Tag: acting rich

Frugal Millionaire with a Mercedes? II

By Thomas J. Stanley on Nov 4th, 2010 in Studying the Wealthy

In my last blog I profiled the “used vehicle-prone shopper” category of the millionaire next door population.  I also briefly mentioned an engineering professor who detailed his latest car purchasing experience.  “The sight of cash has a powerful effect on some people.  Accordingly, I took $2,000 in twenty dollar bills from my emergency cash reserve. […]

The Low Profile Millionaire Next Door

By Thomas J. Stanley on Dec 1st, 2009 in Studying the Wealthy

A producer from ABC’s 20/20 news magazine television show once asked if I could identify neighborhoods where the millionaire next door types live. After checking my database, I pinpointed several neighborhoods where these people resided. The resulting televised program certainly raised eyebrows. Most of the homes depicted were in the $200,000 to under $400,000 price range. […]

What! No Jacuzzi?

By Thomas J. Stanley on Oct 15th, 2009 in Books and Publications

I would like to share a short tidbit from my new book, Stop Acting Rich.  You can read more in Chapter 7, The Road to Happiness. I admire people who drive Buicks. They show wisdom in buying a car that ranks high in both quality and value. Plus, according to Automotive News, people who trade […]

The Downside of Understating Your Wealth

By Thomas J. Stanley on Sep 29th, 2009 in Books and Publications

“Not acting rich” may be great for your net worth, but it might not let you into the parking lot at work. Below is an excerpt from Chapter 2 in Stop Acting Rich. Dear Dr. Stanley:Our physician recently telephoned to tell us laughingly that he had received the “Millionaire Next Door” award. When I questioned him, he […]

Greetings from the Income Statement Affluent Capital of America

By Thomas J. Stanley on Aug 5th, 2009 in Income vs. Net Worth

I have lived in Georgia for most of my adult life, one of many New York transplants.  I would not want to live anywhere else.  In fact, my success in studying how people become wealthy as well as why so many people with high incomes accumulate little or nothing is related to where I live.  […]

Are You a Threezy or a Millionaire?

By Thomas J. Stanley on Jul 16th, 2009 in Millionaire Next Door Stories

A reader recently sent me this note about one of his clients . . . Hello, Tom: A client of mine, Fred – A Millionaire Next Door Type, is a tire dealer . . . claims he has three kinds of customers: onezys, twozys, and threezys. When a buyer walks into Fred’s store. . . […]