers I say, “Well, take a look at the 6 columns of business types listed in Appendix III in The Millionaire Next Door and the 12 columns …
Most Millionaire Business Owners Never Sell to the Ultimate Consumer Read More »
Last fall we accompanied our six grandchildren to a gold/gem “mining operation” in the north Georgia mountains. This was in celebration of one granddaughter’s 6th birthday. I understand that this was the site of the first major gold discovery in America. Guests of this operation “pan for gold” out of local sand and rocks placed in individual buckets. Semi-precious stones are also …
When I wrote The Millionaire Next Door I had several purposes in mind. One was to educate those who make good to great incomes but who have accumulated low levels of net worth. I first wrote about this topic in a 1992 article entitled, “Why You’re Not as Wealthy as You Should Be.” Often what happens in this …
Google “China’s millionaires” and you will find an array of articles that focuses on two issues related to this population. One, entitled “China Now Has More Millionaires Than Any Country but the US,” states that the millionaire population in China rose by an astonishing 82% between 2012 and 2013. There are approximately 2.4 million millionaire households …
Here is an extraction from a review of The Millionaire Next Door. The writer [Mr. M] clearly understands the benefits of being wealthy. My wife and I are self-made millionaires, and we followed the principles outlined in this book. Wealth means independence, self determination, and control of one’s life. In the review Mr. M respond[ed] to one …
Wealth Means Independence, Self Determination and Control of One’s Life Read More »
A recent email from John, a millionaire next door from Texas, reads as follows: I have given your book [The Millionaire Next Door] to three high school honor graduates in the last couple of years. I also gave them a check for $500. I told them I would give them ANOTHER $500 when I received a 2 …
Would you read The Millionaire Next Door for $500? Read More »
Contrary to what is often touted in the media, there are more great affluent opportunities in our economy today than ever in our nation’s history. But in order to take advantage of these, it is important to appreciate the 8 key elements of the economic success equation as given in my book, The Millionaire Mind: 1. Understand the …