Tag: saving

The Household CFO: Success Factors & Leading Through A Crisis

By Sarah Fallaw on Apr 2nd, 2020 in Current Events, Psychology and Careers, Studying the Wealthy

Leading a household through a global pandemic is not a role most of us anticipated having during our lifetimes. Working from home alongside a makeshift school or managing household duties in addition to virtually caring for loved ones is only part of the changes many households are finding themselves experiencing. The new configuration of life, […]

Black Friday Perspectives from Millionaires

By Sarah Fallaw on Nov 23rd, 2018 in Current Events, Mentor's Corner, Psychology and Careers, Studying the Wealthy Shopping on Black Friday

Black Friday, from both a marketing and psychological perspective, was of great interest to my father, so much so that we included a question about it on the last survey we conducted on wealthy Americans for The Next Millionaire Next Door. Below is a roundup of some of the writings he and later I published […]

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 […]

How to Live Like a Real Millionaire, Part II

By Thomas J. Stanley on Oct 13th, 2009 in Millionaire Next Door Stories

More from our millionaire next door in the Southwest – Part II of the Millionaire Next Door story I received last month. We read in Part I that our “scientist of wealth” became a millionaire while his annual income was $78,000 and now has a net worth of $2.4 million. He and his wife did not/do not act rich, and […]

Avoiding The Money Pit

By Thomas J. Stanley on Oct 1st, 2009 in Books and Publications

In my interview on The Dave Ramsey Show yesterday, I discussed the relationship between where one lives and the ability to accumulate wealth. Here is a continuation of the discussion from my new book, Stop Acting Rich. Most of the self-made millionaires I have studied have one thing in common: They were able to build wealth […]

More Storm Clouds on the Economic Front

By Thomas J. Stanley on Aug 27th, 2009 in Current Events

It is likely that in the future, our government will no longer be able to provide for the economic and physical health of its citizens.  Does this prospect frighten you?  It should.  But, fear can be a great motivator to take affirmative action.  If you are not already doing so, start living below your means […]

Average Rich or Median Poor?

By Thomas J. Stanley on Aug 25th, 2009 in Income vs. Net Worth

Most people today in America are not wealthy, far from it.  However, don’t be confused when you learn that the average net worth of an American household is $434,782. You may be thinking that even if an average American worker loses his job he will be able to live off of his wealth for five […]