Tag: money

What Sticks With Kids? Your Money Behaviors

By Sarah Fallaw on Aug 12th, 2020 in Lessons Learned, Psychology and Careers, Studying the Wealthy

How can we teach children to adopt some of the same behaviors and decision-making skills that millionaires next door have when it comes to managing finances? Is there a book, checklist, or blog that will ensure that children will magically adopt saving, spending, and other related behaviors that will set them along the path to […]

Relief Spending, Personality, and Planning

By Sarah Fallaw on May 27th, 2020 in Current Events, Studying the Wealthy

The long-term consequences of the global economic shut-down are, at least for now, unknown. But we can see some short-term implications that should cause us to pause, reflect, and plan when it comes to our future financial state, even if we outsource the financial planning task to others. For example, unemployment levels in the United States […]

On Becoming The Next Millionaire Next Door

By Sarah Fallaw on Feb 6th, 2019 in Books and Publications, Current Events, Studying the Wealthy

Is it possible to build wealth on your own? 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.  […]

An Update on “The Book”

By Sarah Fallaw on Aug 15th, 2018 in Books and Publications, Current Events, Studying the Wealthy

On October 1, the book my father and I began writing several years ago will, at long last, make its appearance on bookshelves. The title is The Next Millionaire Next Door, and it focuses on what it will take for this (or any) generation to achieve lasting financial success. Our research revealed (and thus our writing focused on) themes […]

Donor of $1 Billion Wears Resoled Shoes!

By Thomas J. Stanley on Feb 26th, 2013 in Studying the Wealthy

In a previous blog, I mentioned “that Mayor Michael Bloomberg of NYC, a billionaire, has ‘been wearing the same shoes of 10 years . . . .  owns only two pairs of work shoes . . . has them resoled.’” I also mentioned that according to the data in The Millionaire Mind of “the top […]

Not Talented? Not Gifted? So Represent Those Who Are

By Thomas J. Stanley on Feb 19th, 2013 in Mentor's Corner

In his acknowledgements, James D. Hornfischer, author of the excellent, New York Times’ best selling book, Neptune’s Inferno, wrote: . . . three years of research and two of writing . . . . Imagine spending five years of your life producing one book!  Even if you worked only 20 hours per week for, say, […]