Tag: building wealth

The Household CFO: Success Factors & Leading Through A Crisis

By Sarah Fallaw on Apr 2nd, 2020 in Current Events, Psychology and Careers, Studying the Wealthy

Leading a household through a global pandemic is not a role most of us anticipated having during our lifetimes. Working from home alongside a makeshift school or managing household duties in addition to virtually caring for loved ones is only part of the changes many households are finding themselves experiencing. The new configuration of life, […]

Building Wealth Revisited

By Thomas J. Stanley on Nov 4th, 2014 in Mentor's Corner

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 […]

Millionaires: Next Door and in the White House

By Thomas J. Stanley on May 20th, 2014 in Current Events

In The Millionaire Next Door I asked: What evidence is there that the government knows the formula for becoming financially independent in America? Our government studies “top wealth holders.” So do I.  And our findings are similar.  Millionaires live on the equivalent of a small proportion of their wealth.  They are heavy investors in commercial real […]

Big Intellect, Little Discipline, Little Achievement

By Thomas J. Stanley on Sep 3rd, 2013 in Mentor's Corner

Here is a short piece about an interesting article published in The Chronicle of Higher Education, i.e. “Ph.D. Attrition: How Much is Too Much?”.  The subtitle of this article is indeed telling: A disturbing 50 percent of doctoral students leave graduate school without finishing.  How can this be possible?  The large majority of doctoral students […]