Tag: independent

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 […]