On Becoming The Next Millionaire Next Door
By Sarah Fallaw on Feb 6th, 2019 in Books and Publications, Current Events, Studying the Wealthy
If you thought that becoming a millionaire next door today was impossible, I hope you can learn a bit more about the behaviors it takes to achieve financial success before deciding so. Here are a few more reviews and insights into The Next Millionaire Next Door. MarketWatch’s Review of The Next Millionaire Next Door The […]
On the 20th Anniversary of The Millionaire Next Door
By Sarah Fallaw on Oct 20th, 2016 in Books and Publications, Current Events
As we progress through this election cycle I am having a bout of deja vu. We’ve been here before. Back in 1996 we were watching another election cycle that involved the Clintons–Bill Clinton versus Bob Dole versus Ross Perot. We were also seeing increased technology addiction (chatting on dial-up ISPs), and feeling as if threats […]
Spending Non-Financial Resources
By Sarah Fallaw on Dec 30th, 2015 in Psychology and Careers
How will you spend your time, emotions, and brainpower in the new year? From becoming emotionally involved in politics to the drama in what neighbors are buying, my father recognized that distractions could be a key source of why many struggle to become financially independent or achieve other goals. He gave us this advice on financial fitness last January: […]
Panning for the Gold in Life
By Thomas J. Stanley on Nov 11th, 2014 in Mentor's CornerLast 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 […]
Millionaires: Next Door and in the White House
By Thomas J. Stanley on May 20th, 2014 in Current EventsIn 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 […]
Happy People Count Their Current and Future Blessings
By Thomas J. Stanley on Jan 7th, 2014 in Lessons LearnedDavid, a straight “A” undergraduate student of mine, once invited me over to his apartment for his wife’s “famous Sunday chili dinner.” While driving to his apartment, I realized that they lived in what could be called the “poor side” or “industrial” part of town. He and his wife, both 23, had two small children. David was the […]
Young Married Couples: Follow the Ways of The Millionaire Next Door
By Thomas J. Stanley on Jul 16th, 2013 in Mentor's CornerLove should be the basis for a long and happy marriage. But even deep affection can be tarnished if a couple does not share the same goals and objectives. J and J, both 28, are getting married this fall. He is an engineer; she is an accountant. Neither have any debt. Their combined 2013 income will be nearly $150,000 […]
Forbes Article-A Required Reading Gem
By Thomas J. Stanley on Jun 25th, 2013 in Mentor's CornerThe June 24, 2013 issue of Forbes entitled The 2013 Investment Guide Special Issue is a must read for parents and teachers who want to educate our youth about how to achieve financial independence. The cover accurately describes the content of the issue: “money magic top secrets from wealth wizards.” Of particular note are the 20 […]
A Millionaire Profile
By Thomas J. Stanley on May 25th, 2010 in Millionaire Next Door StoriesFrom time to time I like to share some of the notes and e-mails I receive from millionaires in hopes that you may gain insight into to the lifestyles of these self made, financially independent people. One such profile came from a respondent to my latest national survey. You may find Mrs. T and her […]
Option 3 for Stop Acting Rich-Part II
By Thomas J. Stanley on Feb 9th, 2010 in Lessons LearnedThe cost of housing is often a major barrier to becoming financially independent. That’s why Ms K.S. might consider becoming her own landlord, as did Brian. But “just follow the rules.” And as I wrote in The Millionaire Next Door: To build wealth, minimize your realized (taxable) income and maximize your unrealized income (wealth/capital appreciation […]