Tag: data

Panning for the Gold in Life

By Thomas J. Stanley on Nov 11th, 2014 in Mentor's Corner

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 […]

Fantasies of Wealth; Misinterpreting the Data

By Thomas J. Stanley on May 14th, 2013 in Lessons Learned

A couple recently asked me about the relationship between home ownership and net worth. They are contemplating buying their first home.  “In your books, Tom, you mention that nearly all millionaires are homeowners . . . approximately 95%.”  Most homeowners, however, are not millionaires.  And no one is going to hand you a check for seven figures when you close […]