Tag: frugality

Assessing Black Friday Fitness

By Sarah Fallaw on Nov 23rd, 2016 in Current Events

The frenzy of holiday shopping started over a month ago, culminating with this week’s Black Friday sales, where an estimated 137.4 million people will shop for something. My father had a lot to say about Black Friday shopping, particularly about those who felt it necessary or were compelled to stand in line for hours waiting […]

The Luxury of Indiscriminate Spending

By Sarah Fallaw on Apr 29th, 2016 in Lessons Learned, Mentor's Corner, Studying the Wealthy

Think about items that could be passed down to the next generation: jewelry, artwork, a treasured photograph, or a favorite book. What about the luxury of not being frugal? The luxury to buy whatever one wants? Are affluent parents passing down that “luxury” unknowingly? For those not fortunate enough to inherit large lump sums or […]

Young CPA Lives by the Principles Found in The Millionaire Next Door

By Thomas J. Stanley on Jun 10th, 2014 in Studying the Wealthy

Most millionaire next door types and those on their way were raised in a nurturing environment filled with harmony, mutual respect, discipline and frugality.  As an example please review the following case study from one of my readers.  While still in high school, my parents had both my brother and I read The Millionaire Next […]

Millionaire in the Making

By Thomas J. Stanley on Aug 17th, 2010 in Millionaire Next Door Stories

In my research over the past 30 years, I have discovered why the millionaire next door types are so productive in transforming their income into wealth. Much of what I have found is succinctly summarized in the following communication I recently received.  I am not a millionaire. At the age of 38 I am about 1/2 way there on […]

A Millionaire Profile

By Thomas J. Stanley on May 25th, 2010 in Millionaire Next Door Stories

From 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 […]

Being Frugal Has Its Limits

By Thomas J. Stanley on Jan 6th, 2010 in Current Events

A recent article in The Wall Street Journal mentioned that a conference of academic economists was taking place in Atlanta.  The theme of the article centered around the frugal nature of academic economists.  “Some economists may be cheap, . . . . because of their training or a fascination with money and choices that drives […]