Tag: Millionaire Next Door

The Millionaire Down Under

By Thomas J. Stanley on Jun 22nd, 2010 in Millionaire Next Door Stories

I have found that wealthy people who have a modest consumption life style tend to be generous in giving to noble causes.  The following profile of John Adu (Australian Down Under) is yet another example of this. I have been unable to escape the uncanny similarities between my own circumstances and the things described in your books.  […]

Another Reason to Stop Acting Rich

By Thomas J. Stanley on May 20th, 2010 in Current Events

Most of the millionaires whom I have interviewed understate their true wealth. They get little satisfaction from displaying expensive artifacts which are suppose to define success in America.  But there is another important reason for not conspicuously broadcasting one’s net worth.  It has to do with issues of safety and security.  Take for example the comments made by […]

The Magic of Thinking Big

By Thomas J. Stanley on May 18th, 2010 in Books and Publications

Are you frustrated about the way your career is unfolding?  Perhaps you are not achieving what you should be given your hard work and discipline.  If this is the case you may wish to read the perennial bestseller, The Magic of Thinking Big, by Dr. David J. Schwartz.  Dave and I were on the marketing […]

Finding Millionaires

By Thomas J. Stanley on Mar 9th, 2010 in Studying the Wealthy

How do I go about finding many of the millionaires that I profile in my books. I read their trade journals. So, that’s like The Wall Street Journal, right?  Not really. I am referring to publications that target members of well-defined industries. You may recall my profile of Bill R. that was in The Millionaire […]

Option 3 for Stop Acting Rich-Part II

By Thomas J. Stanley on Feb 9th, 2010 in Lessons Learned

The 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 […]

A Mentor with The Millionaire Mind

By Thomas J. Stanley on Jan 26th, 2010 in Mentor's Corner, Other

Last Sunday, a church in our neighborhood sponsored a sandwich drive. Members and their friends who volunteered made 12,000 bologna and cheese sandwiches for homeless people in the downtown area. About half of the people who participated included families with young children. This is a great learning experience for youngsters who are part of middle class America. It teaches them more […]

Enjoy the Journey to Wealth

By Thomas J. Stanley on Jan 12th, 2010 in Lessons Learned

How do I categorize millionaires who inherited all or most of their wealth?  I do not consider them to be fortunate. Actually, I think of them as being deprived. They were deprived of the great pride, joy and satisfaction derived from building one’s own fortune. Countless millionaires have told me that it is the journey to wealth […]

$1 Million: Something or Nothing? (Part II)

By Thomas J. Stanley on Dec 10th, 2009 in Studying the Wealthy

Among the millionaire types profiled in Part I, what are some of the occupational groups that tend to have higher wealth indices than the norm? Some of these include: self-employed business owners (non-retail); executives of privately held corporations (see: The Millionaire Next Door); educators (and those married to an educator, see Stop Acting Rich, pp. […]

$1 Million: Something or Nothing? (Part I)

By Thomas J. Stanley on Dec 8th, 2009 in Studying the Wealthy

Recently, Dave Ramsey magnanimously invited me to be a guest on his show. During the interview, Dave asked me about the changes I had noticed among Americans since the recent economic meltdown. One of the changes I mentioned was the precipitous decline in the number of people who advised me that “$1 million (in net worth) – […]

“Life Changing Experience”

By Thomas J. Stanley on Dec 3rd, 2009 in Millionaire Next Door Stories

Why do I write about rich people? It’s not for the benefit of rich people. What I write is designed to benefit those who are confused and misinformed about what it means to be rich. Most Americans have no idea about the true interworkings of a wealthy household. The advertising industry and Hollywood have done […]