Most households in America with good to even great incomes, “have small levels of accumulated wealth. Many live from paycheck to paycheck.” And, as I also wrote in The Millionaire Next Door, these are the people who will benefit most from the book. With this in mind you will understand my keen interest in the …
Tom Hanks’ movies have grossed over $8 billion worldwide. If you read his recent op-ed “I owe it all to community college” in The New York Times you might understand why he should be nominated for an honorary membership in the millionaire next door club. So what if he graduated from a public high school, …
Tom Hanks’ Movies: $8 billion – I owe it all to community college Read More »
A headline in last week’s Wall Street Journal indicates a step in the right direction for college admission criteria: “Colleges Put the Emphasis on Personality: Some Shift Focus Away from Test Scores in Deciding Which Students to Admit” Yet even adding measures of perseverance, adaptability and discipline to the college admission process is not enough. …
Needed: College Admission Measures that Judge Success in Life Read More »
. . . most of the self-made millionaires I have studied . . . were able to build wealth precisely because they never lived in a home . . . where their domestic overhead made it difficult for them to build wealth. (Stop Acting Rich) Along these lines consider the ratio of the median household …
A multimillionaire once defined what it means to be wealthy. Wealth is not only about money but Good health, longevity, happiness, a loving family, self-reliance, fine friends, if you [have] five, you’re a rich man. The Millionaire Next Door
In the last few weeks a variety of articles have popped up recommending books on financial topics as gifts this holiday season. I was especially pleased to read Adam Zoll’s Great Book Ideas for the Investor on Your List on Morningstar.com. I understand that Morningstar readers were asked to indicate their favorite books on the topics of investing and …
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 »
Where can you find the millionaire next door on Black Friday? At work!
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 …
A recent article in The Wall Street Journal stated that “J.C. Penney reported quarterly results late Thursday and its shares soared 16% Friday.” I’m delighted that J.C. Penney is rebounding from its brief and ill-advised venture into fashion boutique world. Much of its current success appears to be a function of the company returning to …
J.C. Penney Patronized by The Millionaire Next Door Read More »