Tag: planning

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.┬áBut 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 […]

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 […]

Fifteen Dollars

By Thomas J. Stanley on Jun 18th, 2013 in Lessons Learned

Please describe a life-changing event, experience or encounter that altered your life or circumstances in a substantial way. Please describe the experience, and how it impacts your life today. A few weeks ago, we asked the AMI Research Panelists and followers of @thomasjstanley on Twitter and Facebook to respond to the question above. Many of you […]